entrepreneurship

Jasim Tariq

ONLY A PERSON WHO RISKS IS FREE To laugh is to risk appearing the fool. To weep is to risk appearing sentimental. To reach for another is to risk involvement. ...To expose your ideas, your dreams, before a crowd is to risk their loss. To love is to risk not being loved in return. To live is to risk dying. To believe is to risk despair. To try is to risk failure. But risks must be taken, because the greatest hazard in life is to risk nothing. The people who risk nothing, do nothing, have nothing, are nothing. They may avoid suffering and sorrow, but they cannot learn, feel, change, grow, love, live. Chained by their attitudes they are slaves; they have forfeited their freedom. Only a person who risks is free.

What is entrepreneurship & who are entrepreneurs?

Entrepreneurs are risk takers that spot & pursue opportunities Entrepreneurs often share similar personal characteristics Women & minority entrepreneurs are growing in numbers Social entrepreneurs seek novel solutions to social problems

What is Entrepreneurship
Entrepreneurship is dynamic, risk-taking, creative, growth-oriented behavior An entrepreneur is willing to pursue opportunities in situations that others view as problems or threats A first-mover advantage comes from being first to exploit a niche or enter a market

Challenging the myths about entrepreneurs

Entrepreneurs are born, not made Not True! Talent gained & enhanced by experience is a foundation for entrepreneurial success Entrepreneurs are gamblers Not True! Entrepreneurs are risk takers, but the risks are informed and calculated

Contd..
Money is the key to entrepreneurial success Not true! Money is no guarantee of success. There is lot more to it than that; many entrepreneurs start with very little You have to be young or old to be an entrepreneur Not true! Age is no barrier to entrepreneurship; with age often comes experience, contacts, and other useful resources

Contd..
You have to have a degree in business to be an entrepreneur Not true! But, it helps to study & understand business fundamentals

Profile of Entrepreneurial Characteristics

Internal locus of control: believe in control of one own destiny; self-directing & likes autonomy High energy level: persistent, hard working, willing to exert extraordinary efforts to succeed High need for achievement: motivated to accomplish challenging goals; thrives on performance feed back

Contd..
Tolerance for ambiguity: Risk-taker; tolerates situations with high degrees of uncertainty Self-confidence: feels competent, believes in themselves, willing to make decisions Action-orientation: try to act ahead of problems; want to get things done & not waste time

Contd..
Self-reliance: Want independence; want to be their own boss, not work for others Flexibility: willing to admit problems & errors, to change course when plans are not working

Rapid Review
Entrepreneurship is original thinking that creates value for people, organizations, and society Entrepreneurs take risks to pursue opportunities others may fail to recognize Entrepreneurs like Richard Branson, Earl Graves, & Anita Roddick can be a source of learning & inspiration for others

Contd..
Entrepreneurs tend to be creative people who are self-confident, determined, resilient, adaptable, and driven to excel; they like to be masters of their own destinies Women & minorities are well represented among entrepreneurs, with some of this being driven by necessity or lack of alternative career options

Contd..
Social entrepreneurs apply their energies to create innovations that help to solve important problems in society. They are deeply imbued with a social mission that drives them. Necessity-based entrepreneurship is when people start new ventures because they have few or no other employment options

Parh parh kitaba ilm diya, tu naam rakh laya Qazi,Hath vich phar ke talvaar,tu naam rakh laya Ghazi, Makay Madinay ghoom aya tu,naam rakh liya Haji,Bhully Shah hasil ke kita? jay tu Rub na rakhiya razi(Bhully Shah)

THANKS ANY QUESTIONS?