entrepreneurship a good 4027335
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ENTREPRENEURSHIPTRANSCRIPT
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Entrepreneurship - A Good Career Choice?
What is an Entrepreneur or who are Entrepreneur ?
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A person who sees opportunity in what others deny
A person who takes financial risks, to set up a company and operate a business
Is a leader with strong management and team building skills
An innovator of new ideas and business processes
Has a long-term vision and good understanding of market and customer needs.
Develop new services and products
They are spontaneously creative
Are born smart workers
Are ready to accept challenges
Copyright © 2011 - 2013 SBS Consulting All Rights Reserved
Copyright © 2011 - 2013 SBS Consulting All Rights Reserved
Entrepreneurship as a Career Choice
According to the Global Entrepreneurship Monitor Report
• Different cultures have different views of being an entrepreneur as a career choice.
• Wealthier countries such as the UK, US or Japan do not necessarily see more entrepreneurial opportunities.
• Entrepreneurial opportunities are perceived most in third world countries like Ghana and Uganda
• Necessity rules desire in less business inclined minds.
• A burning desire to excel as entrepreneur in those with business inclined minds
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Qualities
of an
Entrepreneur
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Self starter and open minded Highly motivated and self confident Initiative taker and Visionary Determined Leader Optimistic and Risk taker Money wise Self promoter Team player and independent worker at a same time Accessible and communicative Gets involved A master negotiator Organized and desciplined Task master Hard worker and a smart worker Competitive and Creative Strong people skill and work ethics Passionate
Copyright © 2011 - 2013 SBS Consulting All Rights Reserved
Copyright © 2011 - 2013 SBS Consulting All Rights Reserved
The reward and challenges of Entrepreneurship
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Rewards Challenges
Being your own boss Fear of failure
Being original Lack of entrepreneurial intentions
Hold on situations and Circumstances More opportunities in government sector in
developed nations
Minimum rules and regulations to be
followed
More opportunities in established
organization in developed nations
Opportunities unlimited Lack of required skills and knowledge
Freedom of choice and time Higher risk involved
Independent working style Financial future unpredictable
Choice of management style Stress involved as compared to working for
an organization
Responsible from scratch to end
Flexibility
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To own a successful business, the first step
is to plan a road map
Executive Summary: Company profile and goals Description of the Company: Profile of services offered, how are you
different from other Analysis of Market: Researching on your business industry, current
trend in the market and competitors Management and Organization: Chalking out best management and
organization plans Products or Services: how is it going to benefit the end-user Sales and Marketing: Promoting and branding of your products and
services Funds: On board Investors or savings Mission and Vision: Where you want to see yourself 5 year down the
line
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Importance of business planning
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Clarity of Direction
Establishment of goals
Vision of the Future
Attracts investors and finances
Attract Team members and resources
Efficient utilization of resources
More productive time
Management becomes easier
Streamlined Organization
Ability of risk management
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Congratulations You have taken the first step towards accomplishing your dreams.
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