“If you don’t know where you are going, any road will get you there.”

 

Nils Hermann-an entrepreneurImage from Germany who decided to share his knowledge with the Haitian entrepreneurs through Haiti Entrepreneurship Camp 2014.

In his sessions, he taught them the importance of and how to develop a vision and a mission statements to better define their business models, and to be able to set up strategic plans. To him, “If you don’t know where you are going, any road will get you there.”

 Emphasizing the importance of knowing the strong and weak spots and the environment of a business, Nils introduced the participants to the SWOT Analysis. And the participants had the chance to transfer it into their own business ideas.

The second day, he started with a discussion on the Business Model Canvas, focusing on different Revenue Models. Bringing the learning of the both days together, the participants had the chance to use the Canvas for their own Business Models and improving them with the findings from their SWOT Analysis.

In the final session, Nils shows how to set up a road map with Milestone to successfully start their own business.

 

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