Entrepreneur .ppt by fahad iqbal


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Entrepreneur .ppt by fahad iqbal

  1. 2. Group Members <ul><li>Fahad Iqbal </li></ul><ul><li>Waqar-ud-din Siddiqui </li></ul><ul><li>Muhammad Shoaib </li></ul><ul><li>Yasin </li></ul>
  2. 3. Entrepreneur
  3. 4. Entrepreneurship Entrepreneur Land Labor capital organization 4 factors of production New venture
  4. 5. Types of Entrepreneur <ul><li>Necessity Entrepreneur </li></ul><ul><li>They are the entrepreneurs who works for invention only when there is a need. </li></ul><ul><li>Opportunistic entrepreneurs </li></ul><ul><li>These are the entrepreneur who are always looking for the opportunity whether there is a need of invention or not. </li></ul>
  5. 6. Eras of Entrepreneur’s definitions <ul><li>Earliest period </li></ul><ul><li>Middle ages </li></ul><ul><li>17 th century </li></ul><ul><li>18 th century </li></ul><ul><li>19 th & 20 th century </li></ul><ul><li>Present age </li></ul>
  6. 7. 17 th century <ul><li>Undertakers </li></ul><ul><li>Contractors </li></ul><ul><li>Examples: </li></ul><ul><li>soldiers of fortune, </li></ul><ul><li>adventurers, </li></ul><ul><li>builders, </li></ul><ul><li>merchants </li></ul><ul><li>funeral directors </li></ul>
  7. 8. 18 th century <ul><li>Richards Cotillion </li></ul><ul><li>gave definition </li></ul>Entrepreneur Government Contracts
  8. 9. 19 th & 20 th Century <ul><li>Entrepreneur = Manager </li></ul>planning controlling analyzing interpreting
  9. 10. Present Era <ul><li>Economist’s view </li></ul><ul><li>Psychologist view </li></ul>
  10. 11. Inventor and Innovator <ul><li>Inventor </li></ul><ul><li>is a person creates </li></ul><ul><li>new thing. </li></ul>Innovator is a person who brings something new in business
  11. 12. Characteristics of Successful Entrepreneur
  12. 13. Characteristics of Successful Entrepreneur Entrepreneu r Determination & Persistence Motivation to succeed No daunted by failure Passion Spot and take advantage of opportunities Relevant skills and expertise Vision, creativity and innovation Risk taker
  13. 14. Path followed by Entrepreneur
  14. 15. Famous Entrepreneurs
  15. 16. Bill Gates 1955 <ul><li>By linking his Microsoft software to IBM's first PCs, he dominated the industry . </li></ul><ul><li>He developed a two-prong strategy of expanding the market while maintaining a strong hold on competitors. </li></ul>
  16. 17. Michael Dell 1965 <ul><li>Created a new model for PC sales </li></ul><ul><li>Cutting out the retail middleman and custom-building computers to suit buyer‘s needs put Dell at the front of the class of PC makers. </li></ul>
  17. 18. Tom Anderson & Chris DeWolfe <ul><li>Founders of MySpace.com </li></ul><ul><li>Registering 160,000 people per day with no marketing. </li></ul><ul><li>As of September 2007, there are over 200 million accounts. </li></ul>
  18. 19. Oprah Winfrey1954 <ul><li>Oprah Winfrey turned her name into one of the most successful and respected brands in the world. </li></ul><ul><li>Leveraged that fame into other interests: magazines, Web sites, film and television production and Social Entrepreneurship . </li></ul>
  19. 20. Muhammad Yunus 1940 <ul><li>Founded a banking system 30 years ago </li></ul><ul><li>To lend small amounts of money to the rural poor in Bangladeshi villages . </li></ul><ul><li>2006 Nobel Peace Prize winner , </li></ul>
  20. 21. Chad Hurley, 29, Steve Chen, 28 & Jawed Karim, 27 <ul><li>Founders of YouTube </li></ul><ul><li>Broadcasts 100 million short videos daily on myriad subjects </li></ul><ul><li>Sold to Google </li></ul>
  21. 22. Jake Kloberdanz, 24 <ul><li>Launched Hope Wine , a winery that gives 50% of the profits from sales of its wines to charity . </li></ul><ul><li>Hope Wine is available in about 100 locations . </li></ul><ul><li>Hope has donated $20,000 to charity since launching, and he estimates revenues of $3 million to $5 million in 2008. </li></ul>
  22. 23. Max Durovic, 24 & Michael Kenny, 23 <ul><li>This duo started their own business, Aarrow Advertising, with $100 </li></ul><ul><li>Employs 40 full-timers and 460 part-timers who range between 16 and 25 years old </li></ul><ul><li>Had $2.3 million in sales in 2006 and projects $4.2 million this year. </li></ul>
  23. 24. Ashutosh Gupta, 19 <ul><li>Owner of Gupta Financial Consulting </li></ul><ul><li>Has clients with revenues between $200,000 and $3.3 million </li></ul><ul><li>Estimates his business will have revenues between $150,000 and $300,000 this year </li></ul>
  24. 25. Sarah Schupp, 25 <ul><li>Founder of University Parent Media which produces visitor/information guides for parents of college students </li></ul><ul><li>Expects around </li></ul><ul><li>$800,000 in </li></ul><ul><li>revenues in 2007. </li></ul>
  25. 26. 1930, Harland Sanders <ul><li>Opened Sanders </li></ul><ul><li>Court & Cafe in the front room of a gas station. </li></ul><ul><li>Colonel Sanders began franchising in 1952. </li></ul><ul><li>Awarded the first franchise to Pete Harman in Salt Lak City, Utah. </li></ul>
  26. 27. Dick and Mac The business began in 1940, with a restaurant opened by brothers Dick and Mac McDonald in San Bernardino, California. Their introduction of the &quot;Speedee Service System&quot; in 1948 established the principles of the modern fast-food restaurant. The original mascot of McDonald's was a man with a chef's hat on top of a hamburger shaped head whose name was &quot;Speedee.
  27. 28. Bryan Sims, 24 <ul><li>Founder of Brass Media , a magazine with a mission to make money relevant to young people. </li></ul><ul><li>Magazine now has about 450,000 readers. </li></ul>
  28. 29. How to be a successful Entrepreneur?
  29. 30. <ul><li>“ To be a Successful Entrepreneur , an Entrepreneur should have some basic qualities in his personality.” </li></ul><ul><li>These are: </li></ul>
  30. 31. Entrepreneur should be: Self-confident and optimistic Able to take calculated risk Respond positively to changes Flexible and able to adapt Knowledgeable of markets Able to get along well with others Independent minded Energetic and diligent Creative, need to achieve Dynamic Leader Responsive to suggestions Take initiatives Resourceful and persevering Perceptive with foresight
  31. 32. Role of Entrepreneur in Economy Better Standard of living Creation of employment New product in market New ideas bring huge changes Money circulation Develop new market Mobilize capital resources New technology Discover new source of material
  32. 33. Future of Entrepreneur