Entrepreneurship Training Session | Building Successuful Business

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Entrepreneurship Training Session | How to build successful business. Creativity, Financial Management, Idea implementation

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Entrepreneurship Training Session | Building Successuful Business

  1. 1. Hammad Siddiqui http://hammadsiddiquiblog.comTwitter http://twitter.com/hammads
  2. 2. Why should you becomeEntrepreneur? Jobs 10% 90% Karobar
  3. 3.  Businessman thinks for today – An entrepreneur has a long term vision For Businessman incremental growth is good - An entrepreneur focuses on exponential growth Businessman is cheeky - An entrepreneurs is customer focused Businessman considers promotion as liability – An entrepreneur thinks it as an investment
  4. 4. Breakout session
  5. 5. FOCUSED ACTION
  6. 6. Your Biggest Challenge is tofollow ………………
  7. 7. Single Biggest Success Factor
  8. 8. Dave Thomas
  9. 9. Six Lessons from SteveJobs Changing you mind is truly a sign of intelligence Experts are generally clueless Value is not equal to Price Design Counts A-players hire A+ Players Jump to the next curve
  10. 10. You Need 4 Key Skills Ability to Innovate (or create) Ability to Implement your Ideas Ability to Market a product, service or idea Basic Financial Management
  11. 11. Key Success Factors Pre Start- Post Start- up Factors up Factors
  12. 12. Pre Start-up Factors
  13. 13. What SWOT Does for you: A decision making tool that analyses your position in marketplace in comparison with your competitors.
  14. 14. It Takes Account ofInternal Environment External Environment• (In your company) • (Industry, Economy, Comp etition)
  15. 15. Post Start-up Factors People Documentati on Marketing Accounting Creativit & y Overheads Mistake Deliver s y
  16. 16. There are More Choices – LessTime!
  17. 17. Breakout Session Define your core strategies to value your customer
  18. 18. Creativity is not about CreatingSomething new, its about giving a new experience – Richard Branson
  19. 19. Be Creative
  20. 20. Group WorkRe Brand yourbusiness – Useyour CreativeThinking
  21. 21. You have a retail business. There are two salesmen working with you. Your store is in the main business hub where there are other shops selling similar items. You are making good sales every month, but when you do your calculations, you find that the business has not been profitable. This is causing problem. You have taken loan to purchase some inventory. Another supplier has provided you inventory on a monthly credit.You are required to do the following:1. What are the reasons for not making profits?2. What needs to be done to improve financial position of your business?
  22. 22. Habitual Change!Customers are now more responsive toengaging – They like to talk to you!
  23. 23. Social Media Simplified! Social Media is simply internetbased medium for communication
  24. 24. Social Media is BEYOND Facebook
  25. 25. Social Media Facts – Pakistan Internet Users 20 – 22 million Facebook users 5.4 million LinkedIn Users 850,000 Twitter Users 0.5 million Bloggers 3.4 million Youtube Users 6.8 million Mobile internet users 1.5 million 151 billion text messages were sent in 2010 Phenomenal growth in Social Media in Pakistan
  26. 26. Were 2.8 million Fans – Now 32million
  27. 27. Were 35 million views – Now 40 million
  28. 28. 6,500 Videos – 7.1 millionviews
  29. 29. What to DO?
  30. 30. Recognize theReality & Adapt the Change!
  31. 31. Have a Social Media Strategy
  32. 32. Check what your competitors are doing.
  33. 33. Engage your marketing &branding teams.
  34. 34. Open Social Media Channels
  35. 35. Integrate Your Social Media
  36. 36. Build Your Community
  37. 37. Engage Your Community
  38. 38. Message

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