ENTREPRENEURSHIP MAJID SAEED

190886
P E R S O N A L A S P I R A T I O N A N D P R I O R I T I E S

What gets you excited, gives you energy, and motivates you to excel?
Solving problems and helping others. Achieving the goals.
What do you like to do with your time?
Starting a business which will give enough money for a better life.
What drains energy from you?
In the work I do, I get motivation from the work to achieve my goals.
In personal relationship, To live a happy life.
How do you measure success in your personal life?
Family: To provide a happy and better life to family.
Friends and relationship: To help them in solving their problems.
Personal interests and hobbies: In my opinion you can fulfill your own needs.
Contributions to community and society: Helping the neediest, to help them in solving their problems.
PERSONAL ASPIRATION AND PRIORITIES PRIORITIES
What do you consider success in your business and career?
Short-term: In short term increasing the business.
Long-term: In long term, want to make enough money so that I can live the life that i have promised to
myself.
What are your specific goals for your personal life?
Family: To help them in their problems and give them a happy life.
Friends and relationships: To live a happy and independent life.
Personal interests and hobbies: To become a professional footballer and live a happy life..
What are your goals for your business and career?
Income and lifestyle: To expand the business and to live a life without problems.
Wealth: Multimillionaire.
Free time: Playing the football.
Recognition and fame: Being a professional footballer .
people Impact on community: A loving and helping person.
PERSONAL ASPIRATION AND PRIORITIES
What do you want to be doing:

In one year: Making money through a business and expanding that business to other cities.

In five years: Investing in amazon and other e-commerce markets.

In ten years: Making enough money to fulfill my dreams and to expand my business by investing in other businesses.

At retirement: Living a happy life and becoming handover my business to children's to spare time.

List the core personal values that you intend to bring to your business (e.g., treating people fairly, giving

something back to the community).

To treat everyone equally and fairly, and giving something back to community to solve their problems.

Where does each of these core values come from (religious faith, family, etc.)?

It should be on humanity.
PERSONAL ENTREPRENEURIAL READINESS
What are the major reasons you want to start a business?
To live a life that I have promised to myself.
How many hours are you willing and able to put into your new venture?
I can give more than 10 hours per day to my startup while in it’s beginning.
How would you describe your tolerance for uncertainty and risk?
I will be preparing myself for upcoming uncertainties and I will plan accordingly. In this way I can handle the situation
and also I will take calculated risk. Also I follow a proper plan and I am really good at coping up with difficult situations.
Do you easily trust other people working with you on a common activity? Why or why not?
I will be working with those whom I expect to be trusted, cause trusting everyone can be harmful to me.
How much financial risk are you willing to take with your new venture (personal assets, personal debt, etc.)?
10k to 20k Dollars.
Assume you decide not to start your business. A short time later, you see that someone has started the
same business and is doing well. How would you feel? Why?
I will not regret rather I’ll start my own business. And if I get the opportunity to partner up with the person who is
doing the business I’ll do that too.
PERSONAL ENTREPRENEURIAL READINESS
What are the non financial risks for you in starting a new business?
I have no prior experience which is a red flag as it could be dangerous.
How do you react to failure? Give examples.
I will try to stay calm and will work on my short comings which will help me to avoid failure.
How do you react in times of personal stress? How do you deal with stress in your life?
Usually at the time of stress I try to stay alone or I prefer to go for a walk, which help me to cope up with it.
How much income do you need to support your current lifestyle?
I need around 100k-150k.
How long could you survive without a paycheck?
It is a bit tricky question because for the survival money is required.
How much money do you have available to start your business?
I can arrange around 200k-500k to start my own business.
PERSONAL ENTREPRENEURIAL READINESS
Which of your personal assets would you be willing to borrow against, or sell, to start your business?
I would borrow some money from my family, also I have couple of shops which can be used for rentals.
Whose support (nonfinancial) is important for you to have before starting your business (family, spouse, etc.)?
Family support is always important because they can help in case of stress too.