Entreprenuership Presentation at IIT e-Cell

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Information about Entreprenuership Presentation at IIT e-Cell
Business & Mgmt

Published on January 26, 2014

Author: Samasing2

Source: slideshare.net

Description

Preparing as Entrepreneur and for Entrepreneurship. What does it take to prepare before starting a Business. This presentation can be a preparation starter kit for people looking to start their own venture.

Entrepreneurship Education.

What’s Entrepreneurship?

“What is Entrepreneurship?” Entrepreneurship is the act of being an entrepreneur, which is a French word meaning "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods.

Entrepreneurship Need and Reasons

Need for Innovation

Exponential Growth

Make a difference to society Make it Better!

Explore Potential

Building from scratch

Leave a Legacy Leave a legacy

Picture can Be Used for Growth

How it Impacts Society

Creates Employment

Creates Efficiency

Creates Wealth for nations

History of Entrepreneurship

History of Entrepreneurship over the Centuries

Entrepreneur

Entrepreneur is the person who brings about a change and possesses characteristics to implement ideas to benefit the society as a whole.

Kind of Entrepreneurs'

Entrepreneurial Traits

How to identify the keeda 

How to Identify if the Keeda is going to stay and trouble you for life 

What we imagine and what it actually is  Chief Everything Else Officer

Loves to Take Responsibility, this doesn’t seems to be too Much 

What makes entrepreneurs Entrepreneurial

Managerial Thinking – Causal Reasoning

Strategic Thinking – Creative Causal Reasoning

Entrepreneurial Thinking – Effectual Reasoning

Entrepreneurs Vs Working for Somebody “Entrepreneurship Vs Job”

Preparing your Mind

Entrepreneurs' Line of thinking

Fear the BIGGEST Barrier, Overcoming Fear

Preparing for the Test Match, This is not T 20

Leave the Bad Balls and Stay on the Pitch,

Its Never Late, Donot give up

Between you and Amitabh Bachan, He has Failed more, But what matters is who wins more

Social Preparation. People can't do something' themselves. They wanna tell you, you can't do it. If you want somethin', go get it. Don't ever let somebody tell you... You can't do something.

Consumption: Today or Later. Invest today, Reap later .

Understanding Risk

Understanding Business Risk. • Misreading the Market • Unable to scale • Implementation • Planning • Investor risk • A high percentage of new businesses fail within the first few years. Overestimating the appeal of your product or service. Inadequate initial financing. Poor financial controls can sink a new business even if the idea of the business is a good one. The new business consumes the time you devote to family and friends • • • •

Personal Financial Planning. • • Strategies and timelines for accomplishing your goals. Create and review a financial plan. Managing risk is essential to your long-term financial security & protect you from financial catastrophe. Obtain adequate insurance. • • Organize your financial records. Evaluate where you're at today and set the stage for your goals and priories going forward. Don’t keep unnecessary loans and credit card debt • Reduce or minimize consumer debt. • Have enough cash on hand to cover three to six months of basic living expenses . Calculate your net worth. Build an emergency fund. Establish a spending plan. • This is simply a matter of figuring out what you own less what you owe. Have a balanced spending plan

Opportunity

Spotting the Opportunity. • • • • • • Start to believe you can. Don’t focus on the problems, focus on finding opportunities. Think of what it is you want to achieve. Think about how you can accomplish your goal. Take different views of the situation. Make it a habit, see every problem as an opportunity.

Building the Team

Team is Money, Money is Team

Partnerships Make it Happen. Share Values And Vision.

Complement each other. Choose a partner who complements your skills. Steve Wozniak: Production Steve Jobs : Sales & Vision

Go to Market Plan

When to start on my own?

How to increase my chances of success as an entrepreneur?

Should I try to get funding for my business?If yes, when? Take funding when you are looking to scale up aggressively .

How Does Start Up Funding Work

Always think through Investor Hat, He is in to Make Money.. not Charity!

Early Stage Investment Thinking

Scaling Stage Thinking

Exit Stage Thinking, This is where Money is Made for all Fuss 

I have many ideas, which one should I begin with? • Take time to brainstorm about possible ideas. • Start with the one you can begin today or fastest. • Focus on customers and what their needs / wants are. • Look for demand. • Review the competition. • Do you have the required Skills / Resources / Time. • Do you feel confident you can execute the idea.

History of Ideas

In short.. Entrepreneurship is about… those who dare to dream the dreams and are foolish enough to try and make their dreams come true.

Thank You Feel free to contact us for further queries samar@iksula.com

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