Published on January 26, 2014
“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
Make a difference to society Make it Better!
Building from scratch
Leave a Legacy Leave a legacy
Picture can Be Used for Growth
How it Impacts Society
Creates Wealth for nations
History of Entrepreneurship
History of Entrepreneurship over the Centuries
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'
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 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
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.
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