A4 Idea

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A4 - Idea

• Recognising Capital

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A4 Recognising capital

• Aim
• To introduce the concept of capital social,
  intellectual, business, academic.
• Learning Outcome
• To appreciate the capital that they are
  developing through networks and experience and
  how it can support business development.

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Resources

• What are resources are available to you to start
  up a business?
• What do you need?
• Research Activity what is incubation?
• What incubation services are provided?

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4 forms of Capital

• Business Capital those aspects of human
  endeavour which are directed at effective
  organisational management.
• Social Capital human endeavour enabling
  participants to act together more effectively to
  pursue shared objectives (networking capital)

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4 forms of Capital

• Individual Capital - individual performance /
  empowerment through skills, talents, attitudes
  etc.
• Academic Capital knowledge gained tacit and
  explicit.

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Measuring intelligence

• I.Q.
• Emotional Intelligence intelligent use of
  emotions and aptitudes - self control zeal
  persistence reading others relationship
  management.

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Recognising your capital

• Activity 1 Self Assessment
• Under three headings, make a quick list of your
  talents, skills and knowledge.
• Draw from your degree modules, electives and any
  work experience as well your personal/social
  life, hobbies, networks and interests.

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Your business idea from your talent, skills
knowledge?

• Talents things that come naturally to you
• Ability to spot a bargain.
• Good communicator with new people.
• Eye for design.
• Creative thinker.
• Skills things that you have learnt.
• Speak a foreign language.
• Programme in HTML.
• Ability to do double entry book keeping.
• Knowledge things you are aware of through degree
  /experience.
• Knowledge of pub and nightclub industry.
• Knowledge of heath fitness industry.

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Resources

• Activity 2 Recognising your capital
• List the names of your family and friends and
  then add each person another friend or
  acquaintance that you have met through them.
• Now list the professions, experience, industries,
  interests, hobbies, networks etc that each person
  has.
• Classify them.

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Activity

• Explore your individual capital against the
  following table which indicates the capital felt
  to be required by business support specialists to
  become a graduate entrepreneur.
• Which areas do you need to develop?
• Which areas have they not highlighted?

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