Entrepreneurship Training Session | Building Successuful Business

CREATING A SUCCESSFUL

BUSINESS

Hammad Siddiqui

http://hammadsiddiquiblog.com

Twitter http://twitter.com/hammads

Why should you become Entrepreneur?

Jobs 10%

90% Karobar

Series1

WHAT IS THE DIFFERENCE IN AN

ENTREPRENEUR AND A BUSINESSMAN

Businessman thinks for today – An entrepreneur has a long term vision

For Businessman incremental growth is good - An entrepreneur focuses on exponential growth

Businessman is cheeky - An entrepreneurs is customer focused

Businessman considers promotion as liability – An entrepreneur thinks it as an investment

WHAT STOPS YOUR FROM

PROGRESSING ?

Breakout session

THE MISSING FACTOR IS -

FOCUSED ACTION

Your Biggest Challenge is to follow ………………

CHANGE IS THE ONLY CONSTANT IN

LIFE!

WHAT IS THE SINGLE BIGGEST

SUCCESS FACTOR?

Single Biggest Success Factor

YOU

THERE ARE DISTRACTIONS!

Dave Thomas

Six Lessons from Steve Jobs Changing you mind is truly a sign

of intelligence Experts are generally clueless Value is not equal to Price Design Counts A-players hire A+ Players Jump to the next curve

LETS TALK ABOUT YOUR SKILLS!

You Need 4 Key Skills

Ability to Innovate (or create) Ability to Implement your

Ideas Ability to Market a product,

service or idea Basic Financial Management

Key Success Factors

Pre Start-up Factors

Post Start-up Factors

Pre Start-up Factors

Strengths Opportunities

Weaknesses Threats

What SWOT Does for you:

A decision making tool that analyses your position in marketplace in comparison with your competitors.

It Takes Account of

Internal Environment • (In your company)

External Environment • (Industry, Economy,

Competition)

Post Start-up Factors

People

Marketing

Accounting

&

Overheads

DeliveryMistakes

Creativity

Documentation

Value your Customer

There are More Choices – Less Time!

Breakout Session

Define your core strategies to value your customer

BE CREATIVE!

Creativity is not about Creating Something new, its about giving a new

experience –

Richard Branson

Be Creative

Group Work

Re Brand your business – Use your Creative Thinking

Your ability to make decisions

You have a retail business. There are two salesmen working with you. Your store is in the main business hub where there are other shops selling similar items.

You are making good sales every month, but when you do your calculations, you find that the business has not been profitable. This is causing problem. You have taken loan to purchase some inventory. Another supplier has provided you inventory on a monthly credit.

You are required to do the following:

1. What are the reasons for not making profits?

2. What needs to be done to improve financial position of your business?

Habitual Change!

Customers are now more responsive to engaging – They like to talk to you!

Social Media Simplified!

Social Media is simply internet

based medium for communication

Social Media is BEYOND Facebook

Social Media Facts – Pakistan

Phenomenal growth in Social Media in Pakistan

151 billion text messages were sent in 2010

Mobile internet users 1.5 million

Youtube Users 6.8 million

Bloggers 3.4 million

Twitter Users 0.5 million

LinkedIn Users 850,000

Facebook users 5.4 million

Internet Users 20 – 22 million

WHO IS THE MOST LIKED PERSON FROM PAKISTAN

ON FACEBOOK

Were 2.8 million Fans – Now 32 million

WHICH IS THE MOST WATCHED YOUTUBE

CHANNEL IN PAKISTAN?

Were 35 million views – Now 40 million

WHICH PAKISTANI INSTITUTION HAS THE TOP

PRESENCE ON SOCIAL MEDIA?

6,500 Videos – 7.1 million views

What to DO?

Recognize the Reality & Adapt the

Change!

Have a Social Media Strategy

Check what your competitors are doing.

Engage your marketing & branding teams.

Open Social Media Channels

Integrate Your Social Media

Build Your Community

Engage Your Community

ہے سیکھنا تو دینکی دینداربیٹھو میں سوحبت

کاروباری تو ہے سیکھنا کاروباربیٹھو میں سوحبت کی

Message

I WISH YOU ALL

BEST OF

LUCK!