ENTREPRENEURSHIP

PRESENTED BY: HAMZA RAO

OVERVIEW
 What is an entrepreneur?

 Characteristics of an entrepreneur

 Planning to be an entrepreneur

 Growth pressures, managing a family business, and

corporate intrapreneurship
WHO ARE ENTREPRENEURS?
Common traits

 Original thinkers

 Risk takers

 Take responsibility for own actions

 Feel competent and capable

 Set high goals and enjoy working toward them

SUCCESSFUL ENTREPRENEURS
 Creative and Innovative

 Position themselves in shifting or new markets

 Create new products

 Create new processes

 Create new delivery

UNSUCCESSFUL ENTREPRENEURS
 Poor Managers

 Low work ethic

 Inefficient

 Failure to plan and prepare

 Poor money managers

POTENTIAL OF ENTREPRENEURSHIP
ENTREPRENEURS V.
INTRAPRENEURS

 Entrepreneurs are people that notice opportunities and

take the initiative to mobilize resources to make new
goods and services.
 Intrapreneurs also notice opportunities and take initiative
to mobilize resources, however they work in large
companies and contribute to the innovation of the firm.
 Intrapreneurs often become entrepreneurs.
MOTIVATION TO PURSUE
ENTREPRENEURSHIP
 Money

 Flexibility

 Control

 Legacy

 Teamwork
IMPORTANCE OF PLANNING
 Statistics suggest that around 80% startups fail. The 20%
that survive are differentiated on the basis of strong
planning
 Strong Planning is crucial for growth and viability of any
business
 Consider worst possible scenario and plan accordingly to
succeed in life
TECH ENTREPRENEURSHIP
AND DIGITAL MEDIUM
 Tech startups are the norm of future
 Have a look at Amazon, Careem, Uber, Google, Microsoft
 These companies started from a scratch and many of them
without any physical assets
 Unique models
THE THREE LEGGED STOOL
COLLECTIVE VISIONING

 What might be possible in your region related to

entrepreneurship?

 What can build on past or current accomplishments within

the region?
CAPITAL

 Investment is a “given” for success

 Different sources fit different needs

 Regional approach may have new opportunities

 ENVIRONMENT
 Human, financial, and physical infrastructure

 Supportive climate that engages and celebrates

entrepreneurs

 Positive citizen and community attitudes

 Open and creative community leadership that

encourages and nurtures emerging leaders
NETWORKING
Informal gatherings of entrepreneurs to share experiences
and information

 Facilitate, but don’t lead

 Networks should be “by and for” entrepreneurs
 MENTORING

 Entrepreneur mentors and coaches are about connecting

entrepreneurs with the right people at the right time.
 Mentors are almost always peers that have experience
with entrepreneurship in the same or related sector.
 Mentors are most often paired with a single person or a
few individuals to provide assistance regarding all aspects
of the business
TRAINING AND TECHNICAL
ASSISTANCE
National
 Small Business Administration
 Small Business Development Centers

State/Local
 State/Local Economic Development Agencies
 Business Incubators/Accelerators
 Microbusiness Development Organizations

University
 Small Business Colleges
 ‘Cashing in on Business’
YOUTH ENTREPRENEURSHIP
PROGRAMS
 Why it is important?
 Filling the pipeline with potential businesses
 Creating a culture that values self-employment
 Fostering innovation
 What can be done?
 In-school programs
 After-school programs
IMPORTANCE OF
ENTREPRENEURSHIP
 Changes the way we live
 Creates jobs improving the economy
 Social Change
 Community Development
 New business, more competition and better products
SO PLAN A BUSINESS, FIND GOOD
PARTNERS AND GIVE IT
YOUR BEST