Chapter 1 :

1.0 INTRODUCTION

1.1 Origin of the Report

This report has been prepared as a partial requirement of BBA program.

We make a career plan for a successful Entrepreneur. Career planning is a challenge for all
RIM professionals. We intend to depend on my attorney to handle all aspects of setting up the
corporation and maintaining proper career planning. The report on “career plan of a
successful Entrepreneur ” was initiated as part of the BBA Program, which is a BBA
Degree requirement of the ASA University Bangladesh (ASAUB). The report is being
submitted to the Tahmina Ferdous.
 1.2 OBJECTIVE

1.2.1. Primary Objective

The main objective of the report is to determine about career plan of a successful
Entrepreneur.

1.2.2 Secondary Objective

• To know about the career planning step.
• To know about the career segmentation style.
• To identify the problem and weakness of the career planning.

1.3 METHODOLOGY

1.3.1 Primary Source of Information

 Discussion with officials of corporate office and successful entrepreneur.

1.3.2 Secondary Sources of Data

• Relevant paper and published documents

• other published information.

• Some textbooks.

• Internet.

1.4 LIMITATIONS

• Information at the corporate and professional level is confidential & critical

• The findings are not statistically validated.

• Limitation of time was one of the most important factors that shortened the present
study.
Rush hours and business was another reason that acts as an obstacle while gathering data.
Chapter: 2

2.0 Literature Review :

The word career covers all types of employment ranging from semi-skilled through skilled,
and semi professional to professional. The term career has often been restricted to suggest an
employment commitment to a single trade skill, profession or business firm for the entire
working life of a person. In recent years, however, career now refers to changes or
modifications in employment during the foreseeable future.

There are many definitions by management scholars of the stages in the managerial process.
The following classification system with minor variations is widely used:

1. Development of overall goals and objectives,

2. Development of a strategy (a general means to accomplish the selected
goals/objectives),
3. Development of the specific means (policies, rules, procedures and activities) to
implement the strategy, and
4. Systematic evaluation of the progress toward the achievement of the selected
goalsl/objectives to modify the strategy, if necessary.

Career Planning:
Career planning is a subset of career management. Career planning applies the concepts of
Strategic planning and Marketing to taking charge of one's professional future.
A Definition of Entrepreneurship:

The concept of entrepreneurship has a wide range of meanings. On the one extreme an
entrepreneur is a person of very high aptitude who pioneers change, possessing
characteristics found in only a very small fraction of the population. On the other extreme of
definitions, anyone who wants to work for him self or her self is considered to be an
entrepreneur.

The word entrepreneur originates from the French word, entreprendre, which means "to
undertake." In a business context, it means to start a business. The Merriam-Webster
Dictionary presents the definition of an entrepreneur as one who organizes, manages, and
assumes the risks of a business or enterprise.

Career planning is the way to make success in a particular field of person’s occupation. It is
very interesting to analyze the scheme that most of the richest people followed once. It also
means that only irrational people are trying to convince the rest in the inefficiency of
counting on time and efforts to be made. One should take it into consideration that the more
one plans, the more one thrives. It is a principle that is proved logically and practically as
well. Look at the examples of outstanding people. It is no secret that the most successful and
richest people are those who can provide time and energy management. In fact, management
is the main field of their occupation. They are constantly obliged to make things go well.
Otherwise, the rivals would take their positions in the market or in the society up. Warren
Buffet, Bill Gates, Steve Jobs, Mel Gibson are all good planners. Mind the great chances to
go over a higher stage in career prospects. If you are lack of motivation, just start planning. If
anyone follow the effective way to start thinking productively:

1. What do you have at the moment?

2. What type of business are you in?

3. What is your current specialization?

4. Which position do you want to achieve?

5. How you want to prosper in careers?

Let these entire questions disseminate in entrepreneur’s consciousness. It is helpful, then, to

get more stimuli to follow career planning. Feed your head. It is not a suggestion, rather a
command. In order to succeed we need both working hard and effectively. Lay more
emphasis on the quality of what you used to do in the workplace. Never stop learning
something new in the field of your interests. It would surely make your way to the top faster.
When it comes to making a successful career, who doesn't want to stand out of the crowd?
Entrepreneurship is fast becoming one of the most preferred career options for candidates
who want to set a benchmark for others to follow. Though, a career as an entrepreneur proves
to be quite challenging, it also brings lots of rewards both in terms of money and job
satisfaction. To become successful as an entrepreneur, candidates need to make the best use
of their innovative skills to create financial gains. While anyone decides to become an
entrepreneur, he really needs to think it over and ensure that he can pursue the career with all
his heart. Success will come to those who have an ever growing eagerness to excel and rise
above others. We must have seen a lot many people who chuck their jobs to prove themselves
in the arena of entrepreneurship. People choose the career because a job with a business
establishment does not always give us the recognition and contentment that becoming a
successful entrepreneur brings us. If we think we have the capability to establish our own
unique identity and leave our mark by applying our creating ideas and utilizing our intelligent
skills, there can be no better option than becoming an entrepreneur. So, if anyone have made
up that important decision to prove our worth as a successful entrepreneur, we need to be
well informed about the basics to help you kick start the career. Today, the concept of
entrepreneurship has changed. Unlike the entrepreneur of the past (that dealt only in a couple
of products), today's entrepreneur is smarter, more intelligent and multi-tasker. Today's
entrepreneur can not only deal in a range of products and services, but they are also
responsible for increasing the profitability and productivity of the company, attending
conferences and seminars, delivering speeches and hiring the best of the talents from the
industry. In addition, our role as an entrepreneur also demands us to utilize our intelligence to
offer superior products and manage the finances of the company of which he is the boss. To
become successful in entrepreneurial venture, we also need to know why many entrepreneurs
fail to establish their career or identity. Experts suggest that failures are only those who step
into the field without any technical knowledge and due to their weakness in general and
finance management. Therefore, candidates should always have an action plan and
development strategy in place to achieve success. To become successful, we should be able to
identify the obstacles, the competitions and the business goals that you want to achieve in a
specific industry. At the same time, we need to keep abreast of the latest and changing market
trends and get in touch with successful entrepreneur. To run a business successfully, we
certainly need to learn the basics and the tricks of the trade. Though we do not necessarily
need to possess a degree in business administration or formal entrepreneur training, an MBA
degree or a bachelor's or a master's degree in a relevant field will keep us ahead of our
counterparts. Today, obtaining an MBA degree has become easier, as you have both campus
mode and online education options awaiting us. If we want to save time and money, we can
definitely opt for an online MBA degree. And there is no dearth of business schools and
colleges across the United States offering degrees in business administration, both via
campus mode and online. Candidates should be aware that we do not become an entrepreneur
only by acquiring a master's degree in business administration or a relevant field. To have a
successful career as an entrepreneur, we should also posses other essential skills. An
eagerness to excel and take initiatives, strong self confidence and self reliance,
competitiveness and perseverance are some of the most essential skills that will lead you to a
successful entrepreneurial career. And never forget about strong communication skills, both
verbal and written. The whole idea behind becoming an entrepreneur is to be able to come up
with innovative and unique ideas and to find niche markets where they can be sold. And we
have a wide range of businesses and industries to choose from. An entrepreneurial career
does not mean we need to have a large sum of money to kick start a business; we can always
begin on a small scale. However, it is essential to have an in-depth knowledge of the industry
we are stepping in. If we really want to leave our mark and become successful, never step
into a new business field for which we are not well prepared. Select a line of business where
we can successfully use our entrepreneurial skills. A good idea would be to review our
hobbies. There are multiple excellent examples of entrepreneurs who achieved success by
turning their hobbies into profitable business ventures.
 ANALYSIS:

Six steps to your successful career path: from self-

assessment to decision making to life planning,
these steps will help guide

Over the past two decades, records and information management (RIM) practitioners have
begun to enjoy the ability to create a structured career path. No longer are they solely
relegated to dark, dusty file rooms. They are now emerging as serious leaders in the
organizations they serve--especially by demonstrating expertise in effectively managing
digital records.

Although leadership may come calling without request, more often it comes to those who
prepare for it by planning their careers. The following illustration provides a six-step
framework for career planning that can be useful for those starting a career or for those
evaluating or contemplating a change in their current career.

Self-Assessment :

The first step begins with understanding yourself. A number of areas of self-knowledge are
very important in laying a foundation for a career plan.

Personality and Attitudes :

You first need to understand your own personality (e.g., outgoing or shy, passive or
aggressive, thoughtful or emotional). In addition, you need to be clear about your own
attitudes toward life and work. For example, a positive attitude about work defines who you
are and may turn you toward a career that provides the opportunity to engage in a driving
passion but would not interest someone for whom work is simply a necessary evil to provide
income and stability.

Skills and Achievements :

One of the most helpful tasks you can undertake to understand yourself is to create an
exhaustive and objective list of your skills. Next, inventory your achievements. In both cases,
even the smallest achievements or most minor skills may be important in helping you
understand what you can do and what you might like to do.

Knowledge and Learning Style :

This requires a critical look at what you have learned in life--whether academic or practical
knowledge gained from your work or other elements within your life. Beyond that, it is
important to understand how you learn. For some, the best learning occurs when they interact
with other people. For others, the written word provides the information needed to gain a skill
or to understand a process.

Values :

Most importantly, you should understand what you value most. This requires a rigorously
honest evaluation of those things, persons, or experiences that you treasure and that you
would give up only with great difficulty.

Interests :

Inventory your interests. They should not be limited to personal pleasures outside of your
work experience but should include interests from all aspects of your life.

Entrepreneurism :

Finally, evaluate how much risk you are willing to take. Those for whom risk poses little or
no problem will be able to consider avenues that those who are more risk averse would never
consider entering. This determination is one of the most important in establishing a long-term
career path.

Occupational Research :
Once you understand yourself, the next step is to investigate what options are available. A
successful career plan makes this investigation as comprehensive and exhaustive as possible.
Careful attention to each of the dements below can prevent false starts.

Information Search:

The Internet provides a spectacular resource to research an almost infinite number of

occupational choices. Starting with simple searches on sites such as google.com or
about.com, you can collect a rich and diverse background on those careers that attract you
most.

For RIM professionals and those interested in the field, ARMA International's Records and
Information Management Core Competencies provides an excellent outline of the skills and
abilities required to be successful in RIM from an entry-level position though executive
management.

Information Interview:

Once you have narrowed your research for a specific career, talk to someone involved in that
career about its elements, time demands, needed skills, and responsibilities. Such first-hand
experience can be invaluable in determining whether the career is truly appropriate for you.

Job Shadow :

Another approach, though possibly more difficult to arrange, is to locate someone who will
allow you to accompany him or her on the job for a day or two. This job shadowing model
can provide a substantially different perspective on a career than what might be gained
through simply reading about it or interviewing someone about their experience.

Hands-on Experience :

If possible, work at the job--even as a volunteer--to further deepen your understanding of the
career and what its rewards and challenges might be. In particular, volunteering at a not-for-
profit organization that has a position similar to your career interest may contribute greatly to
your ultimate career choice.

Trend :
Finally, as an integral part of occupational research, you should understand what the trends
are for the careers that interest you. Government statistics and related resources that track the
growth or decline for a wide range of careers are a good source of information and are
available on the Internet (e.g., U.S. Department of Labor Bureau of Labor Statistics at
www.bls.gov/OCO and its Occupational Outlook Quarterly at www.bls.gov/opub/
ooq/ooqhome.htm).

Decision Making :

After understanding yourself and doing research to understand the type of career that might
interest you, make some decisions that may narrow your career choices:

Career Objectives:

The first set of decisions focuses on your longer-term career goals. Do you want to eventually
become part of management? Or do you prefer to remain in a line or staff position and focus
on deeper knowledge in the specialty you have chosen? Again, Records and Information
Management Core Competencies can provide guidance to determine what is required if you
decide on an upwardly mobile RIM career.

Personal Objectives:

The next focus is on what you want for your personal life. In addition to possible
considerations about a family, do you have other passionate interests that you want to have
time to enjoy? Do you enjoy travel and would that element in your career enhance your
personal life?

Community Service :

The intention to contribute time and talent to volunteer organizations may affect your career
choice. For example, if the Special Olympics or Habitat for Humanity are organizations that
you respect, you may want to choose a career where those organizations are supported by
your employer.

Lifelong Learning:
Finally, you need to decide whether you are dedicated to lifelong learning in your career or
whether you desire to learn the skills necessary to accomplish your job and then focus on
personal interests.

As a RIM professional, one goal may be to attain the Certified Records Manager (CRM)
designation. To maintain the CRM, a RIM professional commits to an ongoing program of
education. The knowledge and experience required to pass the examinations that lead to the
CRM are substantially congruent with the RIM competencies. Together, the CRM study
outline and the competencies provide a clear path for continuous learning.

Employment Contacts :

If you have done your homework properly, you are ready to move toward your new career.
This step, as the others above, should be approached in a structured fashion.

Job Search/Networking :

The first and most obvious step is to identify where the jobs actually are. Again, the Internet
has numerous sites where job opportunities are listed (e.g., ARMA International's "Career
Link" at www.arma.org/careers and the Institute of Certified Records Manager's "Career
Opportunities" at www.icrm.org.

This strategy, however, is only one of many. Conscientious and dedicated networking with
individuals either working in or related to the target industry or service can be a very fruitful
avenue for uncovering specific job opportunities. Most effective is personal contact within an
organization that can result in an invitation for an interview.

Resumes and Letters :

The resume should provide a clear, straightforward, and honest outline of overall career
objectives, past experience, education, and achievements. Often helpful are letters of
reference that provide an outside verification of your capabilities, skills, and achievements.
The resume and letters of reference need to be customized to the specific organization where
you have a good chance of securing an interview--blanket distribution of resumes by e-mail
or postal mail is seldom effective.

Job Interviews :

The interview is the culmination of the job search process. Each interview should be
approached carefully. Research the organization so your comments during the interview are
relevant and demonstrate a real interest in the organization. In addition, try to understand in
advance what the actual interview process will be (e.g., single face-to-face interviews, group
discussion, multiple visits).

Again, the Internet is an excellent source of tips on how to prepare for an interview (e.g.,
www.collegegrad.com/jobsearch/Mastering-the-Interview).

Work :

Offers/Acceptance

The job offer and acceptance completes the first major milestone in the career planning
process. However, if the job offer does not match your long-term career plan, then seriously
evaluate the offer and decide whether it would be better to wait for a job offer that truly
provides an initial step along a career path. Those who have achieved the CRM designation
will find that both the overall responsibility and salary level of the positions they are offered
are higher than the average.

Work Success/Failure :

Once on the job, the career planning process is not over. Throughout your current job, you
must be constantly evaluating your successes and failures in relation to your desired career
path. You must use each of these experiences as an opportunity for growth to prepare
yourself for the next step along that path. Referring to Records and Information Management
Core Competencies and taking advantage of ARMA's online RIM self-assessment tool at
www.arma.org/competencies can assist in identifying areas for self-improvement and
resources to help you strengthen your performance and broaden your career options.

How Did Bill Gates Get So Rich?

Bill Gates grew up in a wealthy Seattle suburb and enjoyed a private education, but William
Henry Gates III--Bill Gates--didn't take any free rides to the top. It's fair to say that he co-
opted the work of other programmers to build Microsoft into the billion-dollar empire that it
is today, but no one disputes his management of software development or shrewd business
administration tactics. Perhaps his "aggressive" business management, more than anything
else, is why he is now the wealthiest man in the world. Not bad for an upper middle class
nerd.

Boyhood of a Billionaire: Bill's Early Years

Bill was fascinated by computers at an early age--how they worked, how he could manipulate
programs, and most of all, how he could make them easier for others. At the age of 17, he
designed and sold his first computer program, a time tabling system, for $4,200. After this
first taste of the computer business, Bill was careful to blend his computer skills with smart
money management from there on out.

The Computer Contract Heard 'Round the World'

Not one to quit while ahead, Gates and friend Paul Allen went on to co-write the first
computer language program for a PC, establishing Microsoft Corporation in 1975. What
came next was the result of intuition and acute business management ability. Understanding
the need for affordable personal computers, Gates and Allan signed the historic contract that
made Microsoft the primary operating system to all IBM compatible PCs. By 1985,
Microsoft had $140 million in revenue.
Where Is Bill Today?

Bill is now the subject of bizarre fiscal calculations, such as his estimated earnings of $250
per second. His success is attributed to the fact that he capitalized and managed operating
software and took risks that paid off all along the way. But Bill hasn't kept his fortune to
himself. Along with being the world's wealthiest businessman, Gates is also considered one
of the most generous, having given more to charity than anyone else in the United States.
Whether it's one nerd's revenge or simple, cunning business administration, Bill Gates' legacy
remains immeasurable.

Fast Facts:
Name: William Henry Gates III
Born: October 28th, 1955 Seattle, WA
Currently Resides: Medina, WA
Education: Harvard dropout
First Dollar: Sold first computer program at age 17 for $4,200
First Job: Founder of Lakeside Programming Group 1968
Current Job: Founder and Chairman of Microsoft Corporation 1975-
Net worth: Over $100 billion

PROBMLEMS & FINDINGS

While planning the career there may arise some problems. But if anyone can abide by those
problems or overcome those problems. He must be shine in his career. While studying the
successful entrepreneurs career planning, the have also faced some problems. they overcome
that problems with discernment , and finally they become successful.

WHY IS CAREER PLANNING IMPORTANT?

Career planning is not planning for that field on a one-time only basis, but it’s a
continuing process; in fact, you can call it a lifetime process. We are always learning and
growing, and as we do, our interests and needs also change. Career planning is not just
making plans to obtain your “perfect” job or career, but to help you make the many
adjustments there will be along the way as you learn about you and your world or work.
Career planning is estimating, predicting and calculating all the steps necessary to
achieving your goals. In the process, you are always making choices. When you choose
one alternative over another, this is called an opportunity cost. An opportunity cost is the
cost of passing up your next best choice when making a decision. In career planning, we
need to always be mindful of our opportunity costs and take into consideration all that will
come our way. Those who have successful careers understand how the game of work is
played. As you can see career planning is more than just looking at jobs and positions and
working hard.

The career planning process can be divided into six steps:

1. Self-Assessment
2. Career Exploration
3. Targeting
4. Career Preparation
5. Marketing Yourself
6. Career Management

Career planning is a process and is always ongoing and often runs in cycles. When
anyone desire to change in his career, the process can be repeated many times. In planning
the career, try to find the people who can be mentors for you and assist you along the
way. Career planning is no different than any goal setting and planning. The difference is
that you are specifically separating the career and job goals from all other goals anyone
may have. The reason most people do not turn their wishes and dreams into reality is
because they don’t take these wishes and dreams and make them goals. A goal is a dream
with a deadline. The successful people set goals; they plan and follow the plan. Goal
setting is a process and a learned skill with many parts to it. Simple, short-term goals may
be done in your head, but more complex, long-term goals, should be written, evaluated
and monitored frequently. The longer it takes to achieve your goal, the more you will
encounter problems, changes and frustration.
Successful Entrepreneur Tips
1. Research career information. A small investment of the time will help anyone make an
informed career choice that could pay dividends throughout anyone’s life. There are hundreds
of occupations, so choosing and planning a career is a lot more complex than it may appear.

2. Planning the career. Seek out information about occupations with favorable career
prospects, high earnings, and other attributes that are important to you. Having a solid career
plan can affect your future prospects more than how much education you have.

3. Value your personal interests and abilities. You shouldn't be dissuaded from a career that
interests you just because it's competitive. If your interests and abilities draw you to a field
like acting, journalism, law, piloting, or some other competitive occupation, go for it.

4. Gain experience early. Learning by gaining experience within the commercial world is a
great way to approach a prospective career or to open a business. Internships, part-time jobs,
and volunteer work are some ways to get hands on experience.

5. Having the right attitude. If it is a business that you want to open up yourself then you
must have the right attitude. A business can either make or break depending how much self-
beliefyou have, and your attitude.

6. Be Active! When planning to start anyones new business to when it is starting to mature he
must always stay active. This is the case for both personal and work routines. Do not let
yourself feel too comfortable at any stage, you must always make sure that you have
something to do always.

7. Develop the skills. Take every opportunity to learn new skills. The more anyone upgrade
anyone’s skills, the more likely he and his business will adapt along with it.
RECOMMENDATION & CONCLUSION
Career planning is a challenge for all RIM professionals. In the coming decade, those who
pay attention to the above steps, track their progress, strive for the CRM and other relevant
certifications, and integrate them all deeply into their lives will not only be successful but will
contribute greatly to their companies and institutions and to the RIM profession. In the final
analysis, leaders and careers do not just happen: they are created.
REFERENCE:
Informations about BILL GATES Has collected from the bellowed sources:

Sources:
"Profile: Bill Gates" BBC News, January 26, 2004
(http://news.bbc.co.uk/1/hi/business/3428721.stm)
"The New Bill Gates" By Robert X. Cringely, Nov. 23rd, 2000

(http://www.pbs.org/cingely/pulpit/pulpiit20001123.html)
Bill Gates (http://www.rotten.com/library/bio/business/bill-gates/)
Bill Gates: A Precocious Pioneer (http://www.referenceforbusiness.com/biography/F-
2/Gates-Bill-1955.html)