kasbtv.com starting a global ebiz in pakistan: opportunities & challenges altaf h. khan
TRANSCRIPT
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kasbtv.com
Starting a Global eBizin Pakistan:
Opportunities & Challenges
Altaf H. Khan
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kasbtv.com
Overview
• Global eBusiness?• Based in Pakistan?• Selection process• New product,
technology, business model development
• Risk/rewards
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kasbtv.com
Overview
• Global eBusiness?• Based in Pakistan?• Selection process• New product,
technology, business model development
• Risk/rewards
• Originating the idea• Assembling a team• Writing the biz plan• Raising capital• Execution phase• Improving the odds• Wrap-up
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kasbtv.com
eBussiness?
A business which leverages the Internet
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kasbtv.com
Global eBusiness?
An eBusiness focusing on one or more of the following markets:
– North America
– Europe
– Asia
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kasbtv.com
Based in Pakistan?
• Emotional reason?
• Sound business reasons?
– HR quantity & cost
– Infrastructure quality & cost
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kasbtv.com
Many Possibilities
• Professional Training
• IT-enabled, remote services
• Custom software development
• New technology, product, business model development
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kasbtv.com
Which Sector is Right for You?Dimension Training Remote Custom ProductsMarket size ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■Competitive advantage ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■Leadership ■Experienced professionals ■ ■Junior professionals ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■Training ■ ■ ■ ■ ■ ■Telecom ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■Distribution channels ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■Buildings ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■Initial investment ■ ■ ■ ■ ■ ■ ■ ■ ■Returns ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■Payback period ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■Ease of exit ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■Scalability ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■Diversification opportunities ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■Sustainability ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
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kasbtv.com
New Prod, Tech, Biz Model Dev
• New Products– Video ICQ
• Disruptive Technologies– Multimedia search engine
• Novel Business Models– eTransaction enablement w/o credit cards
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kasbtv.com
Risks
• Empirical evidence points towards low rate of success
• You are developing something that will come to market 1-5 yrs down the road. During that time:– The targeted market may disappear– Someone may come up with the same product, first!
• Your projections may be based on incorrect assumptions
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kasbtv.com
Rewards
• Recognition among your peers
• Immense wealth & fame
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kasbtv.com
The First Step?
Originate an idea that is:
– New, unique, novel
– Addresses an unbounded market
– Has a built-in barrier to entry
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kasbtv.com
The Next Step?
Write the biz plan that includes:
1. Executive summary2. Company description3. Product/service4. Market analysis 5. Competitive analysis6. Execution of biz plan7. Management team8. Capital requirements9. Financial analysis
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kasbtv.com
Contents of the Biz Plan
Write the biz plan that includes:
1. Executive summary2. Company description3. Product/service4. Market analysis 5. Competitive analysis6. Execution of biz plan7. Management team8. Capital requirements9. Financial analysis
A concise summary of the entire business plan
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kasbtv.com
Contents of the Biz Plan
Write the biz plan that includes:
1. Executive summary2. Company description3. Product/service4. Market analysis 5. Competitive analysis6. Execution of biz plan7. Management team8. Capital requirements9. Financial analysis
Background info about the company, including capital structure
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kasbtv.com
Contents of the Biz Plan
Write the biz plan that includes:
1. Executive summary2. Company description3. Product/service4. Market analysis 5. Competitive analysis6. Execution of biz plan7. Management team8. Capital requirements9. Financial analysis
What will the company provide its customers? How will customers benefit from the company's product/ services compared to what they currently use/have?
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kasbtv.com
Contents of the Biz Plan
Write the biz plan that includes:
1. Executive summary2. Company description3. Product/service4. Market analysis 5. Competitive analysis6. Execution of biz plan7. Management team8. Capital requirements9. Financial analysis
How many potential customers benefit from the company's product/ services compared to what they currently use/have?Growth rate?Marketing strategy?
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kasbtv.com
Contents of the Biz Plan
Write the biz plan that includes:
1. Executive summary2. Company description3. Product/service4. Market analysis 5. Competitive analysis6. Execution of biz plan7. Management team8. Capital requirements9. Financial analysis
Who are the key competitors?In what areas are you stronger/weaker than them?Are there barriers to entry that can stop others enter the market?
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kasbtv.com
Contents of the Biz Plan
Write the biz plan that includes:
1. Executive summary2. Company description3. Product/service4. Market analysis 5. Competitive analysis6. Execution of biz plan7. Management team8. Capital requirements9. Financial analysis
How will the business plan be implemented? Strategies?Timeline?Budget?Tactics?Alliances?
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kasbtv.com
Contents of the Biz Plan
Write the biz plan that includes:
1. Executive summary2. Company description3. Product/service4. Market analysis 5. Competitive analysis6. Execution of biz plan7. Management team8. Capital requirements9. Financial analysis
Who are the people in the company?What experience, track record, expertise do they bring?
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kasbtv.com
Contents of the Biz Plan
Write the biz plan that includes:
1. Executive summary2. Company description3. Product/service4. Market analysis 5. Competitive analysis6. Execution of biz plan7. Management team8. Capital requirements9. Financial analysis
How much does the company require to implement the plan?How does the company value itself to investors? Expected burn-rate?
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kasbtv.com
Contents of the Biz Plan
Write the biz plan that includes:
1. Executive summary2. Company description3. Product/service4. Market analysis 5. Competitive analysis6. Execution of biz plan7. Management team8. Capital requirements9. Financial analysis
Financial projections, including cash-flow analysis
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kasbtv.com
Assembling the Team
• Key characteristics to look for:– Do they share your vision, values?
– Are they flexible about their roles?
– Are they energetic, persistent?
– Do they work with a sense of urgency?
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kasbtv.com
Assembling the Team
• Key characteristics to look for:– Do they share your vision, values?
– Are they flexible about their roles?
– Are they energetic, persistent?
– Do they work with a sense of urgency?
• How to find them?– Through your network
– Through the networks of your investors
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kasbtv.com
Raising Capital
• Things to look for in investors:– Their track record
– Their contacts
– Their people
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kasbtv.com
Raising Capital
• Things to look for in investors:– Their track record
– Their contacts
– Their people
• They will bite if you have,– An innovative idea– A huge market– A reasonable execution strategy– A persistent, energetic, smart team
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kasbtv.com
Execution
• Successful marketing is critical• Be business-driven, not technology-driven
• Stay focused on your business objective• Be flexible; change your biz plan, if required
• Create a high-energy organizational culture• Outsource non-core tasks
• Actively seek value-adding partners & affiliates• Focus on the customer
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kasbtv.com
Summary
• Originate a unique idea
• Write a compelling business plan
• Assemble a team
• Raise capital
• Execute
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kasbtv.com
Improving the Odds
• Build an unfair advantage
• Write a compelling marketing plan
• Assemble a great team
• Raise smart capital
• Found value-adding partnerships/affiliations
• Outsource non-core activities