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Influences in establishing SME

Conclusion

  • Who makes the best entrepreneur?
  • Is training or motivation and drive more important?
  • Would you take the risk in starting your own business eventually?
  • Why or why not?

Spanks - Smarty Pants (60 minutes)

http://sixtyminutes.ninemsn.com.au/article.aspx?id=8715127

Personal Qualities

Qualifications

  • Are they necessary?
  • Formal/informal qualifications
  • Knowledge
  • Understanding of business concepts
  • Experience
  • Motivation
  • Entrepreneurial Spirit

Skills

Motivation

EXPERIENCE

  • Training
  • Exposure to various aspects of buinsess operations
  • Hands on experience
  • Courses - training
  • Personal Drive
  • Determination
  • Desire to achieve a goal or objective
  • Freedom

Entrepreneurship

Cultural Background

Do you have these characteristics?

  • Influence reasons for establishing a business
  • Traditions and beliefs
  • Work Ethic
  • Centuries of experience in certain trade or services

Identify your entrepreneurial skills....

Skills I presently possess

Skills I would need to develop

How I would obtain these new skills

Do you have what it takes?

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