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as many new solo proprietorships to ventures fail in the first major corporations) year .WHO IS AN ENTREPRENEUR? An entrepreneur is a Entrepreneurship is person who undertakes the practice of starting. expectation that profits will be made. and operates a new new businesses enterprise or venture and assumes some generally in response accountability for the to identified inherent risks with the opportunities. Entrepreneurship Entrepreneurship is often ranges in scale from difficult.
the preparation of job descriptions. maintain budgetary and inventory controls and make recommendations to management – maintain management information systems (manual or computerized) – provide and maintain business premises and other facilities including plant and equipment – review and respond to correspondence – executive services for the company . An office administrator usually perform the following tasks: – supervise the day to day running of the office – interview job applicants – conduct orientation programs for new employees – be involved in staff training and development. staff assessments and promotions – prepare annual estimates of expenditure.THE OFFICE ADMINISTRATOR Office administrators undertake a range of functions to make sure the administrative activities within an organization run smoothly.
SIMILARITIES OFFICE ADMINISTRATOR & THE ENTREPRENEUR Oversee the overall administrative details of the organization Must have a good grasp of the operations of the organization Capable of multi-tasking Be efficient Team player Be Creative Meticulous and detailed…important ingredients for the success of any business .
MAKING THE SWITCH The economic advantages A Calculated Decision – Assess Risks The “ way out” of unemployment for many A “Vision” a “dream” “Forced” Entrepreneurship or a desire Writing your own pay cheque Making social. physical and mental .
Although he smoked between eight to ten cigars a day until his death in 1945. Hershey lived a long life. lots of hard work and determination. That was Hershey’s recipe for success . and a concern for his fellow man. filled with both failure and success.Can the Administrator Succeed as an Entrepreneur? Do you have the passion to succeed? From the plain and humble beginnings of his family to becoming one of the richest men in America. Hershey’s passion for chocolate was matched by nothing except his love of children.
Where is Your Market? Globalization . The CSME makes its easier to member countries for trading relations Use it well Your market “ the world ” is at your doorstep .the absolute infinite and borderless market facilitated by the advancement in technology.
STRATEGIC ENTREPRENEURSHIP Strategic Vision-Entrepreneurial success depends on the ability to think strategically. Make sure that the mission is in sync with what your clients can expect of you...globalization... have a clear strategic vision –What does the future direction of the business look like Craft your Vision and Mission statement to embody the image of the business. What is needed and quite often ignored by entrepreneurs is a business strategy .YOU must have a strategy… only way forward Complete a strategic plan-Your strategy is a plan for interacting with the competitive environment to achieve your intended goals . .. CSME Identify your Long term and short term objectives The Strategic Implementation –Putting it together to achieve the planned results..
and instant deal killers with investors. Understand how entrepreneurs are successfully getting ahead today. and know what creates and drives value in your business. Understand the business planning process and the business plan. and identify the one that is best for your venture. Understand how to prepare your first value map that helps you find immediate sales traction in fast-changing marketplace. its importance. land mines. identify.HOW DO YOU STRATEGIZE Uncover. and how to get on the radar Avoid sand traps. and uses. you need a roadmap to success for your business and a plan as to how to break into the market . Understand the types of different exit strategies. Understand how to clearly communicate your "value drivers" to your venture team and potential investors.
and Capitalizing on Opportunities Opportunities arise from imagination and insight and lead to creative. valuable inventions and innovations. and what can we learn from the behavioral sciences about it? – Is IMAGINATION a group process? What is organizational creativity? How are opportunities identified? – What is required to exploit opportunities? . how does it contribute to the innovation process? – To what extent is creativity an INHERITED characteristic.THE WAY FORWARD Creativity. Imagination. What creates opportunities? – While we know much about INDIVIDUAL creativity.
motivate. some scholars believe we need to encourage.ECONOMIC GROWTH Entrepreneurship and Economic Growth It is well-established that entrepreneurship plays an important role in job creation and therefore in economic growth and development of various geographic entities from villages to regions and even to entire countries. to advance the level of growth and development at all geographic levels. and support entrepreneurial activities. Thus. Look at what can be done through public policy formation to promote entrepreneurial activity? What institutions have the greatest impact on entrepreneurship? Do certain policies increase entrepreneurial firms’ ability to create jobs and create growth? .
The role of innovation has been much studied and some place it at the heart of success. are requirements for survival and success. How does innovation arise? Can we understand the process that creates it? Respond to the market How can we identify and learn from potentially valuable innovations that never make it? .INNOVATION As the global environment moves faster. innovation and its partner. change. certainly as a precursor to change.
What resources are necessary to create innovation? How can firms enhance the probability that innovations create value and advantage? Why are some firms more innovative than others? Does innovation as an event or process differ in young. small organizations as opposed to large. established organizations? (absorb more shock) .
Concentrate on what you do well. Think as simply and directly as possible about what you're doing and why. 2. Behave towards others as you wish them to behave towards you. Ask questions ceaselessly about your performance. Evaluate each business and business opportunity with all the objective facts and logic you can muster.all the time. 6. your objectives. 4. 3. . Improve basic efficiency . 5. your markets.THE BUSINESS OF WINNNING 1.
Share the benefits of success widely among those who helped to achieve it.CONT’D 7. because doing the most with the least is the name of the game. Make money: if you don't. you can't do anything else. 8. Tighten up the organisation whenever you can because success tends to breed slackness. because only then will you be able to improve on them. Economise. 12. 9. so authority is spread over many people. Flatten the company. . 10. Admit to your failings and shortcomings. 11.
• Through the encouragement of entrepreneurship we can put a handle on unemployment by creating well needed jobs •In order to move Jamaica forward it is important that we stop thinking that we should train our bright young minds for export .JOB CREATION •Promoting a positive attitude towards entrepreneurship through education is increasingly becoming the policy of governments whose objective is to generate more employment through enterprise creation. •Many enterprise and entrepreneurship education programmes can be found in schools and communities around the world.
. Embrace Change as a Way of Life. Do Your Homework. Play Hard. Act Quickly in a Crisis. Not Dollars. Get Back in the Saddle Quickly. Reach for the Sky (at least once).QUICK TIPS Find a Vacuum and Fill It. Work Hard. Learn to Sell. After a Fall. Set Goals (but go easy on the "vision" thing). Trust Your Intuition. Chase Quality. Use Your Time Wisely. You Won't Be Committed if You're Not Having Fun. Develop Your Contacts. Don't Put up with Mediocrity. Recognize a Failure and Move on. Become a Leader. Make the Most of Lucky Breaks.
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