Py M Es
Upcoming SlideShare
Loading in...5

Like this? Share it with your network


Py M Es






Total Views
Views on SlideShare
Embed Views



1 Embed 2 2



Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
Post Comment
Edit your comment

Py M Es Presentation Transcript

  • 1. Edwin R. Cuevas Rivera 802-03-1853 INTD 3355 Prof. Liz Pagán Entrepreneurship in SMEs.
  • 2. Introduction
    • Entrepreneur – someone who has new ideas and takes full responsibility for his action.
    • Focus on innovation:
        • New products (Velcro)
        • Current products (World Wide Web)
    • SMEs – Small and medium enterprises
    • Help to create new employment opportunities
  • 3. Entrepreneur
    • Visionary, connecting the need into something useful:
        • In the house
        • On the job
        • Economic situation
        • Local community
    • Example: A man while removing cockleburs (cadillos) from pants. Noticed how they did not damage his pants, he invisioned a material that could have this same effect. This lead to studies for a span of nine years producing what is known as Velcro 1 .
    1. Romaguera, J. (2006). Chispa Empresarial: Reconociendo y haciendo realidad las oportunidades empresariales. Puerto Rico: International Entrepreneurship Institute.
  • 4. Entrepeneur
    • Example: People who have used the Web which already existed and created services of there own.
        • Shawn Fanning – Napster
        • Sergey Brin and Larry Page –
    • It is estimated that 61% of U.S. Colleges and Universities have at least one course in entrepreneurship. (Bygrave,2004)
    • Many books know at days discuss the step by step process of being an entrepreneur and how to create your own SMEs.
  • 5. SMEs
    • In the U.S.A a small and medium enterprise
    • is that which has less than 500 employees.
    • But in Puerto Rico they defined as those having
    • less than $5,000,000 anual sales.
    • The SMEs have produced approximately 837,000
    • jobs in Puerto Rico.
  • 6. SMEs in Puerto Rico
    • The CUD 1 is proposing a law that will give the SMEs government incentives, as jsut it those to the industrial sector. (Díaz,2008)
    • MCS 2 has created a medical insurance coverage exclusively for the SMEs. (González,2007)
    • CCE 3 will work to grant or deny any SMEs permit, that is not in need of any public trial,in just 30 days.
    • Centro Unido de Detallistas
    • Medical Card Systems
    • Compañía de Comercio y Exportación
  • 7. SMEs in Puerto Rico
    • In a ratio of 8/10 SMEs fail within the first 5 years.
        • 50% are bankrupt in the 1 st year
        • 90% are bankrupt before there 5 th year
    • Some of the causes are:
        • Lack of information
        • Low production
        • Unplanned growth process
        • Over saturation of the market
        • Technological advances, etc.
  • 8. Methodology
    • The main source of the information was secondary data:
        • Library books
        • Newspaper archives
        • Old notebooks
        • Books used in past courses
    • As well as Internet searches to refresh my memory.
  • 9. Conclusion
    • During the research process I found:
        • Hundreds of book from the 1960’s – today.
        • Many books state basically the same information, some more indepth.
        • The information about entrepreneurship courses is true, since in ADEM they have a certificate on Entrepreneurship
        • To me the set back is the time, since this is a extensive process and there are a lot of stages to get the feeling on the subject.
        • But this was a subject that I feel comfortable with and when you learn about it, it drags you in.
  • 10. Suggestion
    • Before starting your business make a business plan spanning five years, and stick to it. After those five years make a new one and so on.
  • 11. References
    • Bannock, G. (2005). The Economics and Management of Small Business . London; New York: Routledge.
    • Bygrave, W., & Zacharakis, A. (2004). The portable MBA in entrepreneurship .Chicago: Irwin.
    • Díaz, M. (2003, agosto 1). Agilidad en la tramitación de permisos para Pymes. El Nuevo Día , Retrieved April 29, 2008, from
    • Díaz, M. (2008, abril 22). Buscan crear permiso global para las pymes. El Nuevo Día , Retrieved April 29, 2008, from http ://
    • Díaz, M. (2008, enero 4). Beneficios para las pymes. El Nuevo Día , Retrieved April 29, 2008, from http ://
  • 12. References
    • Feliciano, J. (2008, marzo 17). Las pequeñas empresas necesitan su impulso. El Nuevo Día , Retrieved April 29, 2008, from http ://
    • González, J. (2007, noviembre 11). Alternativa de seguro para las Pymes. El Nuevo Día , Retrieved April 29, 2008, from http ://
    • Lobato, M. (1997). La necesidad de la sociología económica: una interpretación de las políticas de promoción y ayuda a pequeñas empresas. Puerto Rico: Recinto Universitario de Río Piedras.
    • Megginson, L., Byrd, M., & Megginson, W. (2006). Small Business Management: An Entrepreneur’s Guidebook . Boston: McGraw-Hill/Irwin.
    • Romaguera, J. (2006). Chispa Empresarial: Reconociendo y haciendo realidad las oportunidades empresariales . Puerto Rico: International Entrepreneurship Institute.