Welcome ENTREPRENEUR ENTREPRENEURSHIP A Seminar for Fatimiyah Education

Welcome @ ENTREPRENEUR & ENTREPRENEURSHIP A Seminar for Fatimiyah Education Network Tuesday February 12, 2008

TAMEER Shell Live. WIRE Trust

BACKGROUND q Began in 1982 by Shell in Scotland. q Aim is to promote the option of starting a business as a viable career choice to young people. q Now operating in 24 countries around the world.

SHELL LIVEWIRE OPERATES IN OVER 24 COUNTRIES GLOBALLY: 01. Argentina 02. Abu Dhabi 03. Brazil 04. Brunei 05. Chile 06. Egypt 07. Guam 08. Hong Kong 09. Hungary 10. Ireland 11. Indonesia 12. The Netherlands 13. Mauritius 14. Nigeria 15. Oman 16. Pakistan 17. Romania 18. Singapore 19. South Africa 20. Sri Lanka 21. United Kingdom 22. Qatar 23. Iran 24. Libya

Entrepreneur & Entrepreneurship

ENTREPRENEUR…? Entrepreneur - French word - means undertake 1. “Someone who wants to start a business or enterprise” 2. “Entrepreneurs are people of very high aptitude who pioneer change” 3. “Anyone wanting to work for him or herself is an entrepreneur” 4. “One who organizes, operates and mitigate the risk in a business venture for gaining the profit. ” 5. “An innovative passionate worked extra-ordinary to bring a creative product and/or service”

EENTREPRENEURIAL CHARACTERISTICS Confident Flexible Independent Determined Responds to Innovative Energetic challenges Leader Resourceful Eager to learn Versatile Calculated risk taker Responsible Friend – Peoples Oriented Competitive Responds to suggestions Creative Competent and criticism Self-motivated Decision-maker Goal-oriented Optimistic Profit-oriented

ENTREPRENEURSHIP. . . ? Based on INNOVATION & DESIRE for change. Entrepreneurship is a: q Search for new Products/services, q New production Process/methods, q New Peoples/markets and q New forms of an Place/organization. “Entrepreneurship help in looking at the world that way you want it to be, rather than the way it is”

BUSINESS START-UPS q q q q Business Idea – Bright Idea Business Plan– Road map to implement your idea Development – Product or Service Financing – Who will finance your business Marketing – What, How, & Where Management – Personnel & Finance Profit Management Survival & Growth

ENTREPRENEURIAL FACTS q Most people start their own businesses between ages 20 and 40; 35% are under the age of 30 q About 50% have parents who owned a small business q Most entrepreneurs worked for someone else for 5 to 8 years q Most entrepreneurs work 50 to 70 hours per week q More than half start businesses related to previous employment q The most important sources of funds to start the business are personal savings and family members q Today more women are starting entrepreneurial firms than at any other time in our history

INNOVATIVE IDEAS Washer-dryer all in one combo q Under water restaurant q New type of fuel q Voice-activated radio/TV q Color eye drops q Remote control finder q Voice activated locks q Multi-color Markers q CNG Fans q Haircoloring shampoo Refrigerator that has an alarm for bad food q q Watch knowing time zone q Toothbrush with q

WHYENTREPRENEURS FAILED 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Lack of Business Knowledge Lack of experience Lack of Finance Or Poor cash management Lack of strategic management Weak marketing effort Uncontrolled growth Poor location Lack of competent, honest & dedicated HR National conditions Natural conditions

WAY TO AVOID FAILURE Have your Business Plan q Understand your Business, Market, Peoples, Finance AND q Never relax - Keep in tune with yourself. q

SECRET OF SUCCESS • Surprise! Entrepreneurs never rest. • Success depends on – careful planning, – solid business management techniques, – creative problem solving, and – a large measure of luck. • Except for the luck, all these factors depend on knowledge and skills that can be learned and developed.

WAY TO ENTREPRENEURSHIP

KEY FACTS q Annually over 1 million young people have contact with a Live. WIRE programme. q In Pakistan alone over 10, 000 young people received business skills training.

TAMEER STATISTICS q 35, 000 people have been given awareness through Seminars, Workshops, Meetings, and the Website about the mission of Tameer across Pakistan. q 35 workshops have been conducted nationwide for approximately 1800 young people. q 57 seminars and conferences have been conducted with approximately 12, 000 students given awareness on entrepreneurship q Tameer is currently following up with 32 cases in the assisting them in business start ups, expansion or business plan development. q 59 nominations for the Tameer Annual Awards have been received. q Tameer website has reached approximately 1000 hits per day. q Approximately 3489 English version and 365 Urdu version of Tameer Business Kits have been downloaded from the website.

Contact US: www. tameer. org. pk Imran. azeem@shell. com 021 -111 -888 -222 / 021 -5689520

THANK YOU