[Idea’s Challenge]Creating Entrepreneurs for Tomorrow

Qambrani Shoaib Anwer ( DBA – BBA Finance )

What is Entrepreneurship

Entrepreneurship Today

Economic ChangesGlobalization and Increased CompetitionTechnologyNew Opportunities and Market niches

Entrepreneurial Companies

Job CreationInnovationDiversity

Why Entrepreneurs are Unique ?

Personal Traits

Five key success factors for entrepreneurs

1 •Maintain focus on your mission

2 •Trust your gut

3 •Be flexible but persistent

4 •Rely on your team

5 •Enjoy the journey

Starting a Entrepreneurial Firm

Family business

To control my future

To be my own Boss

To Fulfill a Dream

Downsized/Laid off

0 5 10 15 20 25 30 35 40 45

Reasons for Starting a Business

In depth understanding of indus-try/profession

Market Niche Spotted

Brainstorming

Copying Someone Else

Hobby

Other

0 5 10 15 20 25 30 35 40

Source of New Business Ideas

Starting a Entrepreneurial Firm

Starting a Entrepreneurial Firm

The Business Plan

Legal Forms

Financial Resources

Business Incubator

Starting a Entrepreneurial Firm

Business Model, Go-to-Market Strategy and key Risks

Business Model

• Trading practices, Infrastructure, Operational processes and policies, Strategies.

Go-to-Market Strategy

• How will your target customers find out what you are offering (Product/Service).

Key Risks

• Indicate Key risks to your business and the mitigation strategies for the same.

Stages of Growth

Young Mature

Large

Small

Com

pany

S

ize

Start up

SurvivalSuccess

Resource

maturity

Take

off

Thank You&

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