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ShmugliVision is Everyone who is Love

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Actually this book speak about the basic idea generation process to product development.I got brief idea about the risk involved in starting new venture.I also got idea about initial difficulties of starting new venture. The process of handling situation goes difficult so better we have know the basics.Actually the basic helps us to get a standard level of organising the venture. this book helps in different fields like feasibility analysis ,risk analysis, getting the idea of starting problem, market research etc.Mainly the entrepreneur can be anything initially but he must have the knowledge about the venture before he start it.  

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I am mainly speaking about 2nd part of a book that is "Creating and Starting The Venture".
First thing explained in the book is we need a idea for the startup a business, generating a idea by many
source those are Consumers, Existing Product and Services, Distribution Channels, Federal Government and Research and Development.
Then author had shared experiences of people for generating of the ideas by adopting a different methods those are Focused Group, Brainstorming, Reverse Brainstorming and etc
The author is elaborated the sources of idea generation, we may get the idea by continue evaluating the new product offered by a our competitors. For ex. First Paytm started payment app now a days many apps came to our market paying purpose but which slide changes in some features.
Some idea we may get through our present problems which we all are facing so one may react for all those or any problem by smoothly and gently to be the answer for those problems, example Band-aid.
Then the stages how the plan will continue for till implement next is concept stage that speaks about the refined product idea is tested to determine the consumer acceptance and initial reaction towards the concept which we are ready to execute.
Next we move to the Product Development Stage one tool frequently used in this stage is to provide a sample for specific person or expert's or consumers and participants are keep recording about the product advantage as well as disadvantage later on that records will help them to develop a product if required.
Next we move on to the Test- Marketing Stage which helps the executives for pridict the future based on the Test Marketing and also they can see the acceptance level of a consumers about there product in the market.
 

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This book is a must read! It gives detailed information and idea on entrepreneurship. It talks about the importance of Market Segmentation, creating personas, calculate the Total Addressable Market, how to quantify the value proposition, chart competition, design a business model and pricing framework, Lifetime Value and Cost of Customer Acquisition, Identify and Test Key assumptions, Define and create the Minimun Viable Business Product, among other important steps to check if your business idea is really worth pursuing.
Entrepreneurship is the dynamic process of creating incremental wealth. The wealth is created by individuals who assume the major risks in terms of equity, time, and/or career commitment or provide value for some product or service. There is not a fixed definition for entrepreneurship and it may vary from an economist to a psychologist and a businessman.
To an economist, an entrepreneur is one who brings resources, labour materials, and other assets into combinations that make their value greater than before, and also one who introduces changes, innovations and a new order. To a psychologist, such a person is typically driven by certain forces- the need to obtain or attain something, to experiment, to accomplish, or perhaps to escape the authority of others. Althugh each of these definitions views entrepreneurs from a slightly different perspective, they all contain similar notions, such as newness, organizing, creating wealth and risk taking.
Entrepreneurship is the process of creating something new with value by devoting the necessary time and effort, assuming the accompanying financial, psychic, and social risk and receiving the resulting rewards of monetary and persona satisfaction and independence.
 

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why some pages 219-223 are not showen??

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free download

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good

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Helped Me Alot

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Enterprenership mcgraw Hill

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Trading or investing in stock market is serious business. One must understand basics of stock market before they work in it. Sharetipsinfo is presenting complete Glossary of Stock market. Understand stock market better.

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