developing entrepreneurial skills
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Developing Entrepreneurial Skills in the Kingdom
of Saudi Arabia
By
Dr. Nabil ShalabyManager, Entrepreneurship & SMEs Development Center
Nov. 18, 2008
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VisionVisionTo be the essential body forsupporting Entrepreneurs andSMEs development in KSA
MissionMission
SMEDEC
Providing high qualityservices to enhance thecompetitiveness of SMEs
Small and Medium
Enterprises Development Center
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Technical
Consulting
Administration
Consulting
Information
ServicesDiagnosis of
Enterprises
Training &
WorkshopsTechnology
Transfer
Networking
Marketing
Services
Publications
ActivitiesActivities
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ConsultancyConsultancy
0 100 200 300 400
Others
Technology
Innovations
Legal Advice
Tenders
New Business
Adminstration
Marketing
Finance
More than 3500consulting services
(2002-2008)
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Entrepreneurship Development Program (EDP)
Don’t give me a fish,
but teach me how to fish.
A Chinese old proverb
Don’t give me a fish, but teach me how to start and
operate a “ fish farm”.Nabil Shalaby
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Entrepreneurship Development Program (EDP)
Contents
Before you start.
Differentiate business opportunities.
Prepare your feasibility study.
Financial and Accounting Issues.
Marketing Issues.
Legal and Laws.
Developing personal skills.
Franchising.
Business Plan.
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Characteristics of Successful EntrepreneursCharacteristics of Successful Entrepreneurs
An eye for opportunityMany entrepreneurs start by finding a need and quickly satisfying it.
IndependenceEven though most entrepreneurs know how to work within the framework for the
sake of profits, they enjoy being their own boss.
An appetite for hard workMost entrepreneurs start out working long, hard hours with little pay.
Self-confidenceEntrepreneurs must demonstrate extreme self-confidence in order to cope with all
the risks of operating their own business.
DisciplineSuccessful entrepreneurs resist the temptation to do what is unimportant or the
easiest but have the ability to think through to what is the most essential.
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Characteristics of Successful EntrepreneursCharacteristics of Successful Entrepreneurs
JudgmentSuccessful entrepreneurs have the ability to think quickly and make a wise
decision.
Ability to accept changeThe entrepreneur thrives on changes and their businesses grow.
Make stress work for themOn the roller coaster to business success the entrepreneur often copes by
focusing on the end result and not the process of getting there.
Need to achieveAlthough they keep an "eye" on profits, this is often secondary to the drive toward
personal success.
Focus on profitsSuccessful entrepreneurs always have the profit margin in sight and know that
their business success is measured by profits.
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EDP- Personal Skills Development
• Self Assessment of Entrepreneurial Characteristics
• Strategic Thinking and Planning
• Communication Skills
• Presentation Skills
• Time Management
• Problem Solving and Decision Making
• Negotiation Skills
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مقارنة السمات الشخصية للخزيجينمقارنة السمات الشخصية للخزيجين
0 1 2 3 4 5
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مقارنة السمات الشخصية لكل من الذكور واإلناثمقارنة السمات الشخصية لكل من الذكور واإلناث
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EDP - 1st Group
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EDP - 2nd GroupEDP - 2nd Group
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EDP - 3rd GroupEDP - 3rd Group
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EDP - 4th GroupEDP - 4th Group
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EDP - 5th GroupEDP - 5th Group
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EDP - 6th GroupEDP - 6th Group
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EDP - 7th Group (Only Tourism Ideas)EDP - 7th Group (Only Tourism Ideas)
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Trainees Business Plans Trainees Business Plans
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Field VisitsField Visits
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Field VisitsField Visits
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Field VisitsField Visits
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Gender of Graduates Gender of Graduates
Males
78 %
Females
22 %
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Age of GraduatesAge of Graduates
18-25 Years17 %
26-35 Years66 %
36-45 Years17 %
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Education QualificationEducation Qualification
Secondary30 %
University64 %
M.Sc. & Ph.D. 6 %
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Manufacturing 18 %
Service 37 %
Contracting 18 %
Trading 31 %
Business SectorsBusiness Sectors
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EDP - Success Stories
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EDP - Success Stories
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Fostering EntrepreneurshipFostering Entrepreneurship
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Fostering EntrepreneurshipFostering Entrepreneurship
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Thank You
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