1 / 12

ENTREPRENEURSHIP

ENTREPRENEURSHIP . Lecture No: 3 Resource Person: Malik Jawad Saboor Assistant Professor Department of Management Sciences COMSATS Institute of Information Technology Islamabad. Previous Lecture Review. Define the term entrepreneur Describe the entrepreneurial profile .

cheryl
Download Presentation

ENTREPRENEURSHIP

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. ENTREPRENEURSHIP Lecture No: 3 Resource Person: Malik JawadSaboor Assistant Professor Department of Management Sciences COMSATS Institute of Information Technology Islamabad.

  2. Previous Lecture Review • Define the term entrepreneur • Describe the entrepreneurial profile. • Describe the benefits of entrepreneurship. • Describe the drawbacks of entrepreneurship.

  3. Objectives Explain the forces that are driving the growth of entrepreneurship. Explain the cultural diversity of entrepreneurship. Put failure into proper perspective. Avoiding the Pitfalls of Small Business Failure.

  4. Feeding the Entrepreneurial Fire • Entrepreneurs as heroes • Entrepreneurial education • Demographic and economic factors • Shift to a service economy

  5. Feeding the Entrepreneurial Fire • Technological advancements • Independent lifestyles • E-commerce and the World Wide Web • International opportunities

  6. The Cultural Diversity of Entrepreneurship • Young entrepreneurs • Women entrepreneurs • Minority-owned enterprises • Immigrant entrepreneurs • Part-time entrepreneurs

  7. The Cultural Diversity of Entrepreneurship • Home-based businesses • Family businesses • Copreneurs • Corporate castoffs • Corporate dropouts

  8. Deadly Mistakes of Entrepreneurship • Management mistakes • Lack of experience • Poor financial control • Weak marketing efforts • Failure to develop a strategic plan

  9. Ten Deadly Mistakes of Entrepreneurship • Uncontrolled growth • Poor location • Improper inventory control • Incorrect pricing • Inability to make the “entrepreneurial transition”

  10. Putting Failure into Perspective • Entrepreneurs are not paralyzed by the prospect of failure. • Failure – a natural part of the creative process. • Successful entrepreneurs learn to fail intelligently.

  11. Avoiding the Pitfalls of Small Business Failure • Know your business in depth • Develop a solid business plan • Manage financial resources • Understand financial statements • Learn to manage people effectively • Keep in tune with yourself

  12. Lecture Review Explain the forces that are driving the growth of entrepreneurship. Explain the cultural diversity of entrepreneurship. Put failure into proper perspective. Avoiding the Pitfalls of Small Business Failure. Reference: Essentials of Entrepreneurship & Small Business Management, Zimmer, Scarborough &Wilson, 5th Edition

More Related