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One of the most complicated aspects of ”creative entrepreneurship” is probably the second part of the expression. More specifically, balancing purpose and mission with sustainable business practices. Somehow, the general view is that there is a contradiction between the two. This e-course will help you settle this contradiction.
This course will help you if:
This e-course (Intellectual Output 1) was developed during the Circle, an initiative co-funded by the Erasmus+ Programme of the European Union. The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the National Agency and Commission cannot be held responsible for any use which may be made of the information contained therein.
One of the most complicated aspects of ”creative entrepreneurship” is probably the second part of the expression. More specifically, balancing purpose and mission with sustainable business practices. Somehow, the general view is that there is a contradiction between the two. This e-course will help you settle this contradiction.
Here are some important terms you will learn in this course!
The most important resource you own, no matter the business stage you are in, is clarity. Why? Because it helps you get closer to your objective, small step by small step. In order to gain clarity and make progress, you can use some tools to help you. You will learn about 5 of them in this article.
The most challenging part when you establish your business is starting on the right path. In other cases, the difficult part is viewing what you do, your creative resources or projects, as a business and not only as a personal mission.
How would the business model canvas look for other companies? Here are a few examples.
A common confusion entrepreneurs tend to encounter in their earliest stages is considering that a business model canvas is in fact also a business plan. They are in fact different but they are also connected.
Sometimes, dealing with the financial technicalities of running a business might feel overwhelming. But if you become familiar with all the essential terms and follow some basic principles, the financial health of your project will definitely improve.
The price is not just a “number on a tag”. The price is the most powerful mechanism for profit, more valuable than volume (number of units sold) or cost control. And not just that: the right price is key to helping your mission succed.
Have you decided on how to get money out of your business? The way in which you can monetize what you offer, and the prices, implies a series of decisions you must consider. Find out more about the options that you have and how to make the choices that are right for you.
Did you fill in your business model canvas? Perfect! Let's talk about how you can get even more creative with it.
When it comes to motivation, you’ve probably noticed some people find the right energy to engage in getting stuff done easier, but it surely is different for each one of us. Find out more in the article below about all the factors involved when it comes to motivation.
Besides having a good Business Model Plan for your business, it’s just as important to know who you are and what your career purpose is. Business Model You comes as a personal development tool and it helps entrepreneurs find out their multiple roles they play in their everyday lives.
Entrepreneurship is more than just leading a business – it is also headed towards leading people and teams that gravitate towards the same goals and values. As seen in the previous material, it’s important that your team is guided by the same values and has a similar mindset – that's how they can perform at their best and stay engaged.
Leadership and self-leadership are two terms that go hand in hand when we talk about leaders or managing oneself, whether you have your own business or are part of an organization. All leaders' success depends on mastering these two concepts and by having the mentality and talents to acquire the resources you need.
The most important thing to do before entering new markets is conduct solid research. Even though your product / service might be very popular in our country, it might not have the same popularity in another country. In the article below, we pointed out what are those aspects you should consider before planning.
The pandemic made us understand or reconsider fundamental aspects of our lifestyle. Among them- how we perceive the way we work, what motivates us, how good we are at maintaining that work-life balance, and so on. Forced by the sanitary crisis, many businesses have been transitioning to online, fully remote working.
In recent years, more and more support initiatives – both financial and educational – have been launched in order to support the creative entrepreneurial ecosystem. Regardless of their type, they have a great potential of strengthening early-stage initiatives and to contribute to thriving creative scaleups.
As the EU states, grants are: “direct financial contributions from the European Union budget awarded by way of a donation to third-party beneficiaries (usually non-profit-making organizations) engaged in activities that serve EU policies.”
One of the biggest struggles creative or social entrepreneurs have is looking at what they do from a complete perspective. This includes both your personal drive and wellbeing, the impact you produce and also the overall sustainability of your projects and initiatives. Like you saw in the first part of this course, they are all strongly interconnected.
When you’re focused on your creative work or on your social impact, it’s sometimes a bit more difficult to give the necessary attention to how you communicate to others about what it is you do. But this, as you’ve seen earlier, is an important component of your project’s sustainability – that is getting it the recognition and attention it deserves.
You’ve learned about what are the steps, opportunities and things you need to check before you expand to other countries. But what other options do you have or you should consider in this process?
If you produce any type of creative or artistic work, there are some things you should know about the legal side of your activity. When you work with clients or suppliers you should use your contracts as ways to make sure that everyone knows their obligations and rights, as well as the terms of the agreed upon project.
What your business would see if it were to see itself in the mirror today. A snapshot meant for discussions with your team and your partners.
The presentation that investors want to receive on email.
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