Working Procedure Of Entrepreneurship | Igor Roitburg

Working Procedure Of Entrepreneurship

Igor Roitburg

Igor Roitburg is from New York which is based in the USA. Igor Is a Chief Operating Officer at Default Mitigation Management LLC. He has a lot of experience in this field. He’s additionally former president and chief operating officer of Entropic Communication where he took Organization from pre-product and pre-revenue to a prosperous IPO on NASDAQ and an ultimate $1 billion valuation. Igor Roitburg has raised over $200 million of equity capital for his organization and executed over $2 billion in M&A transactions.

Entrepreneur

Igor Roitburg always brings a practical, self-discipline, cooperation, and focused on a problemsolving approach to the executive table and have served many executive roles in various companies of small initiatives for large multinational companies.

Entrepreneurial Process:

Entrepreneurship is a process, a journey, not the destination; a means, not an end. All successful entrepreneurs like Bill Gates (Microsoft), Warren Buffet (Hathaway), Gordon Moore (Intel), Steve Jobs (Apple Computers), Jack Welch (GE) GD Birla, Jamshedji Tata, and others all went through this process. To establish and run a company is divided into three parts: i.e Entrepreneurial Process, Promotion, Operation.

Entrepreneurial Process

An entrepreneurial job is limited to two steps:

1) Idea Generation

2) Feasibility Study

1. Idea generation:

To generate an idea, the entrepreneurial process has to go through three stages:

Idea Generation

. Germination:

This is like the planting process, not as a seed plant. It is more like the natural seeding. Most creative ideas can be linked to the interests of an individual or curiosity about a specific problem or area of study.

. Preparation:

Once the seed of curiosity interest has taken the form of a focused idea creative people begin searching for answers to problems.

Inventors will go on creating laboratories; engineering designers think of new ideas for products and vendors will study the buying habits of the consumer.

. Incubation:

This is a step in the business process that enters the subconscious intellectualization. The subconscious mind is bound to unrelated ideas in order to find a solution.

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2. Feasibility study:

The feasibility study is done to see if the idea can be commercially viable. It passes through two steps:

Feasibility study

. Illumination:

After generating an idea, this is the stage where the idea is regarded as a realistic creation. The flowering stage idea is critical because the ideas themselves have no meaning.

. Check:

This is the latest to verify the most realistic and useful for application ideas. Verification is concerned about the practicality to implement an idea and explore its usefulness to society and the employer.

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