entrepreneurship training session | building successuful business
DESCRIPTION
Entrepreneurship Training Session | How to build successful business. Creativity, Financial Management, Idea implementationTRANSCRIPT
CREATING A SUCCESSFUL
BUSINESS
Hammad Siddiqui
http://hammadsiddiquiblog.com
Twitter http://twitter.com/hammads
Why should you become Entrepreneur?
Jobs 10%
90% Karobar
Series1
WHAT IS THE DIFFERENCE IN AN
ENTREPRENEUR AND A BUSINESSMAN
Businessman thinks for today – An entrepreneur has a long term vision
For Businessman incremental growth is good - An entrepreneur focuses on exponential growth
Businessman is cheeky - An entrepreneurs is customer focused
Businessman considers promotion as liability – An entrepreneur thinks it as an investment
WHAT STOPS YOUR FROM
PROGRESSING ?
Breakout session
THE MISSING FACTOR IS -
FOCUSED ACTION
Your Biggest Challenge is to follow ………………
CHANGE IS THE ONLY CONSTANT IN
LIFE!
WHAT IS THE SINGLE BIGGEST
SUCCESS FACTOR?
Single Biggest Success Factor
YOU
THERE ARE DISTRACTIONS!
Dave Thomas
Six Lessons from Steve Jobs Changing you mind is truly a sign
of intelligence Experts are generally clueless Value is not equal to Price Design Counts A-players hire A+ Players Jump to the next curve
LETS TALK ABOUT YOUR SKILLS!
You Need 4 Key Skills
Ability to Innovate (or create) Ability to Implement your
Ideas Ability to Market a product,
service or idea Basic Financial Management
Key Success Factors
Pre Start-up Factors
Post Start-up Factors
Pre Start-up Factors
Strengths Opportunities
Weaknesses Threats
What SWOT Does for you:
A decision making tool that analyses your position in marketplace in comparison with your competitors.
It Takes Account of
Internal Environment • (In your company)
External Environment • (Industry, Economy,
Competition)
Post Start-up Factors
People
Marketing
Accounting
&
Overheads
DeliveryMistakes
Creativity
Documentation
Value your Customer
There are More Choices – Less Time!
Breakout Session
Define your core strategies to value your customer
BE CREATIVE!
Creativity is not about Creating Something new, its about giving a new
experience –
Richard Branson
Be Creative
Group Work
Re Brand your business – Use your Creative Thinking
Your ability to make decisions
You have a retail business. There are two salesmen working with you. Your store is in the main business hub where there are other shops selling similar items.
You are making good sales every month, but when you do your calculations, you find that the business has not been profitable. This is causing problem. You have taken loan to purchase some inventory. Another supplier has provided you inventory on a monthly credit.
You are required to do the following:
1. What are the reasons for not making profits?
2. What needs to be done to improve financial position of your business?
Habitual Change!
Customers are now more responsive to engaging – They like to talk to you!
Social Media Simplified!
Social Media is simply internet
based medium for communication
Social Media is BEYOND Facebook
Social Media Facts – Pakistan
Phenomenal growth in Social Media in Pakistan
151 billion text messages were sent in 2010
Mobile internet users 1.5 million
Youtube Users 6.8 million
Bloggers 3.4 million
Twitter Users 0.5 million
LinkedIn Users 850,000
Facebook users 5.4 million
Internet Users 20 – 22 million
WHO IS THE MOST LIKED PERSON FROM PAKISTAN
ON FACEBOOK
Were 2.8 million Fans – Now 32 million
WHICH IS THE MOST WATCHED YOUTUBE
CHANNEL IN PAKISTAN?
Were 35 million views – Now 40 million
WHICH PAKISTANI INSTITUTION HAS THE TOP
PRESENCE ON SOCIAL MEDIA?
6,500 Videos – 7.1 million views
What to DO?
Recognize the Reality & Adapt the
Change!
Have a Social Media Strategy
Check what your competitors are doing.
Engage your marketing & branding teams.
Open Social Media Channels
Integrate Your Social Media
Build Your Community
Engage Your Community
ہے سیکھنا تو دینکی دینداربیٹھو میں سوحبت
کاروباری تو ہے سیکھنا کاروباربیٹھو میں سوحبت کی
Message
I WISH YOU ALL
BEST OF
LUCK!