Post on 04-Feb-2021
My experience in entrepreneurship
Rafael Corchuelo
Roadmap
Introduction
My projects
Lessons learnt
Conclusions
Roadmap
Introduction
My projects
Lessons learnt
Conclusions
Entrepreneurship? What’s that?
This is a good definition
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Yes loss! Get ready to …
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Lose weight!
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Loose hair!
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Loose money!
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Simply put
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Entrepreneurship is the process of starting a business. The entrepreneur develops a business model,
acquires the human and other required resources, and is fully responsible for its success or failure.
The gurus
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I, myself, and my obstinacy
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(My secret, don’t tell anybody)
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https://www.informatica.us.es/index.php/conoce-tu-futura-escuelahttps://www.informatica.us.es/index.php/conoce-tu-futura-escuela
Roadmap
Introduction
My projects
Lessons learnt
Conclusions
A hundred failed projects
Two successful projects
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Two successful projects
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When was it set up?
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When was it set up?
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What was the goal?
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Set up a software factory
Explore R&D collaborations
Why a software factory?
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R&D: social media analytics
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Our R&D service
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Our customers
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Dinamic Area today
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Two successful projects
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When was it set up?
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What was the goal?
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Explore R&D collaborations
R&D: Enterprise app integration
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Our R&D product
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Our customers
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We need a software factory
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My team at i2Factory
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Roadmap
Introduction
My projects
Lessons learnt
Conclusions
Lessons learnt
The idea
Validate your idea
Raise money
Grow your business
Lessons learnt
The idea
Validate your idea
Raise money
Grow your business
What can you do well?
Find a good application
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Share your idea!
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The application must be…
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??? ???
??? ???
Innovative
But it must also be…
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Useful Simple
??? ???
Innovative
Take your time
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How can you make money?
Is it a professional service?
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Is it a domestic service?
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Is it a product?
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Share or not share business ideas?
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The application must be…
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Useful Simple
Affordable Profitable
Innovative
Take more time
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Lessons learnt
The idea
Validate your idea
Raise money
Grow your business
Identify your core
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Prototype it
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Offer it to some selected users
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Learn from their feedback
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Does evidence support your idea?
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Doesn’t it?
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Lessons learnt
The idea
Validate your idea
Raise money
Grow your business
Start with the three F’s
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Then try some professionals
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They all require you to produce this
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Sketch of a good business plan
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IdeaCompetitorsTeamCostsRevenuesKey questions
Idea
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Competitors
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Team
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Costs
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Revenues
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Key questions
Have you validated your idea?
What are the individual contributions of your team members? Who cares of business? Who’s responsible for research?
How shall you beat your competitors?
What’s the breakdown of your costs?
How can I (the investor) make money with your project?
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Lessons learnt
The idea
Validate your idea
Raise money
Grow your business
Grow step after step
Document your policies & procedures
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Organise your management team
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Organise your production crew
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Roadmap
Introduction
My projects
Lessons learnt
Conclusions
The idea
Validate your idea
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Find money
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Get ready to grow
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Yoda’s advice
Thanks
R. Corchuelo
corchu@us.es