entrepreneurship - a brief introduction
TRANSCRIPT
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EntrepreneurshipBy: Salman Mehmood
Indus International Institute
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What is Entrepreneurship
• Entrepreneurship is the process of starting a business or other organization.
• The entrepreneur develops a business plan, acquires the human and other required resources, and is fully responsible for its success or failure.
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Some Facts about Entrepreneurship
• According to BizCamp program, funded by the Citi Foundation 91% of the participants indicated they would like to own a business.
• For the first time in 30 years, business closings are outpacing business openings.
• Companies and institutes are investing in students to come up with innovative ideas.
• Citation: "Young People Need to Know Entrepreneurship Is Hard” HBR, by Shawn Osborne, 6th April 2015.
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Journey of Innovation
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Mark Zuckerberg
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• College dorm to 100 $ Billion company• Stock Price 82.80$• 1.39 Active Members• Revenues 12.466$ billion 2014• Subsidiaries:
• Instagram• Whatsapp
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Steve Jobs
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Apple• Garage to 111 $ Billion company• Stock Price 125.6$• Revenues 182.795$ billion 2014
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Pixar
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Pakistani Companies
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Challenges
1 Finding Talent
2 Customer Relationship building
3 Keeping with innovation
4 Creating a great culture
5 Keeping up with Government Regulations
6 Managing Cash flow
7 Getting Funded
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Responses
Responses
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Entrepreneurship Development Forums
• IBA CEE www.ced.iba.edu.pk/ • LUMS ICE www.lce.lums.edu.pk/ • Google Developer Group www.facebook.com/GDGLahore • Plan 9 www.plan9.pitb.gov.pk/ • Coffee Shop Gurus www.facebook.com/CoffeeShopGurus
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QuestionsThank you!