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Sunday, January 1, 2012
Point of View: Why You Should Concentrate On Your Own Business
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Saturday, November 22, 2008
Community of Women Entrepreneurs
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Dear women’s advocates,
The Center for International Private Enterprise (CIPE) has launched a community of practice for women’s entrepreneurship and a website to support the community:www.reformsnetwork.org/women. I am seeking recommendations of leading women’s advocates who might contribute to the community and benefit from an international exchange on women’s economic empowerment. Kindly tell me if you know any such individuals (or if you yourself are interested), who are comfortable communicating in English.
The Community of Women Entrepreneurs (CWE) shares ideas, experiences, best practices, and resources to empower women economically and politically. Members of CWE are leading entrepreneurs and business advocates who share their knowledge and in return receive fresh ideas from their peers. Discussions in the community focus on supporting a culture of entrepreneurship, expanding opportunities for women in business, and advocating for a better business environment.
Thank you for your support.
Best regards,
______________________________
Kim Bettcher
Knowledge Management Officer
Center for International Private Enterprise (CIPE)
1155 15th Street, NW • Suite 700
Washington, DC 20005
T: 202.721.9200 • F: 202.721.9250
KBettcher@cipe.org • www.cipe.org
Thursday, November 20, 2008
Comparison of Entrepreneurs, Intrapreneurs and Traditional Managers

I am authentic .... …..and highly motivated ….... I can accept small risks and I want to lead and I can’t accept too many instructions from others! My eyes will be scorching and sending smokes signals right away…. I can work in any environment and adaptable to any situation. I am not easily intimidated….....I can work for more than 10 hours a day. I am tough and so resilient….... I can accept failures and I will bounce back and never give up too easily! I try to be innovative and creative in order to sustain my business and differentiate from others. I am an entrepreneur!
The above mentioned are the common characteristics that you should posses in order to remain successful in your entrepreneurial activities.
| | Traditional Managers | Entrepreneurs | Intrapreneurs |
| | | | |
| Primary | Promotion and other | Independence, | Independence and ability to |
| motives | traditional, corporate | opportunity | advance in the corporate rewards |
| | rewards, such as office, | to create, and money | |
| | staff, and power | | |
| | | | |
| Time | Short term- meeting | Survival and achieving | Between entrepreneurial and |
| orientation | quotas, | 5-to 10 year growth of | traditional managers, depending |
| | and budgets, weekly, | growth | |
| | monthly, quarterly, and | business | on urgency to meet self-imposed |
| | the annual planning | | |
| | horizon | | and corporate timetable |
| | | | |
| Activity | Delegates and | Direct involvement | Direct involvement more |
| | supervises | | |
| | more than direct | | than delegation |
| | involvement | | |
| | | | |
| Risk | Careful | Moderate risk taker | Moderate risk taker |
| | | | |
| Status | Concerned about | Not concerned about | Not concerned about traditional |
| | status symbols | status symbols | status symbols - desires |
| | | | independence |
| | | | |
| Failure and | Tries to avoid mistakes | Deals with mistakes | Attempts to hide risky projects |
| mistakes | and surprises | and failures | from view until ready |
| | | | |
| Decisions | Usually agrees with | Follows dream with | Able to get others to agree to |
| | those in | decision | help achieve dream |
| | in upper management | | |
| | | | |
| Who serves | Others | Self and customers | Self, customers, and sponsors |
| | | | |
| Family history | Family members | Entrepreneurial | Entrepreneurial small - business, |
| | worked for large | small business, | professional, or farm background |
| | | professional, | |
| | organizations | or farm background | |
| | | | |
| Relationship | Hierarchy as basic | Transactions and | Transactions within hierarchy |
| with others | relationship | deal making as | |
| | | basic relationship | |
| Source: | |||
Friday, November 14, 2008
Do you wanna be an entrepreneur?


This is a tough job description and it is not an easy task for anybody to become an entrepreneur! Yeah, you may say that you are already a successful corporate manager or executive but that doesn't mean that you can guarantee your success when you ventured into entrepreneurship on your own.
When you are working for an organization, you are working with for a team of people. So, most of the job functions are already been assigned to each and every one to perform the task of the project. So the business performed or carried out based on the team work to ensure success of the business. So, if the project failed ….. The only thing you got is the yell from your boss or worst you get the sack. And eventually sooner or later you will find another employment some where. But if you failed in your business, your financial status will be distressed and it is not as easy as finding another job.
It is totally a different ball game once you entered the entrepreneurship world. You are completely creating the success and destiny of your business based on your performance alone. To be an entrepreneur, it could be very lonely up there. As everything you have to perform on your own. So, this is where many people were caught of not having enough skills or experience to perform their entrepreneurial activities successfully and most of the time their entrepreneurial activity just went busted in less than 2 years.
To ensure the success of your business, you got to have certain characteristics. Majority of the successful entrepreneurs are found to have traits as leaders. You must be able to accept some small risks that come along. Willing to perform working long hours even Saturdays and Sundays you will be working. You must be innovative and far sighted in order to differentiate your business from others. You got to be resilient and tough enough to ride the journey along all the obstacles and facing problems of solving them. You got to be business minded kind of person, should be decisive, dominant and belief in one’s own vision and goal setting are some of the classic characteristics of success factors in becoming a successful entrepreneur.
Before you launch your entrepreneurship, bear in mind what type of business you want to venture. Know the location, what type of business suit you best, who will be your customers? Whether you will need financial support from family or friends or banks?
You should ask yourself….if your business failed will you stay put with your business and nurture it or you are going to close it? If the answer is yes that you are to close the business then you are not ready to venture into entrepreneurship. Better to stay put where you are and enjoy your perks. Get some business skills and the feel of entrepreneurship. I would suggest that you read more books on entrepreneurship or get involve with some part time business… say running it from your home at first and gradually moving out to running a full time business.
In summary, most of the entrepreneurs failed at one time or other but they made it at the end of their entrepreneurship journey as they fervently believe in themselves and the product or services they venture into.
As for me the journey of entrepreneurship is just like driving in a long and winding road.....looks like I'm heading for the storm!
If you need advice do respond or email me.
Wan Rosnah
