VALUABLE LESSONS IN ENTREPRENEURSHIP INSPIRED BY THE MOVIE ‘JOY’ Presentation by Tom Sarig Cover  Photo  ©  Twen.eth  Century  Fox  

DEFINING ENTREPRENEURSHIP Wikipedia defines entrepreneurship as the process of designing a new business, [such as] a startup…offering a product, process or service.

IMPORTANCE OF ENTREPRENEURSHIP •  Majority of the

economy, business growth and job creation comes from small businesses.

•  Leads the way for new ideas and important developments in a variety sectors

THE REALITY •  8 out of 10 new

businesses fail every year

•  Challenges of turning an idea into a thriving business are real

•  It’s a daunting process and can be discouraging

THE MOVIE Joy is based on the life of business maven Joy Mangano. The movie expertly details the experiences of entrepreneurs and provides lessons for dealing with the realities mentioned in the previous slide.

©  Twen%eth  Century  Fox  

1. DREAM BIG The most successful businesses are those which answer a problem. Doing so requires thinking of new ways to approach situations, using imagination and creativity.

2. BE CONFIDENT Not everyone gets it right on the first try; that can wear down the ego. Still, it’s important to be confident in oneself and the product, service, and/or process one is hoping to introduce to the public.

3. BE TENACIOUS In life, there are a lot of NOs. One has to know how to keep going until there is a yes, and to do everything in one’s power to protect the vision and dream of the business/idea.

4. GROW Once the idea is realized, it’s important to invest back into the business for ultimate returns. One can always get bigger and do more, and one should always be seeking ways to do so.

5. KEEP CREATING Many small business owners/founders are what can be described as “serial entrepreneurs”, meaning they develop multiple businesses and ideas and nurture all of them at once.

FOR MORE INFO

Visit Tom Sarig’s website at: TomSarig.net Also, follow Tom on Twitter & Medium

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