Factors which are important for development of SME

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Factors which are important for development of SME

  1. 1. Entrepreneurship and Important Factors for the Development of Small Business<br />Presented by Group 6<br />
  2. 2. Content<br />What is Entrepreneurship?<br />Important Factors for the Development of Small Business<br />
  3. 3. Thank you so much !<br />What is Entrepreneurship?<br />
  4. 4. Entrepreneurship<br />
  5. 5. Entrepreneurship<br />Act of being entrepreneur<br />Define as a process <br />Searching out opportunities in the market place <br />Arranging resources required to exploit these opportunities for long term gains<br />Planning, organizing and assuming<br />
  6. 6. Entrepreneurship<br />
  7. 7. Aspects of Entrepreneurship<br />Identification of market opportunity <br />Generation of new business idea<br />Risk taking<br />Creation of business organization<br />Creative and innovative skill<br />
  8. 8. Advantages of Entrepreneurship<br />Freely<br />Self satisfaction<br />Increase income and self-esteem<br />Set own work schedule and control own fate<br />Full use of skills<br />Become a leader in the community<br />
  9. 9. Disadvantages of Entrepreneurship<br />Potential loss of income<br />Long and irregular working hours<br />Take fully responsibility <br />Stress<br />Time away from family and friends<br />Risk of financial and business failure<br />Emotional energy<br />Necessity for strong self-discipline<br />
  10. 10. Thank you so much !<br />IMPORTANT Factors for Small business Development<br />
  11. 11. Small Business<br />Make important contributions to economic and social development.<br />Not only create job opportunities but also play a wider role in social, economic and political development.<br />Major engine of growth in production.<br />
  12. 12. Factors<br />
  13. 13. Policy<br />Government’s policy encourage small business to engage in legitimate activity. <br />Other official policies for small business development can be evaluated against their impact upon start-up, survival and growth of small business.<br />
  14. 14. Economics<br />Change constantly and providingopportunities for new businesses.<br />Encourage a high rate of business start up and survival.<br />As the example, <br />Exchange rate <br />Banking system<br />Taxation<br />Privatization<br />
  15. 15. Education<br />Reward individual as well as collective initiative and innovation in all its citizens.<br />Lack empathy with small business will be difficult for the small business. <br />Important step towards the creation of such a culture lies in education.<br />
  16. 16. Social<br />Professions and large corporation sector lack empathy with small business, then it will be difficult for the sector to survive and grow<br />
  17. 17. Infrastructure<br />Can make small business to startup and grow<br />Not enough infrastructure can increase cost and be afraid to continue<br />
  18. 18. Which Institution can provide?<br />Many business related institutions in Myanmar such as UMFCCI etc.<br />Organizations and associations need to help the small business<br />Related ministry should provide the help to them. <br />
  19. 19. Thank you so much !<br />Thank You So Much<br />
  20. 20. Thank you so much !<br />Q & A Section<br />

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