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Developing Entrepreneurial skills

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Developing Entrepreneurial skills

  1. 1. Developing Entrepreneurial Skills in the Kingdom of Saudi Arabia By Dr. Nabil Shalaby Manager, Entrepreneurship & SMEs Development Center www.chamber.org.sa Nov. 18, 2008
  2. 2. Small and Medium Enterprises Development Center SMEDEC To be the essential body for Vision supporting Entrepreneurs and SMEs development in KSA Providing high quality Mission services to enhance the competitiveness of SMEs www.chamber.org.sa www.smedec.org.sa
  3. 3. Activities Administration Technical Consulting Consulting Diagnosis of Information Enterprises Services Training & Technology Workshops Transfer Marketing www.chamber.org.sa Services Networking Publications
  4. 4. Consultancy More than 3500 consulting services (2002-2008) Finance Marketing Adminstration New Business Tenders www.chamber.org.sa Legal Advice Innovations Technology Others 0 100 200 300 400
  5. 5. Entrepreneurship Development Program (EDP) Don’t give me a fish, but teach me how to fish. A Chinese old proverb Don’t give me a fish, but teach me how to start and operate a “ fish farm”. www.chamber.org.sa Nabil Shalaby
  6. 6. Entrepreneurship Development Program (EDP) Contents Before you start. Differentiate business opportunities. Prepare your feasibility study. Financial and Accounting Issues. Marketing Issues. Legal and Laws. www.chamber.org.sa Developing personal skills. Franchising. Business Plan.
  7. 7. Characteristics of Successful Entrepreneurs An eye for opportunity Many entrepreneurs start by finding a need and quickly satisfying it. Independence Even though most entrepreneurs know how to work within the framework for the sake of profits, they enjoy being their own boss. An appetite for hard work Most entrepreneurs start out working long, hard hours with little pay. Self-confidence Entrepreneurs must demonstrate extreme self-confidence in order to cope with all the risks of operating their own business. www.chamber.org.sa Discipline Successful entrepreneurs resist the temptation to do what is unimportant or the easiest but have the ability to think through to what is the most essential.
  8. 8. Characteristics of Successful Entrepreneurs Judgment Successful entrepreneurs have the ability to think quickly and make a wise decision. Ability to accept change The entrepreneur thrives on changes and their businesses grow. Make stress work for them On the roller coaster to business success the entrepreneur often copes by focusing on the end result and not the process of getting there. Need to achieve Although they keep an quot;eyequot; on profits, this is often secondary to the drive toward www.chamber.org.sa personal success. Focus on profits Successful entrepreneurs always have the profit margin in sight and know that their business success is measured by profits.
  9. 9. EDP- Personal Skills Development • Self Assessment of Entrepreneurial Characteristics • Strategic Thinking and Planning • Communication Skills • Presentation Skills • Time Management • Problem Solving and Decision Making www.chamber.org.sa • Negotiation Skills
  10. 10. ‫مقارنة السمات الشخصية للخزيجين‬ www.chamber.org.sa 0 1 2 3 4 5 www.chamber.org.sa
  11. 11. ‫مقارنة السمات الشخصية لكل من الذكور واإلناث‬ ‫‪www.chamber.org.sa‬‬ ‫‪www.chamber.org.sa‬‬
  12. 12. www.chamber.org.sa EDP - 1st Group
  13. 13. www.chamber.org.sa EDP - 2nd Group
  14. 14. www.chamber.org.sa EDP - 3rd Group
  15. 15. www.chamber.org.sa EDP - 4th Group
  16. 16. www.chamber.org.sa EDP - 5th Group
  17. 17. www.chamber.org.sa EDP - 6th Group
  18. 18. EDP - 7th Group (Only Tourism Ideas) www.chamber.org.sa
  19. 19. Trainees Business Plans www.chamber.org.sa www.chamber.org.sa
  20. 20. www.chamber.org.sa www.chamber.org.sa
  21. 21. Field Visits www.chamber.org.sa www.chamber.org.sa
  22. 22. Field Visits www.chamber.org.sa www.chamber.org.sa
  23. 23. Gender of Graduates Females 22 % www.chamber.org.sa Males 78 % www.chamber.org.sa
  24. 24. Age of Graduates 18-25 Years 17 % 36-45 Years 17 % 26-35 Years 66 % www.chamber.org.sa www.chamber.org.sa
  25. 25. Education Qualification M.Sc. & Ph.D. 6% Secondary 30 % University 64 % www.chamber.org.sa www.chamber.org.sa
  26. 26. Business Sectors Trading Manufacturing 31 % 18 % Service 37 % www.chamber.org.sa Contracting 18 % www.chamber.org.sa
  27. 27. EDP - Success Stories www.chamber.org.sa
  28. 28. EDP - Success Stories www.chamber.org.sa
  29. 29. Fostering Entrepreneurship www.chamber.org.sa
  30. 30. Fostering Entrepreneurship www.chamber.org.sa
  31. 31. www.chamber.org.sa Thank You

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