1. UNIT 1 INTRODUCTION TO CYBERPRENEUSHIP
Notes By : Farihan Elyana Bt Zahari

2. 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

3. What is Cyberpreneurship ?
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. Sales of products and services on the Internet.
Copywriting ??
Notes By : Farihan Elyana Bt Zahari

4. 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 ( ) 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

5. Conventional Entrepreneur vs Cyberpreneurship
Notes By : Farihan Elyana Bt Zahari

6. Sources of entrepreneurial ideas
primary sources
refer to first-hand data or information gathered directly through : - ~ observations. ~ experiments. ~ interviews. ~ surveys.
Notes By : Farihan Elyana Bt Zahari

7. Sources of entrepreneurial ideas
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 - advertisement and information in the newspaper, magazines and internet. Information on raw materials can be a business opportunity for an entrepreneur.
Notes By : Farihan Elyana Bt Zahari

8. How to get idea in business ?
e) Matching societal values, community’s response or people’s acceptance
a) Recognizing customer needs and wants
c) Performing self-assessment
b) Analysing or scanning the environment
d) Screening or choosing business opportunities
f) Preparing or constructing a business plan
demographics, population structure, income, and taste
Industrial linkage
Experience
Competition
Knowledge
Legality
Development projects by the public and private sectors
Study on local resouces
Skills
Fixed capital requirement, working, capital and growth opportunities
Financial ability
Technological breakthrough
New government policies and regulations
Interest
Business risk, financial risk such as credit, cash liquidy, loan and currency exchange
Import and export data
Mass media and electronic media
Networking
Notes By : Farihan Elyana Bt Zahari

9. Characteristics of Successful Cyberpreneurship
Flexible
Characteristics of
Successful Cyberpreneurship
Seeking Feedback
Independent & an organizer
Internal focus of control
Initiative & Responsibility
Creative & Innovative
Drive to achieve
Tolerance for failure
Energetic
knowledge
Ability to set vision
Moderate risk taker
Committed
Opportunity Orientation
Confidence & optimistic
Notes By : Farihan Elyana Bt Zahari

10. 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

11. 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 the usage of goods
Observing changes in the community
Using the latest technology
Observing and establishing a network
Notes By : Farihan Elyana Bt Zahari

12. 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