opportunities, risks and responsibilities of running your own business
DESCRIPTION
A presentation by Peter Vogel on the Opportunities, Risks and Responsibilities of running your own business.TRANSCRIPT
Center for Entrepreneurial Excellence
Peter Vogel
24.02.2010
What will your magical journey be?
65% of Forbes Billionaires started with …
Oprah Winfrey - Oprah
Amancio Ortega - Zara
Joanne Rowling – Harry Potter
Li Ka Shing– Wealthiest man HK
Inqvar Kamprad - IKEA
I can do ANYTHING
Entrepreneurship is about …
Dreaming
Entrepreneurship is about …
passion
vision
Inspiration
people
ambitiondoing
time
luck
leadership
learning
listening
meaning
commitmentchange
failure
you
optimism
uncertainty
communication
decisions
telescopeidea
Entrepreneurship is like mountaineering …
Running your own business
Opportunities
Resp
onsib
ilities
Risks
Business opportunitiesIdentification
• Abundance of opportunities
• Exchanging and sharing ideas
• Opportunity vs. problem
Exploitation
• Choosing the right opportunity
Opportunities when running your own firm“We are all faced with a series of great opportunities
brilliantly disguised as impossible situations” (Charles Swindoll)
• Motivation
• Learning
• Growth
• Do what you love
• Freedom
• Create jobs
• Network
• Change the world
• Shape your future
Responsibilities when running your own firm
The price of greatness is responsibility (Winston Churchill)
• Employees
• Self-assessment
• Leadership
• Liabilities
• Ethics
• Customers
• Deliver or die
• Financiers
• 150 %
• Social
STIPENDIAFirst Jobzippers Scholarship – 5’000 CHF
• First initiative for scholarship service
• Yearly scholarships
STIPENDIA – CIYDAFungai Alexander Mapondera (26)Contemporary Indigenous Youth
Development Africa(CIYDA)
www.ciyda.org
Project• Young, innovative and ambitious Non-profit organization• Information hub, advocacy and project initiation for youth
development in Zimbabwe
• CIYDA’s four pillars of youth development: Business startup, social & cultural integration, mentorship, Volunteering
• Derives strength in reaching out to network of Zimbabwean youths around the world, various communication platforms and above all else, self sustaining business initiatives that also benefit local youths
STIPENDIA – “With the Eyes of a Child” Elena Rybak (28)
• Education and Creativity
Project
• Swiss painting competition for children from schools and childcare
centers
• Goal: Paint your city the way you see it or would like to see it
• Jury-selected paintings will be exhibited
• The 12 best drawings will be printed to a calendar and sold
• Revenues go directly into schools and for youth development
Risks
The easiest time to take a risk is when you have little to lose.
Risks
Personal
• Social disintegration
• Yo-yo effect
• Stress on family life
• Not letting go
• Opportunity costs
Company
• Choosing wrong
• Fit to market
• Scalability
• Telescoping
• IP
• Lack of profit / cash
Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover (Mark Twain)
Thank you for your attention
Jobzippers
Open Positions
• Country Manager UK
• Head of Marketing (full-
time)
• Sales (full-time)
• University ambassador