"Comprehensive Entrepreneurship" Symposium & Expo: Opportunities in Global Market
"Comprehensive Entrepreneurship" Symposium & Expo: Opportunities in Global Market
Victor
Kiam
ALEAP Entrepreneurship – Pros & Cons
Entrepreneurship provides an Opportunity:
• • Fewer Benefits
For Flexibility
• To Do What is Enjoyable
• To the nation
– Economy
– Jobs
– Better Resources & Talent utilization
– Competitive Environment
– Improved Quality of Products
– Attraction of Foreign Investment
• To the society
– Standard of society
INDIVIDUAL SOCIETY NATION
– Employment level
– Morale
• To the individual
– Improvement in Income Level
– Better Quality Life
– Self Esteem & Dignity
ALEAP Popular Areas of Small Business Enterprise
• Services
Manufacturing
• Retailing 5%
• Construction Finance &
Insurance Other
• Financial 10% 1.7%
• Insurance Wholesale
• Wholesaling 8%
• Transportation
• Manufacturing
Construction Services
Retailing 37.6%
10%
22.7%
Transportation
5%
Types of Business Organizations
Type of Business
7% 20%
73%
Sales Revenue
89%
5%
6%
Motivation Reduction of barriers to entry, Opportunity
obstacles (time & cost), tax
Promotion of an changes, other regulations Start-up financing;
entrepreneurship loan guarantees;
Objectives
culture; promotion -Entrepreneurial climate and seed capital;
of enterprise; micro-loans
culture
reduce stigma of -Encourage entrepreneurship
failure -Favorable attitudes to
entrepreneurship Business start-up
Entrepreneurship -Increase business start-up
education in the support
rate; the creation of new (incubators,
schools
businesses; the number of mentoring, first-
new firms; the number of stop shops,
entrepreneurs networks, start-up
portals)
Target underrepresented groups
and techno-starters
Skills
Innovative Entrepreneurship:
Opportunities for
Economic Demographics
entrepreneurship
performance – and industrial
GDP/capita; structure – size of
GDP growth, service sector ,
unemployment Outcome Structure size of
rate government, age
of population,
SME & population growth
entrepreneurial
vitality
Density - % of business
‘Dynamic ‘– entries, exits,
owners, SMEs; SME
growth, decline
employment; nascent %
Favorable context
ALEAP Roadmap for Entrepreneurs
•
ALEAP Resources