Lesson 4: SEED MODEL

SEED Model

It is a comprehensive framework that stands for Self-Mastery, Environmental Mastery, Enterprise Mastery, and Development of a Business Plan

SEED Model

It guides aspiring technopreneurs in understanding not only the technical and operational aspects of building a business but also the personal and environmental factors that influence entrepreneurial success.

Self-Mastery, Environmental Mastery, Enterprise Mastery, and Development of a Business Plan

SEED MODEL stands for

Self-Mastery

Such individuals can shift between roles—performer, epicure, and boss—depending on what the business situation requires.

Self-Mastery

They are also "whole-brained," able to balance logical thinking with creativity, making them flexible and adaptable leaders

Environmental Mastery

This mastery focuses on recognizing opportunities in the surrounding environment. It involves being aware of trends, crises, serendipitous events, and other external factors that may lead to viable business ideas.

Enterprise Mastery

is about the practical side of running a business. It covers the essential business disciplines

Essential Business Disciplines

Marketing, Operations, Financial Management, Risk Management

Marketing, Operations, Financial Management, Risk Management

Essential Business Disciplines

Marketing

Making a promise to the market

Operations

Keeping that promise through delivery

Financial Management

Controlling costs, pricing smartly to prevent easy replication.

Risk Management

Taking calculated risks based on informed assumptions

Enterprise Mastery

A person with enterprise mastery can manage various aspects of a business and integrate management functions (marketing, HR, operations, finance) with processes (planning, organizing, directing, controlling). They also aim to lead and inspire, rather than just manage.

Development of Business Plan

ensures that the entrepreneur has a clear vision and practical steps for achieving it. It also helps in decision-making, attracting investors, and guiding the business through growth and challenges.

Development of Business Plan

This part focuses on the creation and refinement of a business plan, which serves as a roadmap for the venture

Writing the Plan

Structuring it like a book with a title page, table of contents, and detailed sections

Key sections of development of business plan

Executive Summary, Mission, Goals, Objectives, Background Information, Organizational Matters, Marketing Plan, Financial Plan

Executive Summary

Overview of the business and proposed direction.

Mission, Goals, Objectives

Why the business exists and what it aims to achieve (using SMART goals)

Background Information

Industry trends and research

Organizational Matters

Legal structure, team members, and risk mitigation strategies

Marketing Plan

Target market, sales strategy, competitive analysis, and SWOT (Strengths, Weaknesses, Opportunities, Threats)

Financial Plan

Projections, budgeting, capital requirements, and funding strategies

SEED Model

develops the technopreneur holistically—from mastering the self and the environment to managing a business and creating a well-thought-out plan. It emphasizes both personal development and strategic business planning, making it a powerful tool for sustainable entrepreneurship