Review of Kauffman FastTrac - Business and Strategy

Transcription

1 Duration: 30 hours in total Who should attend: To help existing entrepreneurs improve their business Benefits: Get the best from one of America s leading entrepreneurial learning programs that are written by entrepreneurs, facilitated by entrepreneurs, for entrepreneurs. Discover how to plan for purposeful, profitable growth, and improved business performance FastTrac GrowthVenture, a 30-hour course that is targeted specifically to entrepreneurs who have experience running their businesses and is looking their growth and improvement. Discover how to plan for purposeful, profitable growth, and improved business performance. Hindsight is 20/20, so take what you ve learned in your business and look to the future. Kauffman FastTrac GrwothVenture Course Created by the Ewing Marion Kauffman Foundation, the first foundation to focus on entrepreneurship as one of its primary areas of interest since 1993, FastTrac is one of America s leading entrepreneurial learning programs and remains on the cutting edge by providing programs that are written by entrepreneurs, facilitated by entrepreneurs, for entrepreneurs. Over the years, FastTrac has served more than 350,000 existing and aspiring entrepreneurs in the United States. Nanyang Technological University (NTU) has achieved the rare accolade of being Asia Pacific s first overseas Kauffman Campus and Nanyang Technopreneurship Center (NTC) is privileged to be the authorized licensee of the prestigious FastTracc program in Singapore. Taught by Kauffman certified facilitators, the Singapore version is based on the highly sought after FastTrac GrowthVenture program and supplemented with best teaching practices of NTC, aimed to help existing entrepreneurs and managers to hone the skills needed to bring their business to the next level.

2 Course Outline By taking the FastTrac GrowthVenture, course, you will: Analyze your current business situation. Identify the best growth opportunities. Determine a model for growth. Build a budget that supports your vision and strategic plan. Find ways to strengthen your product/service. Determine the best sales strategies for your market. Optimize the roles and responsibilities of your management team. Discover the operational systems needed to support your growing business. Improve your profitability and financial performance. Implement your business plan. Tailor-Made for the Self-Made Entrepreneur FastTrac GrowthVenture makes you an active participant in a program designed for entrepreneurs just like you. Facilitators are knowledgeable entrepreneurs who are attuned to the issues that influence the decisions you make about your business. They make the program meaningful by applying this knowledge to your business. Business coaching enables you to access one-on-one input with issues as varied as: Business performance and planning; Strategic marketing; Employment issues; Financial backing and support; and Growth readiness. What s more, you gain enthusiasm for your business future along with the valuable networking relationships that last well beyond the program. Connect with the Right People! Thoughtful, insightful, and above all practical, FastTrac GrowthVenture provides a forum that allows you to: Analyze your business and evaluate the market for growth; Streamline your business to operate more efficiently; Determine strategies to achieve your goals; Understand how to access the human, financial, and business resources available to you; Calculate the funds required to reach your next growth phase; Create a framework to sustain maximum profitability while you grow; and Use the tools and resources that assist you in planning for growth.

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4 Course Format Seminar can be offered in intense mode or sparsely on modular basis Delivered by US trained Kauffman FastTrac certified facilitator Guest speakers with industry specific experiences will be invited to share their experience Built in business coaching and mentoring sessions to enhance learning and application Action plan and roadmap for business venture Guest Speakers network expanding experience sharing 30 hrs of Content practical cirriculum hands-on approach Business Coaching industry specific integrated approach Course Benefits Practical, hands-on curriculums that are easy to grasp Interactive lectures and small-group exercises Ready to use templates and guides to facilitate learning Lifelong access to Kauffman online knowledge database abase Enriched content with cases studies from Singapore South East Asia Knowledge and insights, skills and stories from successful entrepreneurs Catalysed experiential learning within a contemporary, practical learning environment Extra Benefits Lifelong access to online valuable resources and toolkit Exclusive access to FastTrac s private LinkedIn community with over 1000 global entrepreneurs Powerful network after the program Duo certificate from NTC and Kauffman FastTrac

5 Key facilitator s Profile (All facilitators are certified by Kauffman FastTrac in USA) Assoc Prof Boh Wai Fong Associate Professor Kauffman Global Faculty Certified Kauffman FastTrac Programme Facilitator Division of Information Technology and Operations Management College of Business (Nanyang Business School) Nanyang Technological University Mr. Tang Shuih Huei Adjunct Instructor, Nanyang Technopreneurship Center Certified Kauffman FastTrac Programme Facilitator Founder, S H Tang & Associates MSc. Technopreneurship and Innovation (NTU-UW) Bachelor of Laws (Honours) (London) Mr. Roderick Chia Adjunct Instructor, Nanyang Technopreneurship Center Certified Kauffman FastTrac Programme Facilitator Managing Director, IDM Venture Capital MSc. Technopreneurship and Innovation (NTU-UW) Bachelor of Engineering (Honours) (NTU)

6 Programme Content 1. Sizing Up Your Business 2. Exploring Growth Opportunities 3. Making Strategic Decisions 4. Using Financial Tools 5. Strengthening the Product/ Service Programme Content Deliverable Analyze your business and evaluate the market for growth; Streamline your business to operate more efficiently; Determine strategies to achieve your goals; Learn how to use the latest strategic management tools and resources that assist you in planning for growth. Understand how to access the financial, and business resources available to you; Ability to Understand financial statements to make financial decisions; Calculate the funds required to reach your next growth phase; Rethinking your Product/Service and marketing strategy; Reinventing your product/service from the perspective of user behavior insight 6. Seizing the Market 7. Leading the Organization Master the strategies and tactics to reach target markets; Marketing Planning; Gain Strong leadership skills through revision of management; competencies and Evaluation of appropriateness of current legal structure; Management and Organization Planning; 8. Managing Operations for Growth 9. Charting Financial Performance 10.Making it Happen Review your operational systems workflow and Key success measurements Set the performance standards for entrepreneur and reinvent your operation plan Create a framework to sustain maximum profitability while you grow Plan your short-term and long-term cash flow needs based on your growth plan Skills to maximize the internal and external sources of cash available to support the business growth Strategies for immediate action in high priority areas of the business Focus on the ongoing role of the entrepreneur and team in identifying changes and needed support Completed business growth planning Action Learning Plan Demo Day Action Learning Plan for the growth of your company

7 Kauffman FastTrac GrowthVenture Schedule (suggested) Morning 9:00-12:30 Day1 Day2 Day3 Day4 FastTrac FastTrac GrowthVenture GrowthVenture GrowthVenture Course Course Course Strengthening the Leading the organization product/service Managing operations for Seizing the market growth FastTrac GrowthVenture Course Sizing up your Business Exploring Growth opportunities Presentation of your growth plan Business coach sharing 12:30-14:00 Networking lunch + Guest speaker sharing Networking lunch + Guest speaker sharing Networking lunch + Guest speaker sharing Certificate Ceremony Afternoon 14:00-17:00 FastTrac GrowthVenture Course Making Strategic Decisions Business model Canvass exercise FastTrac GrowthVenture Course Using Financial Tools Charting financial performance Business coach sharing FastTrac GrowthVenture Course Making it Happen Work on your growth plan

8 About the Ewing Marion Kauffman Foundation The late entrepreneur and philanthropist Ewing Kauffman established the Ewing Marion Kauffman Foundation as the first foundation to focus on entrepreneurship as one of its primary areas of interest. An epitome of American entrepreneurship, Kauffman saw business enterprise as one of the most effective ways to unleash human potential and stir the economy to life. He viewed entrepreneurship as the most powerful strategy to help individuals gain economic independence and serve as a catalyst for creating jobs and wealth in society. Today, the Kauffman Foundation is devoted to advancing entrepreneurship as one of the fundamental aspects of life in the United States. Focusing on research, education, technical assistance, and policy, the Kauffman Foundation works to increase the number and success rate of individuals engaged in the process of starting or growing their own business or idea. The Foundation works with partners to design programs based on the proven principles, techniques, and leadership tactics that make starting and growing a business a more common choice for Americans of all walks of life. The Foundation is based in Kansas City, Mo. and has around $2 billion in assets.

9 Living the Life of an Entrepreneur Entrepreneur Stories The following success stories and business profiles, taken from the FastTrac Connections newsletter, highlight alumni who are pursuing their entrepreneurial dreams. Raymond Nowak, Owner Fast-teks Franchise After 23 years as an engineer and manager with a corporate automotive supplier in western Michigan, I took a buy-out. I was intent on owning a business, so I knew FastTrac NewVenture would be valuable. Joe Runyan, President Hangers Cleaners Even if you re not looking for entrepreneurship, entrepreneurship may find you. A corporate buyout leads to an environmentally friendly cleaning venture. Bob Wald, CEO / Strategic Technology Advisor In-Knowvation FastTrac made me think through some very difficult questions: Do I really want to do this? Does this make sense to do? Does my product or service really have a market? When will the market be ready for a product or service like mine? Jan Phillippe Eiras, President Quadras Corporation I had attended other business planning classes and seminars, but I surprisingly found the FastTrac approach to be significantly different and better than all my past experiences. Suzanne Weston, President Wrap It Fast FastTrac truly helped me move from the idea to the implementation stage. And through my connections at FastTrac, I was able to eventually meet the right people to take my product to QVC.

10 Proven Results of Kauffman FastTrac Programs

11 Fastest-rising Asian university in the world s top 50 Seventh Best University in Asia NTU is the fastest-rising Asian university among the world s top 50 universities. Ranked 41st in the world, it is also placed 2nd globally among young elite universities. In the most recent QS Asian University rankings, NTU is ranked Asia s seventh best university. The university has colleges of Engineering, Business, Science, Humanities, Arts, & Social Sciences, and an Interdisciplinary Graduate School. It also has a medical school, Lee Kong Chian School of Medicine, set up jointly with Imperial College London. NTU provides a high-quality global education to about 33,000 undergraduate and postgraduate students. The student body includes top scholars and international Olympiad medallists from the region and beyond. Hailing from more than 70 countries, the university's 3,800-strong teaching and research staff bring dynamic international perspectives and years of solid industry experience

12 As a multi-disciplinary university-level center, the Nanyang Technopreneurship Center, since 2001, serves as the focal point of technology entrepreneurship development within the University and the region, where creativity and entrepreneurship will thrive, leading to the creation of new business ventures that will provide the new engine of growth for Singapore. Mounting global competition and rapid technological changes mark the dawn of Nanyang Technopreneurship Center (NTC). The world economy and the way businesses are run are being transformed by major driving forces - namely globalization, technological change and technopreneurship. The rapid changes are unsettling not only for businesses, but also for governments, employers, workers and societies in general. NTC is strongly committed to technology-entrepreneurship development within the University and the region. The ultimate aim is to groom individuals with the gumption and business acumen to turn their novel ideas into successful high-tech ventures.