ENTREPRENEURSHIP IN MIDWIFERY

T.T.A.M. Debrah Lewis 2009

Definition
ENTREPRENEUR Person who is willing and able to convert a new idea or invention into a successful venture/business Person who creates new products and business models

Definition
ENTREPRENEURSHIP Practice of starting new organizations generally in response to identified opportunities

What
Ranges

in scale from solo projects even part-time to major undertakings creating many job opportunities Often difficult as a majority of new businesses fail It is about taking risk

Involves
Vision

Inspiration/Motivation
Passion Persistence/Determination Responsibility Positive

Thinking Decision Making

Thoughts
Question whether a market exists and if it exists for you Related to what we do direct/indirect Limitless outside of what we do In the midst of our worst financial crisis in decades, entrepreneurs will once again lead the economic recovery Like parenting business conceived when it enters your head worked hard to bring it to the world with pain and labour it is now your baby

Advantages
Financial

Gain Self-employment/Own Boss Development of New Markets Freedom

Steps
Get

Experience Winning Team Advice Business Plan Raise Funds Stay Focused Launch with Confidence

Business Plan
Executive Summary - last Description of the Business Description of the Services/Products Management Plan Marketing Plan Operating Requirements Financial Management Risks Contingency Plans

Examples - Midwife
INDEPENDENT

PRACTICE-AN/IP

HOME

BIRTHS CHILDBIRTH CLASSES PARENTING CLASSES BREASTFEEDING CLASSES/CONSULTING BABY/INFANT MASSAGE AQUAAEROBICS

Contd
DOULA

AUTHOR

BOOKS PRODUCTS Mamaroos/Oils/ Birth Studio/Partaloons CONSULTANT J&J AMICUS MAMATOTO

Examples Nurse/Assistant
Geriatric

Home Rehabilitation Centre Safe House Childrens home Pregnant Girls Workshops

Other - Limitless
Real

Estate Guesthouse Restaurant Catering Soft Furnishings Decorating Event Management

Responsibilities
Accountability Tansparency Rules Regulations Laws

Excellent Records Moral Obligations Ethical Obligations Code of Conduct Code of Ethics

Help
PEOPLE CREDIT BANKS

ALREADY INVOLVED UNIONS

Conclusion
Statistics

have shown that this industry is recession proof. It may actually increase during this period as people resort to simple pleasures and spend more time at home!

RESOURCES
Online www.businessplanpro.com www.biztree.com www.bplans.com www.smallbusinessnotes.com www.myownbusiness.org

Trinidad & Tobago

www.TT.scotiabank.com ScotiaOne Business Plan Writer www.enterprisenett.gov.tt EnterpriseNeTT NEDCO National Entrepreneurial Development Company 38 New Street, Port of Spain 821-5800/625-679/625-6154 contactus@nedco.gov.tt www.nedco.gov.tt BDC Business Development Company 151B Charlotte Street, Port of Spain 623-5507 info@bdc.co.tt www.bdc.co.tt ETIIC Entrepreneurial Training Institutes and Incubation Centres 149 Eastern Main Road, Barataria 821-5817 etiic@tstt.net.tt

THANK YOU!!