Shiraz Ahmed

Entrepreneurial Leadership

Why Entrepreneurs Fail

IBA – CED | Karachi | 05 June 2015

First name with strength. E.g. Smart-Shahid; Shy-Shiraz

What business you plan to start / doing?

Why do you want to do business?

Introductions

Trained and Taught 40,000+ professionals and students in last 10 years

Faculty, facilitator, Public speaker and coach

Futurist, foodie and failed entrepreneur !

Who’s Shiraz?

Shiraz’s viral video on fb

2 million+ views

Guess for likes and shares

Shiraz on Sildeshare

How can we make this 2-hour session remarkable?

Norms

Why young entrepreneurs fail?

Today’s and Future world

Action plan – 2 steps from today!

Simple Message

Google is disrupting World!

1. Today’s and Future World

Khan Academy: Teacher-less class

Degrees are getting out!

Hire by auditions!

This talk scraps MBA one-fourth curriculum!

Jan Koum – founder

$19 billion

An app can make you Billionaire / Millionaire

D’Aloisio, only 17!

Sold Summly to Yahoo in $30million

An app can make you Billionaire / Millionaire

Future World - Lets predict!

a. Samsung clip

b. Future school clip

c. Microsoft 2020 clip

My Personal story – Why i fail!

2. Why young entrepreneurs fail?

2. Why young entrepreneurs fail?

2. Why young entrepreneurs fail?

2. Why young entrepreneurs fail?

2. Why young entrepreneurs fail?

2. Why young entrepreneurs fail?

Greediness

Direction

Intention

look inside

2.1 Wrong Purpose

Coach

No alternative to Experience!

Feedback

2.2 Absence of Mentor

2.3 Absence of Business Model

2.3 Absence of Business Model

2.3 Absence of Business Model

Source: HBR

Unable to build and lead Team!

Core Team - Ideator - Financial - Promoter

2.4 Team

It is determination, courage, and the ability to get results, while building relationships!

What is Leadership?

Establish directions

Align people, motivate & inspire

Get results!

What is Leadership?

Leader Managers

Purpose oriented

Asks – Why and

What

Inspire

Pulls

Giver

Profit oriented

Asks – How and

when

Influence (power)

Push

Transactional

Involvement in job with heart and soul.

Passion for work

Enjoy and feel valued for doing the job!

Cognitive, Physical, Emotional

What is Engagement

Shiraz Research on EE for Pharma

1. Singapore loses $5 billion annually

2. Britain loses ₤39 billion annually

3. For 100 employees @ 25k/month, the cost of 20% disengagement = PKR 6,000,000

Cost of disengagement

1. Build Team

2. Suitable Leadership style!

What you need to do?

1.Discuss in group for 10 mins

2.Build Team (3 points)

3. Suitable Leadership style!(Which is best and why?)

- Tell- Sell - Guide - Empower

How you will do? Group activity

1.There is no best style!

2.Dependent on follower readiness

3.Readiness = Will and Skill

2. Leadership Style

Coaching using Skill/Will matrixHigh

WILL

Low

GUIDE Coach Train Explain Allow early mistakes Relax control with progress

DELEGATE (Empower!) Set objectives, not method Praise, don’t ignore Invoke decision making Give stretching tasks Don’t over-manage

DIRECT Clear briefing Build skill Provide feedback Raise and nurture Close supervision

EXCITE Identify reason Motivate with vision Monitor Feedback Encourage

Low SKILL High (CAN)

Passion Clip

Coach clip

Conclusion

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Today’s Learning

What you will do?

How!

Action Plan

Thank you

Shiraz AhmedE: shiraz.wasif@gmail.com

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