Entrepreneurship as a Career Choice

1. Entrepreneurship - A Good Career Choice? Author http://www.sbsgroup.com.sg/

2. What is anEntrepreneur or who are Entrepreneurs ? Copyright © 2011 - 2013 SBS Consulting All Rights Reserved

3. A person who sees opportunity in what others deny • A person who takes financial risks, to set up a company and operate a business • Is a leader with strong management and team building skills • An innovator of new ideas and business processes • Has a long-term vision and good understanding of market and customer needs. • Develop new services and products • They are spontaneously creative • Are born smart workers • Are ready to accept challenges Copyright © 2011 - 2013 SBS Consulting All Rights Reserved

4. Entrepreneurship as a Career Choice Copyright © 2011 - 2013 SBS Consulting All Rights Reserved

5. According to the Global Entrepreneurship Monitor Report • Different cultures have different views of being an entrepreneur as a career choice. • Wealthier countries such as the UK, US or Japan do not necessarily see more entrepreneurial opportunities. • Entrepreneurial opportunities are perceived most in third world countries like Ghana and Uganda • Necessity rules desire in less business inclined minds. • A burning desire to excel as entrepreneur in those with business inclined minds Copyright © 2011 - 2013 SBS Consulting All Rights Reserved

6. Qualities of an Entrepreneur Copyright © 2011 - 2013 SBS Consulting All Rights Reserved

7. Self starter and open minded • Highly motivated and self confident • Initiative taker and Visionary • Determined Leader • Optimistic and Risk taker • Money wise • Self promoter • Team player and independent worker at a same time • Accessible and communicative • Gets involved • A master negotiator • Organized and desciplined • Task master • Hard worker and a smart worker • Competitive and Creative • Strong people skill and work ethics • Passionate Copyright © 2011 - 2013 SBS Consulting All Rights Reserved

8. The reward and challenges of Entrepreneurship Copyright © 2011 - 2013 SBS Consulting All Rights Reserved

9. Copyright © 2011 - 2013 SBS Consulting All Rights Reserved

10. The elements of business planning Copyright © 2011 - 2013 SBS Consulting All Rights Reserved

11. To own a successful business, the first step is to plan a road map • Executive Summary: Company profile and goals • Description of the Company: Profile of services offered, how are you different from other • Analysis of Market: Researching on your business industry, current trend in the market and competitors • Management and Organization: Chalking out best management and organization plans • Products or Services: how is it going to benefit the end-user • Sales and Marketing: Promoting and branding of your products and services • Funds: On board Investors or savings • Mission and Vision: Where you want to see yourself 5 year down the line Copyright © 2011 - 2013 SBS Consulting All Rights Reserved

12. Importance of business planning Copyright © 2011 - 2013 SBS Consulting All Rights Reserved

13. Clarity of Direction • Establishment of goals • Vision of the Future • Attracts investors and finances • Attract Team members and resources • Efficient utilization of resources • More productive time • Management becomes easier • Streamlined Organization • Ability of risk management Copyright © 2011 - 2013 SBS Consulting All Rights Reserved

14. Congratulations You have taken the first step towards accomplishing your dreams. QUESTIONS? Email Us:info@sbsgroup.com.sg Contact us: +65 6728 9142 Thank You