EntrepreneurshipBy: Salman Mehmood

Indus International Institute

What is Entrepreneurship

• Entrepreneurship is the process of starting a business or other organization.

• The entrepreneur develops a business plan, acquires the human and other required resources, and is fully responsible for its success or failure.

Some Facts about Entrepreneurship

• According to BizCamp program, funded by the Citi Foundation 91% of the participants indicated they would like to own a business.

• For the first time in 30 years, business closings are outpacing business openings.

• Companies and institutes are investing in students to come up with innovative ideas.

• Citation: "Young People Need to Know Entrepreneurship Is Hard” HBR, by Shawn Osborne, 6th April 2015.

Journey of Innovation

Mark Zuckerberg

Facebook

• College dorm to 100 $ Billion company• Stock Price 82.80$• 1.39 Active Members• Revenues 12.466$ billion 2014• Subsidiaries:

• Instagram• Whatsapp

Steve Jobs

Apple• Garage to 111 $ Billion company• Stock Price 125.6$• Revenues 182.795$ billion 2014

Pixar

Pakistani Companies

Challenges

1 Finding Talent

2 Customer Relationship building

3 Keeping with innovation

4 Creating a great culture

5 Keeping up with Government Regulations

6 Managing Cash flow

7 Getting Funded

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Responses

Responses

Entrepreneurship Development Forums

• IBA CEE www.ced.iba.edu.pk/ • LUMS ICE www.lce.lums.edu.pk/ • Google Developer Group www.facebook.com/GDGLahore • Plan 9 www.plan9.pitb.gov.pk/ • Coffee Shop Gurus www.facebook.com/CoffeeShopGurus

QuestionsThank you!