Cyber Preneur Ship 4wj1x

UNIT 1 INTRODUCTION TO CYBERPRENEUSHIP

Notes By : Farihan Elyana Bt Zahari

LESSON LEARNING OUTCOME: 1. Define the meaning of cyberpreneurship 2. Identify the difference between conventional entrepreneur and cyberpreneur. 3. Identify sources of entrepreneurial ideas. 4. Determine entrepreneurial ideas. 5. List characteristic of successful cyberpreneur 6. Describe the current and future challenges and opportunities of cyber business 7. Identify business opportunities in a given scenario Notes By : Farihan Elyana Bt Zahari

What is Cyberpreneurship ? • Cyberpreneur Generally is an entrepreneurs who make money by selling product through the Internet. • Cyberpreneurship In this case the entrepreneur to do promotions using electronic brochure which is known as copywriting. Copywritin Sales of products and services on the Internet.

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Notes By : Farihan Elyana Bt Zahari

• What is cyberpreneur? • -combination of the words “cyber” and “enterpreneur”. • -meaning has 2 :1) an enterpreneur who has online based bussiness on the internet that targets international consumers. 2) is someone starting or running a bussiness in cyberspace and the internet.

• What is enterpreneur? • -is any person who starts a bussiness enterprise with the intent on seeing it become successfull and working towards that end.

• What is cyberpreneurship? • -varies from organization which merely promotes itself by using an electronic brochure called a home page on the internet, to companies and organizations which sell their products and services through the use of electronic mail (email) on the internet.

• Technopreneurs? • -Technopreneurs are entrepreneurs who are into the core businesses involving technology-based industries. They make use of technology to come out with new or innovative products through a process of commercialization.

Notes By : Farihan Elyana Bt Zahari

Conventional Entrepreneur vs Cyberpreneurship

Notes By : Farihan Elyana Bt Zahari

Sources of entrepreneurial ideas a) primary sources refer to first-hand data or information gathered directly through : ~ observations. ~ experiments. ~ interviews. ~ surveys.

Notes By : Farihan Elyana Bt Zahari

Sources of entrepreneurial ideas b) Secondary source involved gathering data that have already been compiled and are available. it is initially conducted for one purpose using existing data which is :~ reliable ~ available references ~ mass media and electronic media although secondary source relatively inexpensive, they often become outdated and outmoded, given that they are used for a purpose other than for which was intended. Reliable existing data - can be used by entrepreneur is existing data which is reliable. - example : information obtained from annual report of companies. Reference - an entrepreneur can use reference such as publish information from then library, internet and so on. Mass media and electronic media - ment and information in the Notes newspaper, magazines and internet. By : Farihan Elyana Bt Zahari Information on raw materials can be a business opportunity for an entrepreneur.

How to get idea in business ?

a) Recognizing customer needs and wants

c) Performing self-assessment

b) Analysing or scanning the environment

demographics, population structure, income, and taste

Study on local resouces

New government policies and regulations

Import and export data

e) Matching societal values, community’s response or people’s acceptance

Industrial linkage

Development projects by the public and private sectors Technological breakthrough

d) Screening or choosing business opportunities

Experience

Competition

Knowledge

Legality

Skills

Fixed capital requirement, working, capital and growth opportunities

Financial ability Interest

Mass media and electronic media

f) Preparing or constructing a business plan

Networking

Notes By : Farihan Elyana Bt Zahari

Business risk, financial risk such as credit, cash liquidy, loan and currency exchange

Characteristics of Successful C y b e r p r e n e u r s h i pSeeking Internal focus of control

Committed Opportunity Orientation Confidence & optimistic Moderate risk taker

Initiative & Responsibility Flexible

Characteristics of Successful Cyberpreneurship

Energetic

knowledge

Independent & an organizer Creative & Innovative

Ability to set vision

Tolerance for failure Notes By : Farihan Elyana Bt Zahari

Drive to achieve

Challenges of cyber business Keeping up with the market

Planning ahead

Problem solving

Cash flow and financial management

Right system

Skill and attitude Notes By : Farihan Elyana Bt Zahari

APPROACHES TO SEEKING A BUSINESS IDEA •

There are several approaches of seeking business ideas

Fulfilling

needs and interests

Analysing

life problems

Diversifying Observing Using

the usage of goods

changes in the community

the latest technology

Observing

and establishing a network Notes By : Farihan Elyana Bt Zahari

Discuss in group • Type of business you will involve. Explain detail about product. Need to pesent in next class

Notes By : Farihan Elyana Bt Zahari