Entrepreneurship a good career choice

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Entrepreneurship - A Good
Career Choice?

What is an
Entrepreneur or who are Entrepreneur ?
Copyright © 2011 - 2013 SBS Consulting All Rights Reserved

 A person who sees opportunity in what others deny
 A person who takes financial risks, to set up a company and
operate 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 market
and customer needs.
 Develop new services and products
 They are spontaneously creative
 Are born smart workers
 Are ready to accept challenges

Entrepreneurship
as a Career
Choice

According to the Global
Entrepreneurship Monitor Report
• Different cultures have different views of being an
entrepreneur as a career choice.
• Wealthier countries such as the UK, US or Japan do not
necessarily see more entrepreneurial opportunities.
• Entrepreneurial opportunities are perceived most in third
world countries like Ghana and Uganda
• Necessity rules desire in less business inclined minds.
• A burning desire to excel as entrepreneur in those with
business inclined minds

Qualities
of an
Entrepreneur

 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
 Passionate

The
reward
and
challenges
of
Entrepreneurship

Rewards Challenges
Being your own boss Fear of failure
Being original Lack of entrepreneurial intentions
Hold on situations and Circumstances More opportunities in government sector in
developed nations
Minimum rules and regulations to be
followed
More opportunities in established
organization in developed nations
Opportunities unlimited Lack of required skills and knowledge
Freedom of choice and time Higher risk involved
Independent working style Financial future unpredictable
Choice of management style Stress involved as compared to working for
an organization
Responsible from scratch to end
Flexibility

To own a successful business, the first step
is to plan a road map
 Executive Summary: Company profile and goals
 Description of the Company: Profile of services offered, how are you
different from other
 Analysis of Market: Researching on your business industry, current
trend in the market and competitors
 Management and Organization: Chalking out best management and
organization plans
 Products or Services: how is it going to benefit the end-user
 Sales and Marketing: Promoting and branding of your products and
services
 Funds: On board Investors or savings
 Mission and Vision: Where you want to see yourself 5 year down the
line

Importance of
business
planning

 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 management
Copyright © 2011 - 2013 SBS Consulting All Rights
Reserved

Congratulations
You have taken the first step towards accomplishing your
dreams.
QUESTIONS?
Email Us: info@sbsgroup.com.sg
Contact us: +65 6728 9142
Thank You

Entrepreneurship a good career choice

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Entrepreneurship a good career choice