Our philosophy of operations is to provide a comprehensive education and support to our clients whereby they succeed for long after they exit from our local e8ia affiliate umbrella. National Business Incubation Association statistics indicate 87% survival rate of participants of incubators/accelerators - our goal is to exceed the statistical benchmark by instilling our eight e's of the e8 business paradigm:
Definition of 'Entrepreneurship'
The act and art of being an entrepreneur - one who undertakes innovations or introduces new things, and business models/paradigms - one who has the business acumen and drive to transform ideas/innovations into economic goods/products/services and successfully launch, operate and grow an enterprise.
Definition of 'Enterprise Development'
The creation of new enterprises or the redevelopment or expansion of existing enterprises. The critical success factors of any enterprise development strategy are the viability and execution of the business ideas or strategy behind the enterprise development activity. Enterprise development materializes as any action, movement or activity that creates new or increased business value. The individuals or organizations (incubator/accelerator) that have a stakeholder interest in the result of the enterprise activity are responsible for funding, guiding or supporting the enterprise development activity toward its objective.
Definition of 'Education'
Gaining entrepreneurial savvy through a continuing process which learners are mentored to acquire a broad set of competencies - Providing the knowledge, skills and motivation to encourage entrepreneurial success.
Definition of 'Economic Capital'
The amount of capital that an enterprise needs to ensure that the company stays solvent. Economic capital is calculated internally and is the amount of capital the enterprise requires to support any risks it takes on.
Definition of 'Effective Collaboration'
Collaboration is the interactive dynamic of engaged people, who, when electing to work together, adopt shared behaviors and goals through conversation and interaction, with an objective of driving successful new, emergent, innovative insights and outcomes.
Definition of Entrepreneurial "Efficacy"
Entrepreneurial-efficacy is defined as “an individual’s or enterprise's belief in one’s capability to organize and execute the courses of action required to produce given attainments." We train the four E's of Entrepreneur. 1) Opportunity Efficacy: the capacities to identify and develop new products and market opportunities; 2) Relationship Efficacy: the capacities to build relationships, especially with potential investors and people who are connected to capital sources; 3) Managerial Efficacy: the managerial capacities, especially economic and financial management; 4) Tolerance Efficacy: the capacities to work productively under conditions of stress, pressure, conflict, and change
Definition of Entrepreneurial "Excellence"
The systematic use of quality management principles and tools in business management, with the goal of improving performance based on the principles of customer focus, stakeholder value, and process management. Key practices in business excellence applied across functional areas in an enterprise include continuous and breakthrough improvement, preventative management and management by facts. Some of the tools used are the balanced scorecard, Lean, the Six Sigma statistical tools, process management, and project management.
Definition of Entrepreneurial "Ethics"
Entrepreneurial Ethics is a form of applied ethics or professional ethics that teaches ethical principles and solutions to moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.
