opportunities, risks and responsibilities of running your own business

17
Center for Entrepreneurial Excellence Peter Vogel 24.02.2010

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A presentation by Peter Vogel on the Opportunities, Risks and Responsibilities of running your own business.

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Page 1: Opportunities, Risks and Responsibilities of Running your Own Business

Center for Entrepreneurial Excellence

Peter Vogel

24.02.2010

Page 2: Opportunities, Risks and Responsibilities of Running your Own Business

What will your magical journey be?

Page 3: Opportunities, Risks and Responsibilities of Running your Own Business

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

Page 4: Opportunities, Risks and Responsibilities of Running your Own Business

I can do ANYTHING

Entrepreneurship is about …

Dreaming

Page 5: Opportunities, Risks and Responsibilities of Running your Own Business

Entrepreneurship is about …

passion

vision

Inspiration

people

ambitiondoing

time

luck

leadership

learning

listening

meaning

commitmentchange

failure

you

optimism

uncertainty

communication

decisions

telescopeidea

Page 6: Opportunities, Risks and Responsibilities of Running your Own Business

Entrepreneurship is like mountaineering …

Page 7: Opportunities, Risks and Responsibilities of Running your Own Business

Running your own business

Opportunities

Resp

onsib

ilities

Risks

Page 8: Opportunities, Risks and Responsibilities of Running your Own Business

Business opportunitiesIdentification

• Abundance of opportunities

• Exchanging and sharing ideas

• Opportunity vs. problem

Exploitation

• Choosing the right opportunity

Page 9: Opportunities, Risks and Responsibilities of Running your Own Business

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

Page 10: Opportunities, Risks and Responsibilities of Running your Own Business

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

Page 11: Opportunities, Risks and Responsibilities of Running your Own Business

STIPENDIAFirst Jobzippers Scholarship – 5’000 CHF

• First initiative for scholarship service

• Yearly scholarships

Page 12: Opportunities, Risks and Responsibilities of Running your Own Business

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

Page 13: Opportunities, Risks and Responsibilities of Running your Own Business

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

Page 14: Opportunities, Risks and Responsibilities of Running your Own Business

Risks

The easiest time to take a risk is when you have little to lose.

Page 15: Opportunities, Risks and Responsibilities of Running your Own Business

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

Page 16: Opportunities, Risks and Responsibilities of Running your Own Business

Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover (Mark Twain)

Thank you for your attention

Page 17: Opportunities, Risks and Responsibilities of Running your Own Business

Jobzippers

Open Positions

• Country Manager UK

• Head of Marketing (full-

time)

• Sales (full-time)

• University ambassador