Business Start Ups Making Ideas Happen

Aly-Khan www.rich.co.ke

Presents To Africa Gathering

10th December 2010

Start Me Up There Is Nothing Like A Dream

To Create The Future

The Box

“They are born, then put in a box; they go home to live in a box; theystudy by ticking boxes; they go to what is called ‘work’ in a box,where they sit in their cubicle box; they drive to the grocery storein a box to buy food in a box; they go to the gym in a box to sit in abox; they talk about thinking ‘outside the box’; and when they diethey are put in a box,” he writes. “All boxes, Euclidian,geometrically smooth boxes.”

A startup is an experiment, a human institution designed to deliver a new product or service under conditions of extreme uncertainty

When I Started E-Bay Everyone Said It

Would Fail- Pierre Omidyar

Making Your Ideas Happen• Entrepreneurship is management and you

can apply scientific principles to create a new management paradigm tailored to conditions of extreme uncertainty.

• Typically the problem is unknown and the solution is unknown

• Lean startups are about learning what we need to learn at the lowest cost

Methodology To Implement New Ideas • It all starts with Self-Belief• If you don’t believe in yourself no one else will• The path of the Entrepreneur is often a lonely

one• The reason is that a man may see straight and

clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do.

This pre-supposes that the idea you are pursuing has merit.

How To Become A Successful and

Profitable Entrepreneur

• Learn Behind every technical problem is usually a

human problem. Fix the cause not the symptom

• Build Have every problem once Stop the line when anything fails Fast response over prevention

• Measure

Create a 360 Degree Dialogue• With All Aspects of Human Capital from

Investors to Professionals to Qualified Mentors• This will allow you to constantly interrogate your

plan• Don’t waste your time talking to those that do not

know

Keep It Clean, Keep It Lean ,Keep

It Tidy• Business Plan

• Accounts

Implementing In Kenya• Singular, key advantage is being

embedded in the Landscape

• Those who parachute in are at a serious disadvantage

• Eg. Google launching mobile wallet. where as M-Pesa was launched 3 years ago

• Disruptive moment for IT and Innovation

• Value of seeing Future Landscape is material

• Probably many do not see that Landscape with you

• Reinvent Business Model on a continuous basis

• Sure to convert share of voice and gaining

market share of that voice

Role Of Social Media• Effectively Flattened the World

• Democratic Platform which allows any Voice anywhere in the world to gain Traction

• For Rich Management its proven remarkable 21st Century avenue

Secret Of Successful And Professional Entrepreneurship In Africa

• Africa delivered Highest Returns anywhere in the World in the Last Decade

• Not unlike Industrial Revolution• Creates enormous Acceleration and we have entered a

similar period• Lessons drawn from successful entrepreneurs is to

never give up nor lose faith in yourself and the African Story

Thank - You