COMP 315 TECHNOPRENEURSHIP

Mr. Alvin R. Malicdem Instructor

HOW GREAT WE ARE?

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Are they any business opportunities from this scenery?

BEE4613 Technopreneurship

How many business should be established to have all this stuffs inside your kitchen?

BEE4613 Technopreneurship

How about this messy room?

BEE4613 Technopreneurship

How about communication industry?

BEE4613 Technopreneurship

How about airlines industry?

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WHY WE NEED AN ENTREPRENEUR?

Identify how many of

Business items (we have to pay). Non-business items (free of charge) Inside this lecture room???

BEE4613 Technopreneurship

Percentage???

% = Business items non-business items x 100% Business items

Wha Ca Yo S e Lo kin Beo d? t n u e, o g y n

BEE4613 Technopreneurship

SMALL BUSINESS

is a business that is privately owned and operated, with a small number of employees and relatively low volume of sales.(Wikipedia) Generally, it has insufficient resources to dominate its field of business.(F. Fajardo) Small businesses are normally privately owned corporations, partnerships, or sole proprietorships

SMALL BUSINESS

Corporation - a company recognized by law as a single body with its own powers and liabilities, separate from those of the individual members. Partnership - a company set up by two or more people who put money into the business and share the financial risks and profits. Sole proprietorship - a business owned by one person.

SMALL BUSINESS

The legal definition of "small" varies by country and by industry In US, fewer than 500 employees for manufacturing businesses and less than $7 million for non manufacturing. In EUROPE, has under 50 employees In AUSTRALIA, fewer than 15 employees Small businesses are usually not dominant in their field of operation.

SMALL BUSINESS

Small businesses are common in many countries, depending on the economic system in operation
Convenience Bakeries Hairdressers

stores

SMALLEST BUSINESS
often located in private homes, are called microbusinesses (term used by international organizations such as the World Bank and the International Finance Corporation) common colloquial expression for a singlefamily operated business with few (or no) employees other than the owners

SMALLEST BUSINESS
American and European under 10 employees the term Very Small Business is now being used to refer to businesses that are the smallest of the smallest, such as those operated completely by one person or by 1-3 employees.

STRENGTHS OF SMALL BUSINESS

can be started at a very low cost and on a part-time basis well suited to internet marketing because it can easily serve specialized niches proprietors tend to be intimate with their customers and clients which results in greater accountability and maturity.

STRENGTHS OF SMALL BUSINESS

Independence is another advantage of owning a small business. One survey of small business owners showed that 38% of those who left their jobs at other companies said their main reason for leaving was that they wanted to be their own bosses. Freedom to operate independently is a reward for small business owners

STRENGTHS OF SMALL BUSINESS

However, entrepreneurs have to work very long hours and understand that ultimately their customers are their bosses

WEAKNESS OF SMALL BUSINESS

Small businesses often face a variety of problems related to their size A frequent cause of bankruptcy is undercapitalization In the United States, some of the largest concerns of small business owners are insurance costs (such as liability and health), rising energy costs and taxes.

WEAKNESS OF SMALL BUSINESS

small business owners tend to be more concerned with excessive governmental red tape Another problem for many small businesses is termed the 'Entrepreneurial Myth' or EMyth. The mythic assumption is that an expert in a given technical field will also be expert at running that kind of business

WEAKNESS OF SMALL BUSINESS

Still another problem for many small businesses is the capacity of much larger businesses to influence or sometimes determine their chances for success.

End of Lecture. Any questions?