SPECIFIC OBJECTIVES At the end of the class you will be able Define Venture, Define Planning, Explain concept of New Venture, Describe Venture-Building Process, Keys to good Venture Planning Steps of Planning a New Venture and 11 Keys to a good first Venture in detail.
Venture is often used for referring to a risky startup or Enterprise Company. New venture is a business plan that gives an opportunity or chance to setup a company/ business on the basis of innovative business ideas. It is a sort of competition that offers an excellent chance to turn innovative idea to start up business into a solid business plan. VENTURE
PLANNING Planning means to decide in advance what is to be done. Venture planning is a personal assessment of your feelings and the feasibility of a venture. Venture planning answers the question, should I do this and why?
New activity involving uncertainties Needs strategic and business planning Involves innovative business and management ideas . Sort of competition offering chance to formulate creative plan to start a new venture. Concept of New Venture
FACTORS INFLUENCING VENTURE
STAGES OF PLANNING A NEW VENTURE
CONCLUSION Make change visible with new concept/tool/environment based on need of the hour.