Preliminary Preparation to be Become an Entrepreneur

Preliminary Preparation to

Become Successful Entrepreneur

Syed Maruf Reza

Associate Professor

Department of Business Administration

Daffodil International University

Certified Trainer

Kauffman Foundation, USA

Certified GYB & SIYB Trainer

ILO, Geneva

Founder & CEO

Books

Founder Editor & Publisher, Marketing Review

Meaning of ENTREPRENUER

E

xtra Effort

N

ew Ways of Doing Business

T

actics

R

evolutionary Outlook

E

mpowerment

P

eople Orientation

R

ational

E

-Solution for Customer

N

ext Best Alternative/Next Opportunities

U

-first Approach

E

quity

R

eassessment of Decision

Ask Yourself…

What’s the number one reason that I want to start a business?

How well do I organize and plan?

Do I like to challenge myself?

Am I a sales person?

Do I have the stamina and energy to run a business long term?

Am I risk-adverse?

Am I willing to put in long hours and work weekends?

How well do I handle criticism?

Do I have what it takes to be a leader?

Do I have the ability of crisis management?

…Ask Yourself

What is my back up plan?

Steps to Become a

Successful Entrepreneur

Innovative & Creative

Concept

Determination

Skill Development

Personal Branding

Learning from Failure

Networking

Use of Technology

Challenging Attitude

Zero to Hero

Start up Capital: £300

Estimated Wealth: £3.6 billion

X Factors

Market Research Trend Analysis

Target Revenue Experience

Family Support