Py M Es


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Py M Es

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