Page 56 - Pharma News Letter - Vol2 Issue 1

Chapter II

Global Entrepreneurship Week

On Monday, 20 November 2023, The Faculty of Pharmacy MNU
organized an awareness campaign regarding entrepreneurship,
which included the following:

“15 Steps to Become an Entrepreneur:”

1. Discovering Passion and Interest:
It’s essential to pinpoint the field you’re passionate about
and interested in. Try to select a domain that merges your
interests and skills, and where you’re willing to devote your
time and energy to excel.

2. Learning Essential Skills:
Acquiring foundational knowledge and skills in
entrepreneurship is crucial, encompassing areas like
marketing, project management, and financial management.
This can be attained through university courses or training
programs.

3. Learning from Entrepreneurial Models:
Gain insights from successful entrepreneurs and their stories
of triumph. Understanding how they navigated challenges
can be invaluable on your entrepreneurial journey.

4. Developing an Entrepreneurial Idea:
Cultivate innovative ideas to address specific problems or
fulfill market demands. Conduct thorough market research
and gather data to refine your idea into a viable business
concept.

5. Creating a Business Plan:
Draft a comprehensive business plan and feasibility
study outlining objectives, strategies, and requisite steps
to materialize your idea. Include financial projections,
marketing strategies, and operational plans, while considering
contingency measures.

6. Seeking Funding:
Secure funding for your venture by presenting your idea to
potential investors or exploring startup support programs and
competitions.

7. Experimenting and Learning:
Embrace experimentation and extract lessons from hands-on
experience. Anticipate challenges and setbacks, but remain
resilient and learn from failures to enhance your project.

56 Faculty of Pharmacy Newsletter