Friday, 7 March 2014

Business Plan for Exercising Entrepreneurship

This post is my answers for tasks given by VOC2: Entrepreneurship.


1.     Write a business plan for your own making. It should be from your own industry of interest and include the following headings followed by 2-3- explanatory sentences:

      a)     What is the product/Service?

·        My business plan is bases on 2040 foresight report provided by the millennium project, timeline for the business plan is about 2030-2040. Some of assumptions for business environment at that time are:

·   Vocational Education and Training’s curriculum is modularized and allowed to obtain credits from online courses anywhere in the world.
·   VET institutions should offer Individualized Lesson Plan (ILP) to all the students.
·   Mass Open Online Courses (MOOCs) offered by global institutions are available for everyone in the world and its certificates and credits are recognized by VET.
·   Work-based learning opportunities are available from not only community based business but also online-based companies including overseas companies, and their requirements for employment are clearly defined and shared with VET institutions.
·   Student educational records are stored in the national VET system, some of key data e.g. preferred learning styles, learning goals, future plan, achievement record and etc.

·        My service is called as VET Curriculum Planner (VCP). Major VCP services will be:  

·   Providing tailored curriculum and lesson plan to educators on planning the teaching and consulting program so that the resulting programs are in tune with business needs.

·   Providing tailored learning plan to VET students so that the learning paths are clear, considered their multiple intelligences, their object oriented, linked to job market needs, utilizing the best courses available from the MOOCs.  

www.google.com/images


      b)     What is unique about your product/service? Why are you uniquely qualified to succeed?

The VCP services will be produced in the connection with the national curriculum, VET institution and MOOCs and business information system so that Information produced by the system will be a formula of all the requirements expected by all the parties involved in VET education. It will guarantee the high quality of VET education, individualized flexibility, globalized education, and cost efficient solution.   

     c)     What weakness are possible?

Legal boundary to connect and access the all the parties system information. Quality of the VCP service is highly dependent on reliability of the all the parties system information and how to protect individual information leak.   

     d)     What’s the advantage of the customer in buying your product/service?

·        For VET educators, they will get all the planning information and which are tailored for school level of needs. It will reduce their workload for planning lessons and offering worldwide globalized curriculum to their students.

·        For VET students, they will get individualized curriculum plan, which will motivate them to learn in the internationalized context. Their learning is not limited in the local school, expended to global level. And their learning will be well aligned with business job market needs so that it guarantees their smooth transition from VET to employment.

·        For business, reduce education cost for new employees and their competence fits well for their job requirements.     


      e)     Who are your target customer?

The service needs to be developed in the national level to connect all the VET parties, so the target customer will be the National Board of Education, which can provide such a responsible services to the all VET institutions.

     f)       How will you find your customers, how will you market your company?

It will be a joint project to be offered to the National Board of Education.

Key benefits of the VCP as for marketing will be:

·        Enhancing cooperation between VET institutions, MOOCs, work and enterprises on all levels.
·        Strengthening of student learning outcomes, which are globalized and localized as well.
·        New type of on-the-job experiences, working life and interactive skills from part of curricula.
·        Nationwide cost saving for VET education.
·        ICT’s potential is exploited.

    g)     What do you need? (People, money, expertise, a retail outlet…)

·        Government funding
·        A laboratory and a virtual office
·        Employees e.g. engineers to develop the VCP system, consultants and architect
·        Computer software, hardware, network and licenses


References
·        CTE and Work-Based Learning: http://www.ericdigests.org/2005-1/wbl.htm
·        Individualized Learning Plans How-to Guide – Section I, Career Planning & Management, Work-based Learning: http://www.ncwd-youth.info/ilp/how-to-guide/section-1/career-planning-and-management/work-based-learning
  •              Park, Y. Glenn, J. Gorden, T. and Florescu, E. 2013. State of the Future. Kyobo


 2.     What part of this Prezi did you find useful for yourself and what not so useful? Why?

Useful:
·        Learning content is well defined and organized using Prezi tool.
·        The content about entrepreneurship covers very well the learning outcome, and can be easily understood.


Not Useful:
·        References in Finnish may be seen as not useful for foreign students.
·        Prezi tool is little bit annoying to see small letters in some of slides, unnecessary zoom in and out needed.
·        The You Tube video does not tell explicitly what differences between external and internal entrepreneurship are.

3.     There’s an Enter-office in Pori which helps people starting up a business – can you find a similar local organization near you which gives entrepreneurship help?

In Helsinki, I have participated in an entrepreneur course provided by EnterpriseHelsinki. The course was in for immigrants conducted in English. Finnish courses are offered also for Finns. It was covered very well all the issues related to start-up business in Finland.  

Here is a brief about EnterpriseHelsinki and link for more information:


EnterpriseHelsinki supports entrepreneurship

EnterpriseHelsinki is a service centre for entrepreneurs in business, or who hope to enter business. The centre provides support, all the way from developing a business idea to finding the right contacts. EnterpriseHelsinki is a unit of the City of Helsinki's Economic Development service, which also includes Helsingin Uusyrityskeskus ry. 
In particular, EnterpriseHelsinki supports start-up businesses. The centre arranges free-of-charge information sessions, briefing participants on the core issues involved in starting a business.                                                           



Form this link you can create your own business plan with a professional look using a computer tool:  https://www.liiketoimintasuunnitelma.com/index.php

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