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    Ent 101 Module-1

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    thestephanie.white
    Module of entrepreneurs

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    Ent 101 Module-1

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    Module of entrepreneurs

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    Module of entrepreneurs

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    35 views3 pages

    Ent 101 Module-1

    Uploaded by

    thestephanie.white
    Module of entrepreneurs

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    CENTRE FOR ENTREPRENEURSHIP DEVELOPMENT

    Adekunle Ajasin University Akungba Akoko

    SEMINAR

    ON

    HOW TO TURN

    PASSION INTO PROFIT

    ENT 101

    By

    A.O. OLUWADAYISI Esq.

    Overview

    The Blue Ocean Strategy

    Finding Opportunities in every challenge

    Evaluating a business passion

    Personality Characteristics

    Choice of Business Ventures

    The Magic of Networking

    The Blue Ocean Strategy

    Creating ″blue oceans″ of uncontested market space.

    Unlocking new demand and making the competition irrelevant.

    Example of creating a new market space, by “blending oceans″ OR packaging to create


    uncontested market space.

    TATA Motors: In their recent product India's " Nano Car" – 'World's Cheapest Car' they have
    adopted combination of differentiation and low cost as stated in Blue Ocean Strategy.

    CCTV & China Media Business.

    Finding Opportunities in every challenge


    Think Positively. I can. Most people simply do not get what they want because they have no
    courage to believe that they can acheive it.

    Don't focus on the problems, focus on finding opportunities.

    Think of what it is you really want to achieve. Engage your sub-concious mind.

    Think about how you can accomplish your goal.

    Look at it from different perspective; try each of these views: opportunist; entrepreneur,
    optimist; child; dreamer; strategist; architect.

    Make it a habit to see every problem as an opportunity.

    OPPORTUNITY QUOTES

    "In the middle of difficulty lies opportunity." ~ Albert Einstein

    "Trouble is only opportunity in work clothes." ~ Henry J. Kaiser

    "Opportunity is missed by most people because it is dressed in overalls and looks like work."
    ~Thomas Alva Edison

    "We are all faced with a series of great opportunities brilliantly disguised as impossible
    situations." ~ Charles R. Swindoll

    “Think of using all obstacles as stepping stones to build the life you want." ~ Marsha Sinetar

    Evaluating a business passion

    Passion is at the heart of entrepreneurship. Given the uncertain success of launching new
    products and services, and the challenges of developing new organizations with limited
    resources, passion can become a key driver of entrepreneurial action.

    Passion can “fuel motivation, enhance mental activity, and provide meaning to everyday
    work”. It can foster creativity and the recognition of new information patterns critical to the
    discovery and exploitation of promising opportunities.

    Passion has been associated with the ability of entrepreneurs to raise funds from investors
    and to hire and motivate key employees.

    Scholars have pressed for a deeper understanding of passion as a central element of


    entrepreneurial efforts.

    Choice of Business Ventures/Organization


    Under the Nigerian Corporate Law and Practice as regulated by Companies and Allied
    Matters Act Cap. C20 Laws of Federation of Nigeria 2004 we have the following business
    ventures you can choose from:

    Private Company Limited by Shares

    Public Company Limited by Shares

    Private Company Limited by Guarantee

    Public Company Limited by Guarantee

    Private Unlimited Company

    Public Unlimited Company

    Sole Proprietorship (One Man Business)

    Partnership (Limited to 20 Members)

    The Magic of Networking

    Access to Financial Capital

    Recruiting Skilled Labour

    Access to Tacit Knowledge

    Access to Undisclosed Market

    Interconnectivity

    BE CHALLENGED TO MAKE MONEY FROM TODAY

    DETERMINE TO BE RICHER THAN YOUR PARENTS

    THINK ABOUT ONE BUSINESS TODAY AND GROW IT

    THINK OUTSIDE THE “BOX”-WHITE COLLAR JOB.

    BE AN ENTREPRENEUR

    Be like me, a lecturer, a lawyer, a consultant, a researcher and an entrepreneur.

    Thanks for your Attention!

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