Business Ideas Research Articles

Exploring Women Entrepreneurs’ Knowledge and Participation in Entrepreneurial Schemes

As a nation, Indian women are rising to the occasion and establishing themselves as potential business owners. It is critical for women to take the lead in non-traditional business fields if we want to dismantle the idea of gender-specific industry. The expansion of female-owned businesses is a key factor in the global economic recovery. The underrepresentation of women in business began to change as our understanding of the for-profit sector grew. Being careful, adaptive, and resistive to wastefulness is a key quality for women to have in business. Women are making waves in the business world, bringing fresh perspectives to SMBs. Entrepreneurial women are those who come up with a business idea, put it into words, plan and execute it, take calculated risks, reap the rewards of uncertainty, and aren’t afraid to fail. Due to difficulties in obtaining a suitable job and a need for social approval, many women choose to work remotely.

Pelatihan Pembuatan Coklat Mete Untuk Meningkatkan Nilai Jual Sehingga Meningkatkan Penghasilan Masyarakat

One way to increase the price value of natural resources produced by the Kore village community, especially cashew nuts, is by processing cashew nuts into cashew chocolate to increase the community's creative ideas in processing cashew nuts into a snack product that can be sold in the market or in shops. generally. In this case, students offer attractive packaging so as to increase consumer purchasing power. Then, in terms of packaging, Korean people don't really pay attention, so we are here to offer the public, if the product is to be suitable and considered attractive, it must be with attractive packaging, in addition to considering the needs for making the product so that we can determine a price that is in accordance with the expenditure and the unit price of the product to be sold. . This training will increase the community's experience and insight in developing the natural resources around them into business ideas.

Pelatihan Pembuatan Makanan Yōshoku Sebagai Ide Bisnis UMKM Kepada SML UMKM Centre

Training on Making Yōshoku Cuisine as SME Business Idea for SML UMKM Centre Community Service (PkM) is carried out with the aim of raising awareness and providing beneficial knowledge and skills to the community. This PkM activity is directed towards the SML UMKM Centre, a business development facility established by Sinar Mas Land. SML UMKM Centre provides various facilities to support the development of SMEs. In this PkM activity, the executing team will conduct training on making Yōshoku cuisine, a fusion of Japanese and Western flavours. The training aims to provide knowledge about Yōshoku food menus as ideas for starting SME food businesses for the SML UMKM Centre community, namely Alfredo Gyoza and Nanban Chicken Rice Bowl. The executing team will deliver detailed presentations on the foods to be made, including in-depth explanations of the recipes to be used and the stages of preparation. Organizing this training it is expected to provide an opportunity for participants to be creative in creating Yōshoku dishes as a new opportunity in the culinary business.

PELATIHAN DIVERSIFIKASI PRODUK OLAHAN IKAN BAGI KADER PKK DESA KUTALIMAN, BANYUMAS SEBAGAI UPAYA MENINGKATKAN PEREKONOMIAN MASYARAKAT

Kutaliman Village is one of 25 extremely poor villages in Banyumas Regency. As an anticipatory step, the Kutaliman Village Government is implementing a village food security program that comes from animal sources. The fisheries potential of Kutaliman Village is abundant, but its utilization is not optimal. So far there has been no business skills training for PKK cadres to manage village fisheries products, which can be a source of additional income for the community. This activity aims to assist in the entrepreneurial skills of Kutaliman Village PKK cadres through training in the diversification of processed freshwater fish. It is hoped that the results of the training will become entrepreneurial ideas and improve the local economy. The method of implementing the activity is the Participatory Rural Appraisal (PRA) method which is carried out by directly practicing making fish nuggets and meatballs. At the end of the activity, participants were also asked to fill out a liking (hedonic) test questionnaire. The result of this training activity is to increase the skills and knowledge of PKK cadres in processing fishery products so that they have high selling value and can become an opportunity for entrepreneurship. The results of the liking test showed that all participants liked the fish nuggets and meatballs including the aroma, appearance, taste, and texture. PKK cadres who participated in the training revealed that this activity was very useful and could be a business idea to improve the household economy. The entire series of activities was received enthusiastically by the participants. This training provides household-scale business ideas by exploiting the potential of freshwater fish in Kutaliman Village.

WAYS OF COMMERCIALIZATION OF YOUTH STUDENTS' ENTREPRENEURSHIP PROJECTS AND INCREASING BUSINESS INCUBATOR ACTIVITY IN THE CONDITION OF GIVING FINANCIAL INDEPENDENCE TO EDUCATIONAL INSTITUTIONS

The article analyzes reforms in providing financial independence to educational institutions of the Republic of Uzbekistan and ways to achieve financial support for ideas and projects of young entrepreneurs who graduate from educational institutions. Opinions of foreign and domestic scientists regarding the financing of the business incubator system are given. In addition, information is provided on models of financial support for commercialization of innovative business ideas, scientific and technological development projects and programs of students who are members of universities, technical schools, colleges, vocational schools, monocenters, public and private business incubators, and additional the economic benefits of creating new workplaces are highlighted.

Analisis Kelayakan Bisnis Pengembangan Usaha Startup

The rapid growth of the global startup ecosystem has created many opportunities and challenges. The purpose of this study is to analyze the business feasibility of startup business development. The research method used is a literature study or Library Research with a qualitative approach. The literature used is literature from research results or reviews presented in national and international scientific articles related to startups. The results showed that this analysis is a critical stage that helps startup founders to understand whether their business idea has the potential to succeed in a competitive business environment. By evaluating components such as market, financial, technical, management, and risk, business feasibility analysis provides a deep understanding of the potential and challenges that startups may face. Keywords: Business feasibility, Enterprise development, Startup

STRATEGI RISET PEMASARAN PRODUK UMKM KABUPATEN KUNINGAN JAWA BARAT

The role of marketing research in marketing plans and strategies is very important through idea generation. Market research can help in creating business ideas. Especially for those who are just starting their own business, this will provide an overview of the market they will be targeting and will be a consideration in taking future steps. Apart from that, the variety of ideas to choose from is not just one business idea, from conducting market research you will get a variety of ideas to choose from. Next, you can note down several variations of existing ideas according to your interests so that they can then become alternative choices. One of the obstacles often encountered in developing a business is difficulty developing a concept. With marketing research, you can obtain a variety of information and data that can be used as an option for creating a business plan. Another thing that is no less important is that through marketing research you will be presented with a variety of the latest trends. This is quite important considering that market conditions move quite quickly from time to time. By following existing trends, you will obtain a variety of information that can be taken into consideration when implementing the next marketing strategy. Marketing research can also play a role in product development. Changing market conditions in terms of tastes and trends must be followed by product development through market research. The role of market research which is no less important is to test the market or market research can be used as an experiment to see whether the results of existing research are in line with the desired expectations so that it will ultimately lead to commercialization or the creation of sales. The things described above have not currently been carried out in a structured manner for MSMEs in Kuningan Regency, so that the products produced have relatively not experienced significant growth either in terms of the number of sales or product variants produced.

Enablers of students' entrepreneurial intentions: findings from PLS-SEM and fsQCA

PurposeThis study explores the enablers of students “entrepreneurial intentions by identifying the factors that raise students” interest in embracing an entrepreneurial career.Design/methodology/approachEntrepreneurship education is increasingly attracting attention as a means of fostering entrepreneurial activity and creating a culture of innovation. Developing students' entrepreneurial intentions is critical to promote entrepreneurship. This research is built on a mixed method approach of partial least squares structural equation modelling and fuzzy-set qualitative comparative analysis.FindingsThe factors that influence students ‘entrepreneurial intentions are identified: business incubation programmes, non-reimbursable grants for entrepreneurial students, networking events to promote entrepreneurship, mentoring services, innovation labs for business idea validation and entrepreneurship courses. This knowledge can help develop effective entrepreneurship education programmes. The study also provides actionable insights for educational institutions and policymakers. It underscores the need for innovative educational platforms such as entrepreneurial bootcamps. It also highlights the value of advanced learning environments such as decision theatres to foster a culture of entrepreneurship and innovation.Originality/valueThe study contributes to the body of knowledge on entrepreneurship education. It highlights the need for a multidisciplinary approach to understand the factors that shape students’ entrepreneurial intentions.

Pemanfaatan Limbah Kulit Kopi Dan Serbuk Gergaji Di Desa Kalipucang Sebagai Bahan Biobriket

Kalipucang Village's residents generally have professions as cattle breeders, but there are some who are coffee farmers. Coffee skin waste is usually sold directly by coffee farmers at a cheap price, where the coffee skins can actually be processed into biobriquettes and the selling price will increase. Coffee skin has a small water content and high calorific value and can be an alternative fuel product, while sawdust has a carbon chain that plays a role in combustion. The quality of the briquettes is obtained by calculating the right composition ratio so that it will produce high quality calorific value and suit people's needs. The thing that must be considered when making briquettes is determining the right ratio of ingredients to increase the heat of the briquettes and their use. It is hoped that making biobriquettes is relatively easy by processing coffee husk waste and sawdust and can become a business idea and for consumption by the Kalipucang community in everyday life.

Reducing Challenges in Design Thinking Adoption Using Intrapreneurship and a Learning Environment

Design thinking (DT) is increasingly used to develop solutions that identify users' real needs. However, resistance to adopting DT and a lack of knowledge about the tools and activities of this approach are significant challenges in its implementation. Thus, organizations need to create strategies that minimize these challenges. This paper explores an approach focused on intrapreneurship to motivate employees to develop new business ideas combined with a learning environment for exchanging knowledge as a mechanism to overcome resistance to the adoption of DT. In this sense, the research problem addressed here is the lack of strategies to minimize resistance and the lack of knowledge for adopting DT in software organizations. This work was conducted using action research in a Brazilian software development organization. Initially, a call for proposals for new software-based business ideas was launched at the organization. Then, the DT was applied to develop the proposed ideas. In parallel, a learning environment was created to train employees in DT and its tools. A feedback questionnaire and a retrospective meeting were held with the organization's employees to evaluate the action research. Our results suggest that an intrapreneurship approach and the learning environment proved to be effective within the context studied and managed to reduce resistance to the adoption of DT.
 
 Received: 13 September 2023 / Accepted: 22 December 2023 / Published: 5 January 2024

Analysis of Interest in Using GoPay Electronic Wallet in Students of the Faculty of Economics and Business UPN “Veteran” East Java

The utilization of information technology is crucial in the present day. The advent of original and creative technology-based business ideas, such electronic payment tools that use technical advancements. Gojek is one company that offers electronic wallet services, indicative of this rapid development. Purpose: This research aims to determine the effect of percieved usefulness, perceived ease of use and perceived security on interest in using the GoPay digital wallet on students of the faculty of economics and business of UPN “Veteran” East Java. Patients and methods: The analysis method used is a method test on smart pls Results: perceived usefulness can contribute to interest in using, perceived ease of use can contribute to interest in using and perceived security can contribute to interest in using. Conclusion: Based on the results of this study that the variables of perceived usefullnes, perceived ease of use, perceived security are said to have an effect and are significant to the interest in using the GoPay digital wallet.

MAMMUT idea scanner: From the initial idea to a convincing business model

ABSTRACT The idea scanner MAMMUT is a self-developed web app that encourages people interested in starting a business to think entrepreneurially and professionalize their first start-up idea by asking targeted questions. Potential entrepreneurs are supported from the initial description of the business idea and the development of the business model to validation. The concept of the idea scanner is based on outcomes of the Startup Genome Project. It includes five phases that potential founders must face: General Description, Discovery, Develop Business Model, Validation, and Efficiency. By going through the individual phases in a question-based manner, participants learn about the components of a business model, the relevance of customer centricity and the value proposition, and rapid testing through prototyping in a design thinking format, based on the Lean Startup methodology. They are encouraged to reflect on themselves as potential founders and put their idea to the test. Thus, not only are their entrepreneurship skills tested, but they are also actively encouraged.

СТАРТАП КАК НАЧАЛО ПРЕДПРИНИМАТЕЛЬСКОЙ ДЕЯТЕЛЬНОСТИ МОЛОДЕЖИ: СОЦИАЛЬНО-ЭКОНОМИЧЕСКИЙ АСПЕКТ

In the presented article, the features of preparation, factors and conditions for the implementation of a startup are formulated and the frequent problems of its implementation are indicated. Based on the theoretical research of domestic and foreign researchers, the data of the author’s sociological survey (aerobatic study, 2024, students of 1–4 courses of the Federal State Budgetary Educational Institution of Higher Education KSPEU (n=200)), the attitude of student youth to a startup as the beginning of entrepreneurial activity and business development was studied. The interest of young people in the commercialization of their business ideas was determined and the experience of their participation in the startup competition was noted. Youth interest in startup support programs and measures has been identified. At the same time, the need to further study the conditions that mediate and stagnate the scaling of startup projects and business ideas among young people (including socio-psychological barriers) has been identified, which is an urgent task in the development of youth entrepreneurship in modern conditions.

Speeding Up Student Entrepreneurship: The Role of University Business Idea Incubators

Student entrepreneurship is becoming more relevant for universities throughout the world. Therefore, it is important to analyze the strategies and mechanisms adopted by universities to support student entrepreneurship. In this article, we analyze the mechanisms used by universities to promote student entrepreneurship through University Business Idea Incubators as part of their Third Mission. University Business Idea Incubators can act as preincubators or preaccelerators that are designed to help a growing number of university students from different backgrounds interact and develop their entrepreneurial ideas in a safe and creative environment. In such a context, we performed a cross-case study methodology on a national program that is aimed at creating Italian University Business Idea Incubators. As a result, we have identified the five key features and 12 strategies adopted by University Business Idea Incubators to cultivate student entrepreneurship. The article also presents some examples of successful business ideas developed by students as a result of their participation in University Business Idea Incubators. The obtained results also demonstrate how University Business Idea Incubators foster intellectual capital to sustain the development of an entrepreneurial mindset and competences, with the objective of favoring both the creation of concrete new ideas and of offering new challenge-based learning approaches to university students. We also offer some ideas that could be incorporated in educational policies to support university student entrepreneurship.

ГРАНТИ ПРОГРАМИ «ВЛАСНА СПРАВА» ДЛЯ ПІДТРИМКИ МІКРОПІДПРИЄМНИЦТВА В УКРАЇНІ В УМОВАХ ВІЙНИ

The article examines the possibilities of government grant assistance. The program is "eRobota", namely its component "Own business". It is emphasized that it is focused on micro and small business for its expansion and strengthening, but its grants can also be received by individuals who do not yet have a business, but plan to become an entrepreneur and implement their business ideas. It is noted that any business is the focus of the Program, but there are a number of activities that cannot be supported by a grant, such as: production and sale of weapons, alcoholic beverages, tobacco products, currency exchange, insurance activities, etc. It is noted that the amount of grant funding can reach UAH 250,000 both for individuals and legal entities, as well as for those who are not yet entrepreneurs. The main conditions for obtaining a grant were demonstrated: to create 1–2 jobs, to carry out activities for at least 3 years, to use funds in accordance with the directions provided in the business plan, to pay the necessary taxes and fees to the budget. The list for which the grant funds can be directed is outlined: the purchase of furniture, equipment, raw materials, licensed software, domestic animals and poultry, perennial plantings, seedlings, seed material, materials, goods and services; payment of rent for the use of non-residential premises, a plot of land, which will be used for commercial and industrial purposes, as well as equipment rental and leasing; use of the rights of other business entities in business activities (commercial concession); procurement of marketing and advertising services. It is emphasized that a good business reputation of the applicant is extremely important for receiving a grant. A number of recommendations have been developed to help applicants successfully pass all stages of competitive selection, namely: business reputation check, business plan assessment and interview at the regional employment center. It is concluded that the "Own business" program is relevant for Ukraine as an effective mechanism for stimulating entrepreneurship in the context of maintaining and strengthening the economy in wartime conditions. The socio-economic effect of the implementation of this program is considerable, namely: creation of new jobs and replenishment of the state budget. It was emphasized that, provided that the applicants comply with all the eligibility criteria of the Program and develop a business plan according to the recommendations, the applications have a high chance of being highly evaluated by the tender commission, which makes a decision on providing financing to the projects.

The Role of Design Thinking in Conceptualizing and Validating New Business Ideas

The Role of Design Thinking in Conceptualizing and Validating New Business Ideas

ГРАНТИ ПРОГРАМИ ЄВРОПЕЙСЬКОЇ КОМІСІЇ «ЕРАЗМУС ДЛЯ МОЛОДИХ ПІДПРИЄМЦІВ»

The article discusses the main grant opportunities of the European Commission’s Erasmus for Young Entrepreneurs Program. It has been demonstrated that its support tools are unique for young entrepreneurs who have a desire to develop their own business. Emphasized: as of April 2024, entrepreneurs from 39 countries, including Ukraine, can participate in the program. Emphasis is placed on the fact that the Program helps budding entrepreneurs acquire the necessary skills to launch and successfully develop their business: representatives of SMEs exchange experience and business ideas with experienced entrepreneurs for 1-6 months, for which the Program allocates funding. It is noted that the European Commission partially finances the stay of entrepreneurs in another country. A distinctive feature of the Program has been demonstrated, namely that it is implemented through a network of intermediary organizations in each country, whose task is to implement the Program at the local level, attracting entrepreneurs and helping them to benefit from international exchanges. The advantage of the Program is outlined: a new entrepreneur gets the opportunity to study without breaking away from work in small or medium-sized enterprises of other countries, which will contribute to the effective start of a business or strengthen an existing business; the entrepreneur can also enter new markets, expand international cooperation and find potential partners abroad; the host entrepreneur has the opportunity to get fresh ideas from a motivated newcomer, which can be a beneficial addition to his own competencies. The article states that despite significant prospects for learning from the experience of fellow entrepreneurs, representatives of Ukrainian SMEs do not actively use the opportunities of the Exchange Program. The study demonstrates the performance indicators of Ukrainian entrepreneurs in the Exchange Program since 2020, and demonstrates the main reason why domestic business does not actively use the opportunities of the Erasmus for Young Entrepreneurs Program. Summarized: provided Ukrainian entrepreneurs are more aware of the benefits of the Program, Ukrainian business can feel its significant impact.

CHARACTERISTICS OF MODERN BUSINESS CONSULTING SERVICES IN THE SME SECTOR

In the modern world, particularly in developed and developing countries, business consulting services are an integral part of the business environment. The consulting sector, both directly and indirectly, has a positive impact on the SME sector in terms of creating a business environment and providing an advanced knowledge-based business culture. In the field of business consulting, the main overarching problem at both the strategic, tactical and operational levels is to be guided by a model that will allow to fully highlight the development potential of the business idea, the roadmaps for achieving the set goals and, of course, the possible risks, both in the case of newly founded and existing businesses. Studying the international experience of business planning in the field of SMEs and the approaches used in the market, the traditional, Canvas and One-Page models of business planning have received attention. The above mentioned three models are generally highly efficient, but they have tangible problems from the point of view of consulting support, from the point of view of planning business ideas and ensuring their performance in the market. Taking all that into account, the article presents a new model of business planning developed with mixed solutions in accordance with the characteristics of the SME sector in the form of a scientific innovation.

MODERN FORMS OF SOCIAL PROBLEMS SOLVING (ON THE EXAMPLE OF SOCIAL BUSINESS)

The purpose of the article is to justify social business as a modern form of solving social problems. It is noted that social business arises in the sphere of providing social services. Attention is focused on the very nature of the participation of social businessmen who, through their own activity, satisfy a socially significant demand for certain segments of the population, that is, capable of solving social problems of certain population groups or individuals. It is justified that the idea of modern social business is considered through the historical milestones of its evolution. It is noted that in different periods of society's evolution, the social problems themselves changed, as did their depth for different social groups. The main periods of origin, development and active spread of social business are considered. It is noted that at the first stage, the activities of charitable, volunteer and public organizations in their modern sense were born and gradually spread. Such activities were implemented at the expense of collecting membership fees from citizens or donations from various categories of the population in order to solve a specific social problem. It was determined that the next stage in the development of social business began at the end of the 20th century as a result of the creation of the first social enterprises. It is during this period that the concept of "social business" begins to be used, which takes on the characteristics of a socio-economic phenomenon and is the subject of independent research by scientists. Thus, analyzing the given historical milestones in the development of the phenomenon of social entrepreneurship, two approaches to solving social problems that have arisen in society are highlighted: financial and institutional. It was concluded that the form of solving a social problem should be defined as a method by which a particular type of social problem is mitigated/solved, i.e. providing social services and carrying out social work aimed at supporting the most socially vulnerable categories and persons who find themselves in difficult life circumstances. It is noted that it is appropriate to include social assistance, social protection, and corporate social responsibility of business as a financial form of solving a social problem. Due to the implementation of these forms of solving social problems, societal, group and individual social problems are solved. It is substantiated that under the institutional approach, the solution of social problems is the main type of activity of the relevant business entity and is carried out systematically. In this way, social business acquires such an institutional form that is able to more flexibly contribute to the solution of social problems, that is, social enterprises are formed. The article emphasizes that a social problem is a complex and multidimensional phenomenon that includes many components. General trends in solving social problems in specific countries are concentrated in the principles of social policy formed in it. In addition, social business is essentially an organic component of the social protection system, and therefore an element of the country's social policy. It was concluded that the main differences between the social responsibility of business and social entrepreneurship in solving social problems of society lie in their differences in the very form of solving social problems. For a social business, profit is ensured by solving social problems, which is again reinvested in projects to solve social problems.

Crowdfunding and crowdlending as alternative ways of financing in Ukraine

In the modern conditions of the development of innovative entrepreneurship in Ukraine, there is an important need to use the latest methods of attracting capital. Because of the successful foreign experience, one of the most common methods is crowdfunding and crowdlending. The purpose of the article is to reveal the essence of crowdfunding and crowdlending as modern ways of financing business, analyze the activities of domestic crowdfunding platforms in Ukraine and identify factors that inhibit the development of crowdfunding and crowdlending in Ukraine. Analyzing, systematizing and summarizing the scientific works of many scientists, the article investigated the essence of using crowdfunding and crowdlending as alternative sources of financing business ideas, startups, and projects in Ukraine in the conditions of innovative development of modern technologies. As a result of the study, the main advantages and disadvantages of using these two methods of financing are summarized. The main participants of these financial instruments are defined, the model of the organization of crowdfunding as a method of financing is highlighted, and the role of online platforms, through which funds are raised to finance the projects presented on them, is clarified. The dynamics of the average financing of crowdfunding campaigns on the market of Ukraine and the number of successfully closed crowdfunding campaigns during 2017–2023 were analyzed. The functioning of domestic crowdfunding platforms has been investigated and substantiated. Presented are modern crowdfunding platforms such as «Big Idea», «GoF», «My City» and «RazomGO», which help in financing many projects throughout Ukraine. The «Big Idea» platform is known as one of the leading Ukrainian leaders in the field of crowdfunding, so an analysis of the number of successfully implemented projects on the «Big Idea» platform was carried out. The reasons hindering the progress of modern financing methods in Ukraine have been identified and analyzed, and recommendations for its further development in our country have been proposed. The implementation of the above innovative forms of financing in Ukraine requires the creation of favorable legal regulations, raising public awareness and ensuring the development of reliable specialized platforms.