This document discusses entrepreneurship and provides advice for starting a business in Pakistan. It begins by identifying a problem that many graduates in Pakistan do not have job opportunities despite their qualifications. It then discusses four types of mindsets for employment and discusses the differences between a businessman and entrepreneur. The document provides tips for starting a business, including understanding your target market, personal finances, and marketing strategies. It also lists some potential business ideas in the biotechnology industry in Pakistan.
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Starting a Biotech Business
1. BIO- ENTREPRENEURSHIP
By:
Dr. Muhammad Salman Amazai
CEO, Academy of Scientific Write-up & Presentation
Assistant Professor Dept. of Microbiology & Biotechnology Abasyn University Peshawar, Pakistan
President, Pakistan Biotechnology Association
Research Associate, National Research Council, Ottawa, Canada
2. • “There is an abundance of talent in the Pakistani youth; they just don’t
have the opportunities to fully utilize their potential”.
• How many times have you heard this quote? And to be honest, I’m really
tired of hearing it all the time.
• First of all, identifying the problem and then just leaving it there isn’t
really going to help anyone.
• Indeed we do have a lot of potential in our youth, and better
opportunities would definitely help make productive use of their
abilities.
• But if you are truly passionate for this cause, then do something about
it!
3. Big problem with Bio graduates
I have completed my Postdoc, PhD, MPhil and BS now its my right that Govt must give me job in the
universities.
Top three skills
•1. Reading and writing = teaching
•2. Ummmm = Nothing
•3. AAAmmm = Nothing
•4. Hmmmmmmm = Nothing
What next to do ???
Take CV and round to universities, private Schools and colleges
Apply for SS, SST and even PST
4. Entrepreneurship is the process of designing, launching and
running a new business, which is often initially a small business.
The people who create these businesses are called entrepreneurs.
5.
6. 4 Types of Mindsets
Employ Business
Self
Employ
Investor
Use money
only
7. BUSINESSMAN
A person who is engaged in
carrying out any activity, related to
commercial and industrial purposes
He sets up his business as
a new entrant in the
market as for the existing
business.
The main objective of a
businessman for
conducting the economic
activities is to generate
revenue by employing the
human, financial and
intellectual resources.
ENTREPRENEUR
A person who conceives a unique
idea or concept to start an
enterprise and brings it into reality.
The venture established by the
entrepreneur is known as Startup
Company, which is formed for the
very first time regarding the idea,
innovation or business process.
Entrepreneurs are known for their
creative approach. They introduce
innovation and coordinate the
resources. They offer such
products and services which bring
about a change in the world.
8. IDEAS
are thoughts that pop into
your head and happen all the
time.
• Leonardo was one of most
famous dreamers or all time.
• He conceptualized
helicopters, mechanical
devices and many other
hundreds of years before
they were actually built. He
invented few of them.
INVENTIONS
are ideas that are reduced to
practice.
• You take the idea and build
something. You think of a
new design and create it or
you build a prototype. Unlike
innovations, though,
inventions may or may not
have value.
INNOVATION
is the process of taking inventions and
discoveries and creating user defined value
by doing something new or doing something
old in a new way .
• Identifying a market niche,
• developing a compelling value proposition-
the promise
•the business makes to the customer- and
implementing a plan such that the company
can make a profit.
• building a device or creating a new
healthcare service is worthless without a
market willing to buy or use it.
9. 1
2
1. Observation
2. Understanding
Study biographies and success and
failure stories of entrepreneurs.
3 Application
Apply the thing which you observed and understand this is “Leaning”
Business learning
10. 1. Take a Stand for Yourself
•Dissatisfied? No one can fix except you.
•Don’t blame the economy, your boss, your spouse, your family or your country.
•Change can only occur when you make a conscious decision to make it happen.
2. Identify the Right Business for You
•Ask yourself "What gives me energy even when I'm tired?“
•three common approaches to entrepreneurship:
•1. Do What You Know, 2. Learn about other businesses that interest you, 3. Is there a gap in the market?
3. Business Planning Improves Your Chances for Success
•What am I serving?
•Who will I serve?
•What is the promise I am making to my customers/clients and to myself?
•What are my objectives, strategies and action plans (steps) to achieve my goals?
4. Know Your Target Audience Before You Spend a Penny
•who, exactly, will buy your products or services other than your family or friends?
•What is the size of your target market?
•Who are your customers?
•Is your product or service relevant to their everyday life?
•Why do they need it?
8 Tips for Start up
11. 5. Understand Your Personal Finances and Choose the Right Kind of Money You Need for Your Business
• You are likely to be your first--and possibly only--investor.
• Detailed understanding of your personal finances, and the ability to track them before seeking outside funding for your business
6. Build a Support Network
• When attending networking events, ask others what they do and think about how you can help them.
• No matter what group you join, be generous, help others and make introductions without charging them.
• By becoming a generous leader, you will be the first person that comes to mind when someone you've helped needs your
service or hears of someone else who needs your service.
7. Sell By Creating Value
• Even though we purchase products and services every day, people don't want to be "sold." Focus on serving others. The more
people you serve, the more money you will make.
8. Get the Word Out
• Even though social networks are essential today (you must use them!),
• don't underestimate the power of other methods to get the word out: e.g., word-of-mouth marketing, website and internet
marketing tools, public relations, blog posts, columns and articles, speeches, e-mail, newsletters, and telephone
15. How to start a company in Pakistan
1. Identify the problem of you interest to solve
2. Discuss with friends who are really interested
3. Company name
4. Register your company with SECP
5. Target customers
6. Market
7. Sell
8. Manage purchase, sale and expenses