| |
Colorama team
See exactly how it works!-our project in images
03/04/2010
|
|
| |
|
|
| |
|
|
| |
| Resources On Entrepreneurship |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
 |
|
 |
Feedback
What do you think we can do in order to improve the project?
Last modification: 03/03 at 10:16
Here is the section where you can come up with your own ideas. Any suggestion will be taken into consideration, so please don't be shy! Tell us what you think we can do in order to make this project better and better and better....
We count on your contributions!
| |
|
|
| 5 Posted by: Raluca Buzea, 03/09 08:07 |
Wow!
Lots of thanks, Deni, for spending all this time giving us suggestions on the project! We read it carefully and we are now revising our SWOT analysis according to your observations. |
|
| |
|
|
| 4 Posted by: Deni, 03/05 23:22 |
The idea is definitely good, here also a ted talk with a somewhat similar idea (the core is similar) http://www.ted.com/talks/lang/eng/jacqueline_novogratz_a_third_way_to_think_about_aid.html
there are however some things which need to be improved:
first, I believe there are several types of wanna be entrepreneurs of which only some can become entrepreneurs. The problem is that entrepreneurs are very weird people and difficult to get into programs. There is a risk that you will have a lot of people sign up who dream about being an entrepreneur, but have no idea and no skill for that. So you waste resources teaching them how to do a business plan, and then they get a diploma, eat some cookies and thats it.
What you need is to attract the people who have an idea (good or bad), have already a business plan (good or bad), have the balls and the determination to attempt to turn it into reality but need capital. Sure, they will need to work over their business plan again to improve it and will have to change their idea maybe, but the core of the project is that they get capital. The consultancy they get is actually just an insurance for SG, that its credits entail less risk. But if the 3 elements aren't there from the start the consultancy from SG wont do.
Then I am wondering whether the employees of SG do have the necessary know how. It is somewhat different to market SG with shiploads of money in the budget and to market a start up. maybe they do, maybe they dont, i dont know
The last point of strenghts and weakness is PR talk, and just that. It is just like fighting global warming by planting 20 trees in a park. I would cut that. The project brings the benefit of having some startups which will eventually create some work places and make some money go round in the economy. It will not change the economical environment. The economic environment changes when SG goes bankrupt. But it is not necessary to change the economical environment, having 15 working startups after 2 years is a big enough thing
What about this: it is reasonable that SG will get a part of the businesses in shares or whatever. It will be a smaller part than usual, because it is CSR , but still. In 2 years it can sell out for 3 times the money, cover the loss of those startups that will not succeed and be able to reinvest and thus you have sustainability.
Another benefit: considering the insight from organizational behavior that when employees get attention they work harder, it is likely that those employees who will participate in the project will be more motivated in their workplace.
Will the employees be frustrated because they help young people fulfill their dreams and build companies they will sell for 10 mil $ in 10 years, while they themselves will still be working in a cubicle and put up with an asshole boss?
How and who will evaluate the startups that will get the money? Very important.
How will you evaluate the commitment and motivation of the participants who will be financed. will you continuously evaluate this aspect and make it count when you hand out the money? for starting a business you need to be able to put up with not eating for a few days because your business is not yet working, and put in the very last bit of your energy to make it work.
What other psychological aspects will you monitor and make them count in your decision?
Will the participants get all the money for their startup, just a part of it, how much? This is important because if you invest all your savings in your company you are likely to be motivated to work harder.
with opportunities you have: it makes use of more hr than money. Hr is money, and credits for 100.000 $ is money too. the last point in opportunities states the same thing, but much better, so I would keep that
the first one is not a threat i believe. a threat is when the economy has another shock and the startups all die, another threat is the entrepreneurs get sick because of too much stress, and the biggest threat is the startups go bankrupt because the idea was not good , then there is the threat that one of the entrepreneurs does some tax evasion because he is a greedy bastard and you see headlines "SG involved in Tax Evasion".
a strength is that SG can have a part in the new startups which eventually means profits to be used again for the campaign => sustainability
an opportunity is that in eastern europe there are hordes of great people with great ideas who have no capital to start their idea
what about SG also gives them some office space for the first 6 months and lets them use some facilities, like phone, etc. This is super important because in the beginning you pay a lot of rent for office space and you dont produce anything. Working from home for a startup is a guarantee for disaster
you need a concept for what happens when the startup fails and people have to pay back the loan from their pocket. Plan to fail is plan to succeed. Bankers like it when you think of what happens when things go wrong. Talk to an expert in loans and ask him about the possibilities of how to pay the loan back in such a way as not to deter entrepreneurs from attending the problem. It is a risk for them too. If you work your ass off for one year and then end up having debts of 50.000 $ that is a problem and you need to know beforehand what options you will have, besides suicide. plus it makes a good impression for SG if you show you actually know your finance 101.
|
|
| |
|
|
| 3 Posted by: dragos, 03/03 23:46 |
For the long run the project neads a dedicated team of consultants.
A good idea would be to involve other partners in the process: universities, well established antreprenors, NGOs activationg in this area, SG clients ..... |
|
| |
|
|
| 2 Posted by: Ruxandra Oancea, 03/03 18:28 |
|
Marga you touched a very good point! However we took this into consideration and one important step in our project is the internal communication. You will see as soon as we will publish the detailed strategy on this wikiblog. Keep an eys on us and please let us about any remark that you might have! |
|
| |
|
|
| 1 Posted by: Marga, 03/03 17:31 |
|
I am thinking that every young entrepreneur will be interested in this project and will be highly motivated to get involved, just because it exists :) and it is a way to start up his own business. But SG employees will need more motivation in order to get involved in this project because is not about them. I feel that the project needs some special actions that targets only SG employees in order to get them highly motivated to get involved and make a good job :) |
|
|
|
 |
Welcome to the Colorama wikiblog!
Thanks for your visit and your interest to our CITIZEN ACT.
Name: Colorama
Team members: Nona Beicu, Raluca Buzea, Ruxandra Oancea
Country: Roumanie
School: SNSPA
Coach: Cosmin BAIU
Theme: Sustainable finance
 See their school website
|
 |
|
The project Step by Step
Posted by: Ruxandra Oancea
03/04 at 14:33
Take a look at the new info we added. Now you can better understand the strategy behind our project! We are waiting for your feedback! Cheers!
Imagine what you could do
Posted by: Ruxandra Oancea
03/03 at 14:15
Take a look at the new section ,,Creative and bold ideas". Enjoy!
Our survey
Posted by: Ruxandra Oancea
03/01 at 10:14
Please take 5 minutes of your valuable time to answer to our survey! It will help us improve! Thank you!
A jar full of start up dreams
Posted by: Ruxandra Oancea
03/01 at 09:33
Check out Maria's start up dream! Such a cool and innovative one:)
Entrepreneurship is a Form of Social Responsibility
Posted by: Ruxandra Oancea
02/27 at 19:41
Take some time to watch the first video in the ,,Resources on entrepreneurship" section. You will better understand:
- why our idea stands for a real CSR cause
- which are the benefits of our project, as they might not be so obvious at a first glance.
|
|
|