Module 4 Overview, Objectives, and Outcomes-2

Overview - Chapters 8 and 9

Included in Module  4 are two chapters that cover developing your network and team, as well as learning about creating revenue streams for your business. Developing a strong team and building a network of supporters, mentors etc. are critical building blocks to business and life success. Thinking about how a business will generate money is equally important. Whether you are working on a for profit or nonprofit business, generating income is what will allow you to sustain and grow your business. Testing different revenue streams is very important to see which revenue streams are most viable.

Learning Objectives & Outcomes - Chapters 8-9

Successful completion of Module 4 will enable you to:

8.1 Explain the role of networks in building social capital.

8.2 Demonstrate the value of networks for entrepreneurs.

8.3 Describe different ways of building networks.

8.4 Illustrate the benefits of virtual networking.

8.5 Explain how networking can help to build the founding team.

9.1 Define a revenue model and distinguish it from the business model.

9.2 Illustrate the 10 most popular revenue models being used by entrepreneurs.

9.3 Explain how companies generate revenue by profiting from “free.”

9.4 Identify the drivers that affect revenue as well as cost.

9.5 Identify different strategies entrepreneurs use when pricing their product or service.

9.6 Explain different methods of calculating price.

The Module 4 learning objectives are aligned with the following course outcomes 3, 4, 7, 12, and 13.