Entrepreneurship - A brief Introduction
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A brief Introduction to entrepreneurship. (pictures, illustrations, logos, and text is only used for the educational purpose only).
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Traits like risk-taking, creativity, and faith will continue driving entrepreneurship globally. Governments and institutions now better support entrepreneurship. Future entrepreneurs may face obstacles like global competition, regulatory changes, and balancing projects with personnel. Key challenges will include raising capital, dealing with economic conditions, developing marketing plans, and managing cash flow while building a business with limited resources. Governments now form institutes to provide financial and educational support for entrepreneurship.
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Entrepreneurship - A brief Introduction
- 1. Entrepreneurship By: Salman Mehmood Indus International Institute
- 2. What is Entrepreneurship • Entrepreneurship is the process of starting a business or other organization. • The entrepreneur develops a business plan, acquires the human and other required resources, and is fully responsible for its success or failure.
- 3. Some Facts about Entrepreneurship • According to BizCamp program, funded by the Citi Foundation 91% of the participants indicated they would like to own a business. • For the first time in 30 years, business closings are outpacing business openings. • Companies and institutes are investing in students to come up with innovative ideas. • Citation: "Young People Need to Know Entrepreneurship Is Hard” HBR, by Shawn Osborne, 6th April 2015.
- 6. Facebook • College dorm to 100 $ Billion company • Stock Price 82.80$ • 1.39 Active Members • Revenues 12.466$ billion 2014 • Subsidiaries: • Instagram • Whatsapp
- 7. Steve Jobs
- 8. Apple • Garage to 111 $ Billion company • Stock Price 125.6$ • Revenues 182.795$ billion 2014
- 9. Pixar
- 11. Challenges 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 1 Finding Talent 2 Customer Relationship building 3 Keeping with innovation 4 Creating a great culture 5 Keeping up with Government Regulations 6 Managing Cash flow 7 Getting Funded Responses Responses
- 12. Entrepreneurship Development Forums • IBA CEE www.ced.iba.edu.pk/ • LUMS ICE www.lce.lums.edu.pk/ • Google Developer Group www.facebook.com/GDGLahore • Plan 9 www.plan9.pitb.gov.pk/ • Coffee Shop Gurus www.facebook.com/CoffeeShopGurus