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    THE ADMINISTRATOR

    AS AN

    ENTREPRENEUR

    Pauline

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    WHO IS AN

    ENTREPRENEUR?

    An entrepreneur is aperson who undertakes

    and operates a newenterprise orventure andassumes someaccountability for theinherent risks with the

    expectation that profits willbe made.

    Entrepreneurship is oftendifficult, as many newventures fail in the first

    year

    Entrepreneurship is

    the practice of starting,new businessesgenerally in responseto identifiedopportunities.

    Entrepreneurshipranges in scale fromsolo proprietorships tomajor corporations)

    http://en.wikipedia.org/wiki/Enterprisehttp://en.wikipedia.org/wiki/Venturehttp://en.wikipedia.org/wiki/Entrepreneurshiphttp://en.wikipedia.org/wiki/Businesshttp://en.wikipedia.org/wiki/Businesshttp://en.wikipedia.org/wiki/Entrepreneurshiphttp://en.wikipedia.org/wiki/Venturehttp://en.wikipedia.org/wiki/Enterprise
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    THE OFFICE ADMINISTRATOR

    Office administrators undertake a range of functions to make sure theadministrative activities within an organization run smoothly.

    An office administrator usually perform the following tasks:

    supervise the day to day running of the office

    interview job applicants conduct orientation programs for new employees

    be involved in staff training and development, the preparation ofjob descriptions, staff assessments and promotions

    prepare annual estimates of expenditure, maintain budgetary and

    inventory controls and make recommendations to management maintain management information systems (manual orcomputerized)

    provide and maintain business premises and other facilitiesincluding plant and equipment

    review and respond to correspondence

    executive services for the company

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    Oversee the overall administrative details of theorganization

    Must have a good grasp of the operations of the

    organization Capable of multi-tasking

    Be efficient

    Team player

    Be Creative

    Meticulous and detailedimportant ingredients forthe success of any business

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    The economic advantages

    A Calculated Decision Assess RisksThe way out of unemployment for many

    A Vision a dream

    Forced Entrepreneurship or a desire

    Writing your own pay cheque

    Making social, physical and mental

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    ?

    Do you have the passion to succeed?

    From the plain and humble beginnings of his family to

    becoming one of the richest men in America, Hersheyspassion for chocolate was matched by nothing excepthis love of children. Although he smoked between eightto ten cigars a day until his death in 1945, Hershey lived

    a long life, filled with both failure and success, lots ofhard work and determination, and a concern for hisfellow man. That was Hersheys recipe for success

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    Where is Your Market?

    Globalization - the absolute infinite and

    borderless market facilitated by the

    advancement in technology.

    The CSME makes its easier to member

    countries

    for trading relations

    Use it well

    Your market the world is at your doorstep

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    STRATEGIC

    ENTREPRENEURSHIP Strategic Vision-Entrepreneurial success depends on the ability

    to think strategically, have a clearstrategic visionWhat doesthe future direction of the business look like

    Craft your Vision and Mission statement to embody the imageof the business. Make sure that the mission is in sync with what

    your clients can expect of you. What is needed and quite often ignored by entrepreneurs is abusiness strategy .....YOU must have a strategy only wayforward

    Complete a strategic plan-Your strategy is a plan for interactingwith the competitive environment to achieve your intendedgoals ...globalization, CSME

    Identify your Long term and short term objectives

    The Strategic ImplementationPutting it together to achieve theplanned results.

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    Uncover, identify, and know what creates and drives value in yourbusiness.

    Understand how to clearly communicate your "value drivers" to yourventure team and potential investors.

    Understand the business planning process and the business plan,

    its importance, and uses. Understand how to prepare your first value map that helps you find

    immediate sales traction in fast-changing marketplace.

    Understand the types of different exit strategies, and identify the onethat is best for your venture.

    Understand how entrepreneurs are successfully getting aheadtoday, and how to get on the radar

    Avoid sand traps, land mines, and instant deal killers with investors.

    you need a roadmap to success for your business and a planas to how to break into the market

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    Creativity, Imagination, and Capitalizing onOpportunities

    Opportunities arise from imagination and insight and leadto creative, valuable inventions and innovations.

    What creates opportunities?

    While we know much aboutINDIVIDUALcreativity, how does itcontribute to the innovation process?

    To what extent is creativity anINHERITED characteristic, and

    what can we learn from the behavioral sciences about it? IsIMAGINATION a group process? What is organizational

    creativity? How are opportunities identified?

    What is required to exploit opportunities?

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    Entrepreneurship and Economic Growth It is well-established that entrepreneurship plays an important role in job

    creation and therefore in economic growth and development of variousgeographic entities from villages to regions and even to entire countries.

    Thus, to advance the level of growth and development at all geographiclevels, some scholars believe we need to encourage, motivate, andsupport entrepreneurial activities.

    Look at what can be done through public policy formation to promoteentrepreneurial activity?

    What institutions have the greatest impact on entrepreneurship?

    Do certain policies increase entrepreneurial firms ability to create jobsand create growth?

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    As the global environment moves faster,innovation and its partner, change, are requirements forsurvival and success.

    The role of innovation has been much studied and

    some place it at the heart of success, certainly as aprecursor to change.

    How does innovation arise? Can we understand theprocess that creates it? Respond to the market

    How can we identify and learn from potentiallyvaluable innovations that never make it?

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    1. Improve basic efficiency - all the time.2. Think as simply and directly as possible about

    what you're doing and why.3. Behave towards others as you wish them tobehave towards you.4. Evaluate each business and business

    opportunity with all the objective facts and logicyou can muster.5. Concentrate on what you do well.6. Ask questions ceaselessly about yourperformance, your markets, your objectives.

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    CONTD

    7. Make money: if you don't, you can't do anythingelse.8. Economise, because doing the most with theleast is the name of the game.

    9. Flatten the company, so authority is spread overmany people.10. Admit to your failings and shortcomings,because only then will you be able to improve onthem.

    11. Share the benefits of success widely amongthose who helped to achieve it.12. Tighten up the organisation whenever you can -because success tends to breed slackness.

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    THE END