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Check below the concepts and some ideas
Innovation
According to the business dictionary, Innovation is the process of translating an idea or invention into a good or service that creates value or for which customers will pay.
To be called an innovation, an idea must be replicable at an economical cost and must satisfy a specific need. Innovation involves deliberate application of information, imagination and initiative in deriving greater or different values from resources, and includes all processes by which new ideas are generated and converted into useful products. In business, innovation often results when ideas are applied by the company in order to further satisfy the needs and expectations of the customers.
Entrepreneur
Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced.
An entrepreneur supplies risk capital as a risk taker, and monitors and controls the business activities. The entrepreneur is usually a sole proprietor, a partner, or the one who owns the majority of shares in an incorporated venture.
According to economist Joseph Alois Schumpeter (1883-1950), entrepreneurs are not necessarily motivated by profit but regard it as a standard for measuring achievement or success.
When there is a group of business owners who meet on a regular basis to share information, experiences, and tools for improving businesses, they are entrepreneurial organization.
Read more: http://www.businessdictionary.com/definition/innovation.html
Startup
A startup is a company that is in the first stage of its operations. These companies are often initially bankrolled by their entrepreneurial founders as they attempt to capitalize on developing a product or service for which they believe there is a demand.
According to startup expert Yuri Gitahy, “there is a more current definition that seems to satisfy a lot of experts and investors: a startup is a group of people looking for a repeatable and scalable business model working in conditions of extreme uncertainty . ”
Some examples where is possible to grow from little business:
- Tax Preparation and Bookkeeping
- Catering Services
- Website Design
- Business Consulting
- Courier Services
- Mobile Hairdresser Services
- Cleaning Services
- Online Tutoring
- Cleaning Services
- Online Tutoring
- Real Estate Brokering
- Logo Design
- Warehouse Storage
- Property Maintenance
- Technology Repair Services
- IT Support
Getting Started
- Keep your current job
- Design a business plan
- Do a competitive analysis
- Research and test your ideas
- Find opportunities to build skills cheaply
- Make the most of your existing assets
- Streamline your staffing plans
- Ask friends and/or family for a loan
Technology Park
The science parks could be the house of new companies.
The Science parks and other areas of Innovation play a key role in the economic development of their cities, regions and countries.
IASP is a gateway to more than 115.000 innovative companies wide world. With Seven Divisions : Africa, Asia Pacific, Eurasia, Europe, Latin America, North America, West Asia and North Africa.