How to Succeed as an Entrepreneur

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Passion for Entrepreneurship


- Founded in September, 2009

- Specialized in Language Services for Companies


WHAT IS AN ENTREPRENEUR?

What are we talking about here?








“Entrepreneur - A person who organizes and manages any enterprise, especially

a business, usually with

considerable initiative

and risk.”


Joseph Schumpeter (1934)

“Entrepreneurs are innovators who use a

process of shattering the status quo of

the existing products and services, to set

up new products, new services.”


Peter Drucker (1964)

“An entrepreneur searches for change,

responds to it and exploits opportunities.

Innovation is a specific tool of an

entrepreneur…”


WHAT DOES IT TAKE TO BE AN ENTREPRENEUR?


PERSONAL TRAITS / COMPETENCIES

Passion for Entrepreneurship


Self-Motivation


Personal Accountability


Discipline


Time Management


Learn to

Prioritize


Be critical and objective when you evaluate yourself


Know your Strengths and Weaknesses

What you can do and what you can't

INNOVATIVE PRODUCT OR SERVICE



Believe in what you sell – how?


A GOOD PRODUCT IDEA IS NOT ENOUGH

Many great ideas fails for other reasons



You must be well rounded


Research and know your market

Networking – Get involved


HERE IS SOME ADVICE FROM THE BEST

And if you don’t believe me…



Richard Branson's Five Secrets to Business Success





A SWOT ANALYSIS FOR THE POTENTIAL ENTREPRENEUR

Now it’s your turn…


Group SWOT Analysis


Take into account…
