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<ul><li>Not  small business management </li></ul><ul><li>Not  just startups </li></ul><ul><li>Not  just for-profit firms <...
<ul><li>Developing an idea  </li></ul><ul><li>Applying creativity </li></ul><ul><li>Initiating and innovating </li></ul><u...
<ul><li>take control of his future </li></ul><ul><li>self employed </li></ul><ul><li>compete with themselves </li></ul><ul...
<ul><li>strong motivation </li></ul><ul><li>excitement </li></ul><ul><li>desire for fame </li></ul><ul><li>wish to inspire...
<ul><li>Identifying </li></ul><ul><li>Opportunity </li></ul>Developing  Plan Assemble Team Funding & Support <ul><li>Gener...
<ul><li>The success formula </li></ul>
<ul><li>Everyone should be…  </li></ul><ul><ul><li>- a team player </li></ul></ul><ul><ul><li>- a hard worker </li></ul></...
<ul><li>Fundamental issues: </li></ul><ul><ul><li>- Who is the market? What are their needs? </li></ul></ul><ul><ul><li>- ...
<ul><li>Goods </li></ul><ul><li>Cash </li></ul><ul><li>Network </li></ul>
<ul><li>Be organized </li></ul><ul><li>Effective </li></ul><ul><li>Professional </li></ul>
 
<ul><li>selling to the wrong people. </li></ul><ul><li>spending too much money. </li></ul><ul><li>spending too little mone...
<ul><li>uncertainty of having a regular income </li></ul><ul><li>loss risks in self invested money </li></ul><ul><li>getti...
<ul><li>Dhirubhai Ambani Ajim Premji </li></ul><ul><li>Ratan Tata  Vijay Maallya </li></ul><ul><li>Subroto Roy Shobhana Bh...
<ul><li>One of the fastest growing economies </li></ul><ul><li>Huge pool of technically skilled workforce </li></ul><ul><l...
<ul><li>Poor  governmental support </li></ul><ul><li>Poor  working culture </li></ul><ul><li>Poor business ethics </li></u...
<ul><li>World Entrepreneurship Week –UK </li></ul><ul><li>Entrepreneurship Week –USA </li></ul><ul><li>- internet based ca...
<ul><li>The skills embodied in entrepreneurship are really life skills—some would say survivor skills—required in  today’s...
 
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Entrepreneurship

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Transcript of "Entrepreneurship"

  1. 4. <ul><li>Not small business management </li></ul><ul><li>Not just startups </li></ul><ul><li>Not just for-profit firms </li></ul><ul><li>Is the act of creating a new and </li></ul><ul><li>innovative enterprise </li></ul>
  2. 5. <ul><li>Developing an idea </li></ul><ul><li>Applying creativity </li></ul><ul><li>Initiating and innovating </li></ul><ul><li>Creating a new value </li></ul><ul><li>“ It’s a way to think, a way to learn </li></ul><ul><li>and a way to succeed” </li></ul>
  3. 6. <ul><li>take control of his future </li></ul><ul><li>self employed </li></ul><ul><li>compete with themselves </li></ul><ul><li>believe success/failure lies in their control </li></ul>
  4. 7. <ul><li>strong motivation </li></ul><ul><li>excitement </li></ul><ul><li>desire for fame </li></ul><ul><li>wish to inspire and develop </li></ul><ul><li>vision </li></ul>
  5. 8. <ul><li>Identifying </li></ul><ul><li>Opportunity </li></ul>Developing Plan Assemble Team Funding & Support <ul><li>General market research </li></ul><ul><li>Segment research </li></ul><ul><li>Pricing models </li></ul><ul><li>Competitive research </li></ul><ul><li>Financial models </li></ul><ul><li>Business plans </li></ul><ul><li>Attract and retain the best talent </li></ul><ul><li>Complimentary skills and personalities </li></ul><ul><li>Term sheets </li></ul><ul><li>Make sure you have more than enough resources to pursue vision </li></ul>
  6. 9. <ul><li>The success formula </li></ul>
  7. 10. <ul><li>Everyone should be… </li></ul><ul><ul><li>- a team player </li></ul></ul><ul><ul><li>- a hard worker </li></ul></ul><ul><ul><li>- curious </li></ul></ul><ul><ul><li>- flexible </li></ul></ul><ul><ul><li>- good at listening </li></ul></ul><ul><li>Need to have… </li></ul><ul><ul><li>- creative people </li></ul></ul><ul><ul><li>- managers </li></ul></ul><ul><ul><li>- domain experts </li></ul></ul>
  8. 11. <ul><li>Fundamental issues: </li></ul><ul><ul><li>- Who is the market? What are their needs? </li></ul></ul><ul><ul><li>- How does your product meet these needs? </li></ul></ul><ul><ul><li>- How much can you expect them to pay? </li></ul></ul><ul><ul><li>- What is the long term strategy? </li></ul></ul><ul><ul><li>- Who are your competitors ? How are you better? </li></ul></ul>
  9. 12. <ul><li>Goods </li></ul><ul><li>Cash </li></ul><ul><li>Network </li></ul>
  10. 13. <ul><li>Be organized </li></ul><ul><li>Effective </li></ul><ul><li>Professional </li></ul>
  11. 15. <ul><li>selling to the wrong people. </li></ul><ul><li>spending too much money. </li></ul><ul><li>spending too little money. </li></ul><ul><li>putting on a fake front. </li></ul><ul><li>going against your intuition. </li></ul>
  12. 16. <ul><li>uncertainty of having a regular income </li></ul><ul><li>loss risks in self invested money </li></ul><ul><li>getting out of business </li></ul>
  13. 17. <ul><li>Dhirubhai Ambani Ajim Premji </li></ul><ul><li>Ratan Tata Vijay Maallya </li></ul><ul><li>Subroto Roy Shobhana Bhartia </li></ul><ul><li>Verghese Kurien Dr. Pratap Reddy </li></ul><ul><li>Subhas Chandra L.N. Mittal </li></ul>
  14. 18. <ul><li>One of the fastest growing economies </li></ul><ul><li>Huge pool of technically skilled workforce </li></ul><ul><li>Cheap cost of labor </li></ul><ul><li>Large increase in disposable incomes </li></ul>
  15. 19. <ul><li>Poor governmental support </li></ul><ul><li>Poor working culture </li></ul><ul><li>Poor business ethics </li></ul><ul><li>Lack of infrastrucure </li></ul>
  16. 20. <ul><li>World Entrepreneurship Week –UK </li></ul><ul><li>Entrepreneurship Week –USA </li></ul><ul><li>- internet based campaign </li></ul><ul><li>- encourage enterprise in youth to seize overlooked opportunities. </li></ul><ul><li>Lunar Boom Town – Wikiversity </li></ul><ul><li>- collaborating students with designing and revising business models </li></ul>
  17. 21. <ul><li>The skills embodied in entrepreneurship are really life skills—some would say survivor skills—required in today’s global, hypercompetitive world. </li></ul>
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