IBN Entrepreneurship - Rama

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Transcript of IBN Entrepreneurship - Rama

Courtesy of National Geographic

Courtesy of Jenny's Sandcastleshttp://www.jennyrossen.com/sandcas.html

Natural Resources

and/or

Human Resources

and/or

Capital

EntrepreneurIdea

Execution

Perseverence

Value

Product/

Market

Fit

+ =

Entrepreneurship for Life

@ramamanusamaCo-founder/CEO @criticube, @olibolapp

NL2008 4%

2012 7.9%http://www.dutchnews.nl/news/archives/

2012/07/graduate_unemployment_rate_dou.php

Indonesia2011

30%http://english.people.com.cn/9

0001/90777/90851/7284664.html

Unemployment shows an imbalance between job seekers and job creators

This is why entrepreneurship is important, this is an initiative to create jobs for ourselves and others

http://www.kauffman.org/research-and-policy/the-importance-of-startups-in-job-creation-and-job-desctruction.aspx

Entrepreneurship involves the joy of building things ourselves and contributing to the society

Sounds romantic...

Full Time EntrepreneurCriticube & OlibolAspiration pushes one to take action

2012

Quarter life crisisIs this what I want for my life?

Strategy InternRBS Amsterdam

Assistant Business Group ControllerDSM

2009

2009

2010/11

MSc Finance and InvestmentErasmus Universiteit Rotterdam

2008 BSc International Business AdmErasmus Universiteit Rotterdam

Fears preventing peoplefrom becoming entrepreneurs

Most fears are likely to be risk related

Risk can be minimized and managed

Strip your business idea to the core Test your market and iterateIdeas?

From commitment to growth

SelfCommitment

StartupPhase

Growth

Aim:Vision, idea

generation

Identify opportuniti

es

IdeationPhase

Aim:Validate productmarket

fit

BusinessPlan

Iteration

CriticubeSocial knowledge platform

OlibolOrganizations can quickly and cheaply create a

data management

Learning

Romantic idealism is somewhat important to maintain a high fighting spirit

Reality

Don't be afraid to fail

It is part of the learning process

Important reads

Startup Owner's Manual - Steve BlankLean Startup - Eric Ries

Art of Start - Guy Kawasaki

Don't just stare at the starsTake actions to reach them

@olibolapp@criticube

@ramamanusama