3. PERCIVED DEIREABILITY:
1. EDUCATION:
2. PERSONAL VALUES:
3. AGE:
4. WORK HISTORY:
Benchmarking:
Compare the performance with the best in the world
ROLE MODELS AND SUPPORT SYSTEMS:
Ideal is not in ur access but role model is in your access and you can share and
discuss with him when you want to.
ROLE MODEL:
SUPPORT SYSTEM:
a) Mentors:
A coach, advocate and expert in the filed and provides “HOW TO” advise. A
person with which the entrepreneurs can share his problems and success.
b) Business Associates:
c) Trade Association:
Regional and national associations who keep the developments and provide
industry data and may include trade association of respective field e.g. APTMA
and the Chamber of Commerce.
d) Personal Affiliation:
This includes shared hobbies, supporting activities, clubs, civic involvement and
school alumni group. These above support system helps in resource
identification and acquisition and locates opportunities.
Male Vs Female Entrepreneur
Male Female
i) Motivation
Achievement based on
Achievement that is striving to make accomplishment of goals and
things happen and personal independence to do it alone.
independence
vi) Background
Age 25 – 35, self employed father, first Age 35 – 45, self employed father,
born child first born child
vii) Support Group
ii) Experimentations: Trial and errors are encouraged. This culture allows
mistakes and failures in developing new and innovative products.
vii) A volunteer involvement: Self motivated and self selected and every one
is not suitable for this activity.
7. Persistent:
He can deal with obstacles and frustration.
Step 1:
Step 2:
Ideas and general areas that top management is interested in are identified along
with
money, risk, time, profitability and impact on organization.
Step 3:
Use state of the Art technology
Step 4:
Step 5:
Step 6:
Step 7:
Step 8:
Step 9: