Lecture 1 - Introduction to Technopreneurship

7/31/2019 Lecture 1 - Introduction to Technopreneurship

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COMP 315 -

TECHNOPRENEURSHIPMr. Alvin R. Malicdem

Instructor


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HOW GREAT WE ARE?HOW GREAT WE ARE?


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Are they anyAre they any

businessbusinessopportunitiesopportunities

from thisfrom this

scenery?scenery?


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How many business should beHow many business should be

established to have all this stuffs insideestablished to have all this stuffs insideour kitchen?our kitchen?


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How about this messy room?How about this messy room?


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How about communication industry?How about communication industry?


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How about airlines industry?How about airlines industry?


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WHY WE NEED ANWHY WE NEED AN

ENTREPRENEUR?ENTREPRENEUR?

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Identify how many ofIdentify how many of Business items (we have to pay).Business items (we have to pay).

Non-business items (free of charge)Non-business items (free of charge)

Inside this lecture room???Inside this lecture room???

Percentage???Percentage???

% =% = Business items non-business itemsBusiness items non-business itemsx 100%x 100%

Business itemsBusiness items

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What Can You See, Looking Beyond ?


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SMALL BUSINESS

is a business that is privately owned andoperated, with a small number of employeesand relatively low volume of sales.(Wikipedia)

Generally, it has insufficient resources todominate its field of business.(F. Fajardo)

Small businesses are normally privatelyowned corporations, partnerships, or soleproprietorships


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SMALL BUSINESS

Corporation - a company recognized by lawas a single body with its own powers andliabilities, separate from those of theindividual members.

Partnership - a company set up by two ormore people who put money into the businessand share the financial risks and profits.

Sole proprietorship - a business owned by

one person.


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SMALL BUSINESS

The legal definition of "small" varies bycountry and by industry

In US, fewer than 500 employees formanufacturing businesses and less than $7million for non manufacturing.

In EUROPE, has under 50 employees

In AUSTRALIA, fewer than 15 employees

Small businesses are usually not dominant intheir field of operation.


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SMALL BUSINESS

Small businesses are common in manycountries, depending on the economic systemin operationConvenience stores

Bakeries

Hairdressers


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SMALLEST BUSINESS

often located in private homes, are calledmicrobusinesses (term used by internationalorganizations such as the World Bank and theInternational Finance Corporation)

common colloquial expression for a single-family operated business with few (or no)employees other than the owners


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SMALLEST BUSINESS

American and European under 10employees

the term Very Small Business is now beingused to refer to businesses that are thesmallest of the smallest, such as thoseoperated completely by one person or by 1-3employees.


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STRENGTHS OF SMALL BUSINESS

can be started at a very low cost and on apart-time basis

well suited to internet marketing because itcan easily serve specialized niches

proprietors tend to be intimate with theircustomers and clients which results in greateraccountability and maturity.


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Independence is another advantage of owninga small business. One survey of smallbusiness owners showed that 38% of thosewho left their jobs at other companies said

their main reason for leaving was that theywanted to be their own bosses.

Freedom to operate independently is a rewardfor small business owners


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However, entrepreneurs have to work verylong hours and understand that ultimatelytheir customers are their bosses


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WEAKNESS OF SMALL BUSINESS

Small businesses often face a variety ofproblems related to their size

A frequent cause of bankruptcy isundercapitalization

In the United States, some of the largestconcerns of small business owners areinsurance costs (such as liability and health),rising energy costs and taxes.


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small business owners tend to be moreconcerned with excessive governmental redtape

Another problem for many small businesses istermed the 'Entrepreneurial Myth' or E-Myth. The mythic assumption is that anexpert in a given technical field will also beexpert at running that kind of business


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Still another problem for many smallbusinesses is the capacity of much largerbusinesses to influence or sometimesdetermine their chances for success.


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End of Lecture. Any questions?

Documents

Lecture 1 - Introduction to Technopreneurship