ENTREPRENEUR
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12-Sep-2014 -
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Entrepreneurship
By sk imame azamCo founder klu e market
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Contents:
• Introduction • Imagination• True dream• Visionary• Corns
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Why we live : counting the peopleyour life impacts.
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But how many people will you really impact in life.
Lets find out , Party is on guys.
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Slowly the entrepreneur is waking up
• How to fill these gap?• How about a start up?• If so, why?• Is there any risk?
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To be frank startup are a 75% failure.
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Who is an Entrepreneur ?
• “Forget everything you learned,” they told me on the first day of law school. Three years and $150,000 later they erased from my mind all the half-truths I learned from school and my family. They were not teaching law, they acknowledged, they were teaching thinking. As an entrepreneur, you, too, have to relearn everything from scratch. By yourself.
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HOW I FEEl
• Mr. Fear.• Mr. Procrastinator 95% of us procrastinate• Mr. Over-optimism• Mr. Nothing’ New• Mr. Parent• Mr. More Info• Mr. Not Me• Mr. Popular
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HOW TO FOCUS
• Remind yourself why you’re in business.• List your top priorities.• Synchronize your breath and body
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Being a visionary :
• Predict roadblocks.• Flexibility to adapt to what customers want.• vision for their personal and their business
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PATH TO SUccEsS?
• Sergey Brin, his father mathematician.
• Mark zuckerberg, his father dentist.
• Roman Abramovich, Russian billionaire and owner of football club Chelsea.
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The mind of an entrepreneur
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How start up:
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What is possible?
• Before anyone told you what is possible, you already knew the answer: anything.
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FEAR:
“Screw it, Let’s do it!
When you think about work, your brain can’t focus on the fear.
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Success is not over night.
• “They just hacked this in a couple nights on the weekend, and a week later got a million users” or “it was just a hobby they were doing on the side, but then one day the site crashed because of traffic.”
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Check list:
• MANTRA and SOUL MATES• Don’t write mission statements.• wendy's :healthy fast food...• fed ex : peace of mind.,,,,• nike :" authentic athletic performance.....• target :'democratize design
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Check list
• Its your money get it from them.• Be specific and simple.• Ask women about your business model.• MAT(Milestones,assumptions,tasks)
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Check list
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Check list
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Check list
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Why entrepreneur ?
India: Nurturing Entrepreneurs
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Statistics on the growth of India’s technology driven entrepreneurship are telling : In a recent survey by the Deloitte group, India ranks 2ndglobally as home to the fastest growing technology firms.
82 Indian companies entered the Deloitte Technology Fast 500 list of Asia-Pacific Companies in 2007 and the companies that have made it tothe Technology Fast 50 of India have an average three-year revenuegrowth of 489%
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How entrepreneurs can make India a superpower
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India has the potential to be among the world’s leading economies by 2050.
Further, India’s economy can potentially gain significantly from the country’s characteristic features — a democratic open society, a strong technology base (with capacity for leapfrogging), unparalleled diversity, vibrant capital markets .
An increasingly youthful population (50% of India is 25years and younger), a sizeable market of a large number of customers with vast unmet needs as well as an environment of full and free competition in the private Sector.
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Statistics of entrepreneurship
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Statistics of entrepreneurship
• Average age of a founder is 37.• Standard deviation in the age of founders is 8.• Youngest entrepreneur is 26 and the oldest
one is 58. Wow, what a difference!• Average amount of funding: Rs. 25 crore. (USD
6.25 million)• Range of funding: Rs 0 – Rs 72 crore. (USD 18
million)
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• India’s Ranking in Doing Business 2008• Starting a Business -111• Dealing with Licenses 134• Employing Workers -85• Registering Property -112• Paying Taxes -165• Trading Across Borders- 79• Enforcing Contracts -177• Closing a Business -137
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Should We Need More Entrepreneurs than Managers ?
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• Managers employed by large corporations use their creativity and intellect to make the Gates, Buffets and the Murdochs richer, whereas entrepreneurs make themselves and their nations richer.
• Over 30% of Microsoft employees are Indians. The NASA relies on Indian brains for its various missions & IIT graduates are considered the worlds brightest. Why do these people flock to the US, simply because the US has more opportunities.
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• What is the Role of an Entrepreneur in Economic Development ?
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• Promotes Capital Formation• Creates Large-Scale Employment Opportunities• Promotes Balanced Regional Development• Reduces Concentration of Economic Power• Wealth Creation and Distribution• Increasing Gross National Product and Per
Capita Income• They are wealth creators.
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• If India needs to exterminate poverty, we have to grow. To grow, we have to employ the unemployed. NASSCOM and CII have estimated that if India wants to be a developed country by 2020, it needs to create 10 million jobs. The million-dollar
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• Thank you