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Hardwork vs luck .pptx

  1. B.Sc. Sem-6 assignment Power point presentation By Dharam Daxini Roll number – 133
  3. What is success ?  success is typically defined as “reaching a goal or accomplishing something you've set out to achieve.” it provides a source of motivation for people to change their lives and values. Success is combination of these qualities in any individual  Hard work  Vision  Confidence  Luck
  4. Some of us call these combination in business's terms as “entrepreneurship” And People who owned this title known as “entrepreneurs” such as… chandubhai virani odhavjibhai patel karsanbhai patel
  5. What is entrepreneurship?  It provides numerous opportunities for self expression and realization of one's passion for doing something new and different.  Entrepreneurship leads to increase in the national income of the country and enhance its economic development
  6. What is an entrepreneur ?  French economist, J.B. say (1767- 1832),ENTREPRENEURS “shift economic resources out of an area of lower productivity into one of higher productivity and yield.”  Schumpeter, (1950),an entrepreneur is a person who is willing and able to convert a new idea or invention into a successful innovation. “creative destruction”  Cassady (2008),someone who has courage ,drive and talent to get something new started….
  7. The entrepreneurship paradigm  It is all about big ideas  They are born entrepreneurs  You got to be first  It is all about money  Do something you love and the money will follow  Real entrepreneurs are risk takers  I can’t do it  Special people with big ideas, first in, taking huge risks and making tones of money
  8. 90% of new business venture fail  Approximately 10% fail due to the product  Approximately 80% fail for lack of market
  9. A classic example of a fast second  Who needed a new search engine in 1998. no one  Who is the leader now. Google
  10. They see the big picture
  11. They work hard
  12. They prepare for opportunity
  13. They are problem solvers not problem givers
  14. They take on leadership roles, no matter how small
  15. Myths about entrepreneurship
  16. You need money to start your business  This is the oldest entrepreneur's myth of all times.The first thing that comes out when you ask people about entrepreneurship is that “we need to have huge financial support and have to be rich”  That’s not always true ,the world has seen so many examples of people who are self made, and who started out without any support.
  17. Risk taking route  People generally believe that most successful entrepreneurs take wild, uncalculated risks in starting their organizations.  Its true that risk is a major part of any business idea but, it is mostly later in the development of the company, when the idea has created some real value ,do entrepreneurs take risk of loosing it all if they want to grow continuously.
  18. You need to be expert
  19. Proper planning and clear vision  People believe that most successful entrepreneurs have a well-planned business idea and they have researched and developed their ideas before taking any real action.  It's true that you need strategic planning and proper research but these are later stages of development, rather than a necessary initial ingredient. For many startups, extensive research and planning are generally unnecessary and financially impossible. Ability to adapt is much more important than a thorough, rationalized decision making process.
  20. You need luck to be successful  Bill Gates is the world's richest man, is it all luck? Nope, luck is not an essential ingredient for the success of a business. In addition to the argument of luck, Bill Gates is also a very smart and resourceful person.  This is the story of most business people who prospered with hard work, drive and intelligence.
  21. You need great idea to be successful  Entrepreneurship became synonymous in public mind with "new-age" or "unconventional".This is another common myth about entrepreneurship i.e. lack of a great idea.  It's true that some entrepreneurs run unorthodox businesses, but on the other hand there are people who are owners of a restaurant chain, or automobile moguls and they are no less than of entrepreneurs than unorthodox business owners.  Furthermore, a great idea is less important than a profitable, proven business model.
  22. Personality myth  Many people believe that to be an entrepreneur, you need to have certain personality traits, and that people who are entrepreneurs are born with it. Great entrepreneurs are made through experience and nurture and not through nature.  If you are passionate and have a great idea, you stand every chance to be an entrepreneur.
  23. Immediate success  Most famous people in any field are the ones, who succeeded right out of the gate. Google is the best example in this regards, because of the overnight success they got.  But there is still room in the business world for people who learn from their mistakes, who fall and again start.There are many individuals who saw success after a great amount of hard work.  Winston Churchill rightly said "Success consists of going from failure to failure without losing enthusiasm
  24. On your own  starting a business by yourself is wonderful, but it's really hard.The saying of too many cooks spoil the broth, doesn't apply in business.You need a partner who will share the same thoughts of success as you.  A Partner will help you fight the challenges which your business will face, and will always guide you on the right track. Having a partner also takes off some pressure from you, in case you need your personal time. A partner also serves as a 2nd eye into details you might not see or think about.
  25. Its easy  The idea that everyone is capable of working for themselves easily, and that everyone can be an entrepreneur without putting in the effort is a myth.There are several important differences between entrepreneurship and employment, and some are incapable of making the needed adjustments.  There are some people who cannot get work done without external pressure and for them entrepreneurship is just a dream.
  26. Luck or hard work? Life stage Hard work % Student 90 Employee 50 Entreprene ur 25 monk 10
  27. Thank you credit/source:- Text – Image -