Entrepreneurship- a good career choice

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Entrepreneurship - A Good Career Choice?

• Author
• http//www.sbsgroup.com.sg/

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• What is anEntrepreneur or who are Entrepreneur ?
  

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• A person who sees opportunity in what others deny
  
• A person who takes financial risks, to set up a
  company and operate a business
• Is a leader with strong management and team
  building skills
• An innovator of new ideas and business processes
• Has a long-term vision and good understanding of
  market and customer needs.
• Develop new services and products
• They are spontaneously creative
• Are born smart workers
• Are ready to accept challenges

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Entrepreneurship as a Career Choice
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According to the Global Entrepreneurship
Monitor Report

• Different cultures have different views of being
  an entrepreneur as a career choice.
• Wealthier countries such as the UK, US or Japan
  do not necessarily see more entrepreneurial
  opportunities.
• Entrepreneurial opportunities are perceived most
  in third world countries like Ghana and Uganda
• Necessity rules desire in less business inclined
  minds.
• A burning desire to excel as entrepreneur in
  those with business inclined minds

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• Qualities
• of an
• Entrepreneur

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• Self starter and open minded
• Highly motivated and self confident
• Initiative taker and Visionary
• Determined Leader
• Optimistic and Risk taker
• Money wise
• Self promoter
• Team player and independent worker at a same time
• Accessible and communicative
• Gets involved
• A master negotiator
• Organized and desciplined
• Task master
• Hard worker and a smart worker
• Competitive and Creative
• Strong people skill and work ethics
• Passionate

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The reward
and
challenges
of
Entrepreneurship
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Rewards Challenges
Being your own boss Fear of failure
Being original Lack of entrepreneurial intentions
Hold on situations and Circumstances More opportunities in government sector in developed nations
Minimum rules and regulations to be followed More opportunities in established organization in developed nations
Opportunities unlimited Lack of required skills and knowledge
Freedom of choice and time Higher risk involved
Independent working style Financial future unpredictable
Choice of management style Stress involved as compared to working for an organization
Responsible from scratch to end
Flexibility
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• 
  The
• elements of
• 
  business
• planning

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To own a successful business, the first step is
to plan a road map

• Executive Summary Company profile and goals
• Description of the Company Profile of services
  offered, how are you different from other
• Analysis of Market Researching on your business
  industry, current trend in the market and
  competitors
• Management and Organization Chalking out best
  management and organization plans
• Products or Services how is it going to benefit
  the end-user
• Sales and Marketing Promoting and branding of
  your products and services
• Funds On board Investors or savings
• Mission and Vision Where you want to see
  yourself 5 year down the line

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• Importance of business planning

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• Clarity of Direction
• Establishment of goals
• Vision of the Future
• Attracts investors and finances
• Attract Team members and resources
• Efficient utilization of resources
• More productive time
• Management becomes easier
• Streamlined Organization
• Ability of risk management

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• 
  Congratulations
• You have taken the first step
  towards accomplishing your
• 
  dreams.
• 
  QUESTIONS?
• Email Us info_at_sbsgroup.com.sg
• Contact us 65 6728 9142
• Thank You