2. Business
• Entrepreneurial attributes
– Totally committed
– Hard working
– Accepting an uncertainty
– Healthy
– Self-disciplined
– Innovative
– Well-rounded
– Driven to succeed
3. Score yourself
1. I know my personal and business objectives.
2. I get tasks accomplished quickly.
3. I can change direction quickly if market conditions alter.
4. I enjoy being responsible for getting things done.
5. I like working alone and making my own decisions.
6. Risky situations don't alarm me.
7. I can face uncertainty easily.
8. I can sell my business ideas and myself.
9. I haven't had a day off sick for years.
10. I can set my own goals and targets and then get on with achieving them.
11. My family is right behind me in this venture - and they know it will mean long
hours and hard work.
12. I welcome criticism - there is always something useful to learn from others.
13. I can pick the right people to work for me.
14. I am energetic and enthusiastic.
15. I don't waste time.
4. If…
• Your score is >= 30, you’re ready to go.
• Your score is between 20-30, you need to set
things first.
• Your score is <20, think again.
6. Other whys?
• You can gain financial freedom
• You have unlimited customer reach
• It’s affordable
• Your schedule is flexible
• Novices are welcome
• You can start quickly
• You can expand an existing business
• No age barriers exist
• A variety of ideas qualify
• Everyone else is doing it
7. Type of online business
• B2C (Business to Customers)
• B2B (Business to Business)
Both can be divided into:
• E-tail
• Storefront
• Service business
• Content site
• E-commerce application
8. Lets start
• Set clear goals
• Create an action timeline
• Identify your business
• Develop your business idea
9. Assignment for today
Assemble your plan into these categories:
– Type of OL business : B2C/B2B E-tail/??
– Goals: set your goals here…
– Action timeline from now to the end of the
semester.
