IT Entrepreneurship in Pakistan UNESCO Seminar Karachi University March 2006
CONTENTS § § § Why become an entrepreneur? Opportunities for You The Enterprise in Action How do I start? Information Sources
Why become an entrepreneur? § § Jobs pay less Jobs are not secure any more You can set your own pace Sky is the limit …. . but there are Risks!
Some IT Opportunities § § § SW House / IT Training Free lance Programming Consultancy Services § Networking / Security § IT Audit § SW Quality Assurance § ISO 9000 / CMMI § ERP Selection & Implementation
Inside the enterprise § Sales § Production § Billing § Collection
Inside the enterprise SALES § Most difficult for IT professionals § Always have a written contract § A good contract = both parties win § Contracts must include: - Scope of Work - Deliverables - Client Responsibilities - Payment Terms
Inside the enterprise PRODUCTION § Follow the contract in letter and spirit § Document as much as possible BILLING § X % advance upon contract signature § N 1, n 2, n 3 % for each Deliverable § Stay ahead of the payments made
Inside the enterprise COLLECTION § Stop work if payment is not received after repeated reminders § Negotiate the settlement § Legal notice as a last resort
How do I start? § Select the domain most suitable for you § Prepare a Strategic Plan – Long Term / Short Term Goals § Resources (Skills, Experience, Money, Time) • NEEDED by your enterprise • AVAILABLE to you today § How to fill the Resource Gap?
How do I start? § Prepare your Long and Short Term Action plan BUT NOTE……. . § Many activities can be done in parallel e. g. Developing SW in you spare time § Skill building takes time e. g. Joining a good SW house for 1 year
How do I start? Keep in mind………. § Money can be accumulated but may be difficult to keep § Good long term strategy and hard work always wins § Pray for success
Information Resources § Website - smeda. org. pk Market Studies & “How To. . ” Reports § Website - pasha. org. pk Successful products / services
Information Resources § Meet SW House CEO’s Potentially successful products § Student Projects can be ‘polished’ into beautiful products
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