OBJECTIVE OF COURSE

As an encouraged practice the ILFEN® team highly recommends taking the training course to help you better prepare for the actual exam. During the course you will be exposed to material that will be the basis for most of the exam questions. The course can also serve as a refresher for those of you whom have practiced Entrepreneurship before. Either way you will not regret the time and money spent since the course is designed to fully give you the advantage of gaining real world business knowledge thereby helping you increase your chances of success.
 

• Ignite The Entrepreneurial Flame In The Participants
• Provide Tools To Enhance Their Understanding Of Entrepreneurship
• Better Prepare Graduate To Undertake The Entrepreneurial Journey

Skills Gained

ILFEN® course candidates will acquire many skills in Entrepreneurship & Project Management that will help them score higher on the ILFEN® exam. Some of these skills include:

 Entrepreneurial Skills

• Determining an entrepreneurial path
• Confidence in the work place
• Traits of an entrepreneur
• Organizations for entrepreneurs
• Advantages of small businesses
• Innovation, invention & entrepreneurship
• Obstacles to innovation & how to overcome them
• The seven steps of innovation & how to apply them
• The steps to manage a project from idea to reality

 Project Management Skills

• How to plan & start a small business project
• How to formulate a company’s vision, mission & objectives
• Market research to plan a successful strategy
• Forms of ownership & types of businesses
• How to design a comprehensive business plan
• How to develop a successful marketing plan
• How to prepare an effective financial plan
• How to form & manage a high performance team
• How to raise funds among angel investors, venture capitalists & financiers
• How to take advantage of modern technology & trends in achieving a successful project
• Executing a virtual project
• Mastering ILFEN® business planning software

Upon successful completion of the preparation course for the license the student will be able to:

• Define the role of the Entrepreneur in business
• Describe the entrepreneurial profile & evaluate potential as an Entrepreneur
• Describe the advantages and disadvantages of entrepreneurship
• Explain the forces that are driving the growth of entrepreneurship
• Describe the important role small businesses play in the world economy
• Describe the causes of small business failures & explain how small business owners can avoid them
• Create a strategic plan using the ten steps in the strategic planning process
• Describe the factors on which a small business can build a competitive edge in the marketplace: customer focus, quality, convenience, innovation, service & speed
• Discuss the “four Ps” of marketing—product, place, price &promotion—& their role in building a successful marketing strategy
• Explain why “going global” has become an integral part of many small companies’ strategies