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Entrepreneur Challenge

Entrepreneurs traditionally take risks to maximize on the return on their investments

Entrepreneurs traditionally take risks to maximize on the return on their investments

Entrepreneur Challenge

by Paul Inns
Entrepreneur Challenge
Entrepreneur Challenge
Entrepreneur Challenge

What is it about?

Entrepreneurs traditionally take risks to maximize on the return on their investments.

Entrepreneur Challenge

App Details

Version
1.0
Rating
NA
Size
24Mb
Genre
Business
Last updated
June 13, 2017
Release date
June 13, 2017
More info

App Store Description

Entrepreneurs traditionally take risks to maximize on the return on their investments.

Unnecessary, unforeseen and miscalculated risks however, can rapidly halt the progress of the

venture and result in serious financial loss. Timing is everything. The Entrepreneur

Challenge App provides a pocket guide for project-managing the evolution of a successful

venture and progressively identifying exposures and risks that can adversely impact the future

success of the business. By completing the surveys for each of the key sectors of the business,

entrepreneurs can risk profile key operations and gauge their level of entrepreneurial

maturity. This metric is called the Entrepreneur Maturity Factor (EMF) and computes an

estimate for successfully achieving the business objectives for each of the main operations

within the enterprise. The Main Menu of the App consolidates the operations screens and

provides an overall estimate for the whole venture. The higher the EMF is, the better.
The Entrepreneur Challenge App further provides an informative list of consequences

triggered by negative responses to each of the survey questions. By initiating risk mitigation

strategies to address the consequences highlighted in the App, entrepreneurs and business

owners can periodically re-assess how action plans, once implemented, can improve risk

profiles and increase the EMF of the business. An improvement in the overall Enterprise Risk

Profile and increased EMF will provide greater assurance to the business owner that business

operations are more efficient and resilient with a stronger emphasis on operational and

financial control. Through continuous improvement, a greater opportunity presents itself for

achieving business objectives in line with the five-year strategic plan. A more detailed analysis

by an expert or consultant may be necessary to provide specific, qualified, and independent

advice supplemented by a program of activity to fully achieve the objectives for realizing

benefits as set out in the business plan.

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