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Thursday, May 8, 2014
Saturday, April 26, 2014
Monday, March 17, 2014
Conventional vs. Organic Model of Business Startup
By Omar Javaid
Since quite a while we have been exploring and experimenting an alternative methodology for a start-up for those who doesn't have much resources to initiate with. Though the method can be used by anyone. The conventional method taught in MBA programs where involving a venture capitalist is necessary also has a spectacular failure rate of more then 75% (see Shikar Ghosh's research) and according to some more then 90% (see Micheal Gerber's book 'E-Myth Revisited') in their first 5 year of inception.
This desperately demands an alternative method as well for the new comers who also can't afford to lose much. Besides the amazing failure rate of the conventional methodology itself is a good reason to find an alternative methodology. The following are some differentiating features for this alternative approach.
Since quite a while we have been exploring and experimenting an alternative methodology for a start-up for those who doesn't have much resources to initiate with. Though the method can be used by anyone. The conventional method taught in MBA programs where involving a venture capitalist is necessary also has a spectacular failure rate of more then 75% (see Shikar Ghosh's research) and according to some more then 90% (see Micheal Gerber's book 'E-Myth Revisited') in their first 5 year of inception.
This desperately demands an alternative method as well for the new comers who also can't afford to lose much. Besides the amazing failure rate of the conventional methodology itself is a good reason to find an alternative methodology. The following are some differentiating features for this alternative approach.
Thursday, March 6, 2014
INJAZ BSU Program for PAFKIET Students, for Free!
PAFKIET has signed an MoU with INJAZ Pakistan, now all students at PAFKIET who have a sound business idea can get themselves enrolled in this program for FREE!...
Wednesday, November 27, 2013
Documentary: Save the Last Chance - The Entrepreneurial Escape
This documentary intends to bust various myths regarding starting up new businesses as taught in MBAs programs and explains an alternative methodology to set up one's own business with the available resources. The documentary ends with a 'Prolog' which is meant to be a beginning, an initiation rather for the aspiring ones to take entrepreneurship as a career option, The methodology presented here is successfully being utilized by many PAFKIET students, some of whom are already mentioned at the end of this video, complete list however is available at ced.pafkiet.edu.pk/p/
Speakers:
Dr. Irfan Hyder, Dean, CBM;
Dr. Shahid, Associate Director, Center of Entrepreneurial Development, IBA;
Mirza Raza Ali, Chairman, Avid Institute of Research and Development;
Omar Javaid, InCharge, Center of Entrepreneurial Development, PAFKIET
(This is a low resolution version for easy streaming and download)
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