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Entrepreneurship Development

Entrepreneurship Development



This is a presentation about Entrepreneurship Development. Why one should be an entrepreneur and what can be key to success.

This is a presentation about Entrepreneurship Development. Why one should be an entrepreneur and what can be key to success.



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    Entrepreneurship Development Entrepreneurship Development Presentation Transcript

    • What is Entrepreneur & Entrepreneurship? An entrepreneur is one who always searches for change, responds to it, and exploits it as an opportunity. Can anyone be an entrepreneur? The answer is no. But with access to capital, minimum education facility and own creativity, many intelligent, energetic youth can be turned into a decent business people. Entrepreneurship is a process of identifying and starting a business venture, sourcing and organizing the required resources and taking both the risks and rewards associated with the venture.
    • Entrepreneurship in Bangladesh Bangladesh, our motherland which is very beautiful country. Its estimated amount of population is 170 million. Our country is a developing country. Around eighty per cent (80%) of our population lives in regional areas and most of them are poor. If this population can effectively be promoted with entrepreneurial skill, they can actively involve themselves in, and contribute towards, the economic development process. It is a must that this collective effort will lead the country to move forward. Necessarily it indicates that to alleviate poverty, exploring the entrepreneurial opportunities is a must. To summarize, economic situation of Bangladesh can not really improve without entrepreneurship efforts.
    • 10 Best Reasons to Be an Entrepreneur
    • 1. Opportunity  Susan Strayer Lamotte, a leader in talent acquisition and HR, says she's motivated simply by "doing great work. That's the difference," she explains. "All the other stuff is gravy, but as an entrepreneur, I can decide what the work is like. What I get to do. And that's the mecca for me." 2. Autonomy  Some entrepreneurs simply want to avoid the daily grind that comes along with a career that isn't selfsustaining. "Fear of failure is what motivates me to keep going. [I'm] scared of going back to corporate and being a robot again." 3. Freedom  Aaron Pitman, president and founder of API Domain Investments, agrees. "Freedom is my driver," he says. "I always wanted to be able to call my own shots, be in charge of my destiny, and have the ability to set my own life."
    • 4. Responsibility to society  For other entrepreneurs, there are bigger societal issues driving their work. "For me, it's also about an alignment of story," says Josh Allan Dykstra, a consultant, author, and speaker. "As entrepreneurs, we are always analyzing the state of the world, examining the larger stories that are playing out on a macro/global level. While we strive to make sense of these big-picture stories, we are also searching for the places our personal strengths and passions can make a larger impact on the world. We make the most difference when we find where the intersection point of the thing that makes us feel alive also lines up with the bigger story, allowing us to improve society in some meaningful way." 5. Impact  Justin Beegel, founder and president of Infographic World, explains: "[I love] knowing every action [I] take truly has a direct impact on the outcome of the business. When you're an employee...what you do has limited impact. When you're running the company, each and every thing you do can make or break it."
    • 6. Family  Ari R. Meisel, an entrepreneur, author, inventor, and triathlete, says what drives him to entrepreneurial work is simple: "[I love] being able to spend as much time with my family as possible." 7. Change  Trace Cohen, founder and president of Launch.it, says what drives him is seeing change. "My current and previous company have all been about providing value to our users to enhance what they are currently doing to either make it better or more efficient." 8. Legacy  Forging a lasting legacy is important for many workers. Both Dave Kerpen, CEO of Likeable Media, and Lewis Howes, lifestyle entrepreneur, noted that leaving a personal legacy is a huge motivator in their decision to do entrepreneurial work.
    • 9. Accomplishment  "That is what truly makes people happy, a sense of accomplishment," says Pablo Palatnik, CEO at ShadesDaddy.com. "That's why I do what I do every day, to accomplish my goals, and that [means] building a successful company." 10. Control  Some entrepreneurs are driven by the sense of security that comes along with being in full control of their work. Joey Ricard says control of his own destiny--"or as some people like to call it, security"-drives his entrepreneurial efforts.
    • Required Functions to be an Entrepreneur Risk-bearing function Decision making function Innovative function Organizational function Managerial function
    • The Three-Legged Stool The “three-legged stool” is a commonly used model to help people understand the importance of taking a balanced approach to economic development. Stability is strengthened when the community holds everything together and a supportive environment is the base upon which the efforts rest.
    • 25 Common Characteristics of Successful Entrepreneurs  Do what you enjoy.  Take what you do seriously.  Plan everything.  Manage money wisely.  Ask for the sale.  Remember it's all about the customer.  Become a shameless self-promoter (without becoming obnoxious).  Project a positive business image.  Get to know your customers.  Level the playing field with technology.
    • 25 Common Characteristics of Successful Entrepreneurs  Build a top-notch business team.  Become known as an expert.  Create a competitive advantage.  Invest in yourself.  Be accessible.  Build a rock-solid reputation.  Sell benefits.  Get involved.  Grab attention.  Master the art of negotiations
    • 25 Common Characteristics of Successful Entrepreneurs  Design Your workspace for success  Get and stay organized  Take time off  Limit the number of hats you wear  Follow-up constantly
    • SWOT Analysis 1. Strength  2. Weakness  3. What is your weakness? Opportunity  4. What is your strength? Which opportunity you have for your business? Threat  What supposed to be your threat?
    • Facilitator of new entrepreneurial era  General awareness  Public mobility  Informed and educated generation  Demonstration Effect  Change in attitude from being an employee to an employer  „Can do it‟ generation.
    • Problems faced by entrepreneurs  Absence of proper policy decision  Lack of proper financial support  Lack of awareness of incentives provided by the government  Lack of campaign about areas of entrepreneurship  Lack of proper training facilities of entrepreneurs  Lack of integrated package assistance/stimulating, support and sustaining activities needed for SMEs.
    • Entrepreneurial Development Cycle
    • Stimulatory  Entrepreneurial education  Publicity for entrepreneurial opportunities  Identification of potential entrepreneurs  Motivational training for new entrepreneurs  Identifying areas of operation  Making available techno-eco information  Organizing entrepreneurial forum
    • Support  Registration of unit with govt. agencies  Arranging finance  Providing utilities, land etc.  Guiding procurement of equipment  Guiding sourcing of raw materials  Granting tax relief  Offering management consultancy  Help marketing products
    • Sustaining  Help modernization  Help expansion through diversification  Additional financing  Facilitating quality testing  Help re-engineer products or services  Help find additional market
    • Upcoming events for the Entrepreneurs
    • Global Entrepreneurship Week (18th-24th Nov)
    • Entrepreneurship & Innovation EXPO 2013
    • Any questions?
    • If you don‟t have any question for me I would like to say THANK YOU for being with me and listening to this presentation.