Entrepreneurship a Good 4027335

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Entrepreneurship - A Good Career Choice?

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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



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


Qualities

of an

Entrepreneur


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



The reward and challenges of Entrepreneurship


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


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


Importance of business planning


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


Congratulations You have taken the first step towards accomplishing your dreams.

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Entrepreneurship a Good 4027335