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Entrepreneurship a good career choice

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Signs that you could be an entrepreneur

Signs that you could be an entrepreneur

Published in Career , Business , Economy & Finance
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  • 1. AUTHORHTTP://WWW.SBSGROUP.COM.SG/Entrepreneurship - A GoodCareer Choice?
  • 2. What is anEntrepreneur or who are Entrepreneur ?Copyright © 2011 - 2013 SBS Consulting All Rights Reserved
  • 3.  A person who sees opportunity in what others deny A person who takes financial risks, to set up a company andoperate 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 marketand customer needs. Develop new services and products They are spontaneously creative Are born smart workers Are ready to accept challengesCopyright © 2011 - 2013 SBS Consulting All Rights Reserved
  • 4. Copyright © 2011 - 2013 SBS Consulting All Rights ReservedEntrepreneurshipas a CareerChoice
  • 5. According to the GlobalEntrepreneurship Monitor Report• Different cultures have different views of being anentrepreneur as a career choice.• Wealthier countries such as the UK, US or Japan do notnecessarily see more entrepreneurial opportunities.• Entrepreneurial opportunities are perceived most in thirdworld countries like Ghana and Uganda• Necessity rules desire in less business inclined minds.• A burning desire to excel as entrepreneur in those withbusiness inclined mindsCopyright © 2011 - 2013 SBS Consulting All Rights Reserved
  • 6. Qualitiesof anEntrepreneurCopyright © 2011 - 2013 SBS Consulting All Rights Reserved
  • 7.  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 PassionateCopyright © 2011 - 2013 SBS Consulting All Rights Reserved
  • 8. Copyright © 2011 - 2013 SBS Consulting All Rights ReservedTherewardandchallengesofEntrepreneurship
  • 9. Copyright © 2011 - 2013 SBS Consulting All Rights ReservedRewards ChallengesBeing your own boss Fear of failureBeing original Lack of entrepreneurial intentionsHold on situations and Circumstances More opportunities in government sector indeveloped nationsMinimum rules and regulations to befollowedMore opportunities in establishedorganization in developed nationsOpportunities unlimited Lack of required skills and knowledgeFreedom of choice and time Higher risk involvedIndependent working style Financial future unpredictableChoice of management style Stress involved as compared to working foran organizationResponsible from scratch to endFlexibility
  • 10. Copyright © 2011 - 2013 SBS Consulting All Rights Reserved
  • 11. To own a successful business, the first stepis to plan a road map Executive Summary: Company profile and goals Description of the Company: Profile of services offered, how are youdifferent from other Analysis of Market: Researching on your business industry, currenttrend in the market and competitors Management and Organization: Chalking out best management andorganization plans Products or Services: how is it going to benefit the end-user Sales and Marketing: Promoting and branding of your products andservices Funds: On board Investors or savings Mission and Vision: Where you want to see yourself 5 year down thelineCopyright © 2011 - 2013 SBS Consulting All Rights Reserved
  • 12. Importance ofbusinessplanningCopyright © 2011 - 2013 SBS Consulting All Rights Reserved
  • 13.  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 managementCopyright © 2011 - 2013 SBS Consulting All RightsReserved
  • 14. CongratulationsYou have taken the first step towards accomplishing yourdreams.QUESTIONS?Email Us: info@sbsgroup.com.sgContact us: +65 6728 9142Thank You