Entreprenuership Presentation at IIT e-Cell
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Transcript of Entreprenuership Presentation at IIT e-Cell
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EntrepreneurshipEducation.
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What’sEntrepreneurship?
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“What is Entrepreneurship?”Entrepreneurship is the act of being an entrepreneur, which is a French word meaning "one
who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods.
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Entrepreneurship Need and Reasons
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Need forInnovation
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ExponentialGrowth
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Make a difference to society
Make itBetter!
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Explore Potential
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Building from scratch
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Leave a legacy
Leavea Legacy
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Picture can Be Used for Growth
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How it Impacts Society
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Creates Employment
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Creates Efficiency
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Creates Wealth fornations
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History ofEntrepreneurship
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History of Entrepreneurship over the Centuries
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Entrepreneur
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Entrepreneur is the person who brings about a change and possesses
characteristics to implement ideas to benefit the society as a whole.
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The Crazy Ones
Presented by Steve Jobs at Apple.
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Kind of Entrepreneurs'
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Entrepreneurial Traits
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How to identify the keeda
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How to Identify if the Keeda is going to stay and
trouble you for life
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Chief Everything Else Officer
What we imagine and what it actually is
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Loves to Take Responsibility, this doesn’t seems to be too Much
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What makes entrepreneursEntrepreneurial
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Managerial Thinking – Causal Reasoning
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Strategic Thinking – Creative Causal Reasoning
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Entrepreneurial Thinking – Effectual Reasoning
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“Entrepreneurship Vs Job”
Entrepreneurs Vs Working for Somebody
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Preparing yourMind
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Entrepreneurs' Line of thinking
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Fear the BIGGEST Barrier, Overcoming Fear
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Preparing for the Test Match, This is not T 20
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Leave the Bad Balls and Stay on the Pitch,
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Its Never Late, Donot give up
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Between you and Amitabh Bachan, He has Failed more,
But what matters is who wins more
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Social Preparation.People can't do something' themselves. They wanna tell you, you can't do it.
If you want somethin', go get it.
Don't ever let somebody tell you...
You can't do something.
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Consumption: Today or Later. Invest today, Reap later
.
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Understanding Risk
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Understanding Business Risk.
• Misreading the Market
• Investor risk
• A high percentage of new businesses fail within the first few years.
• Overestimating the appeal of your product or service.• Inadequate initial financing.• Poor financial controls can sink a new business even if the
idea of the business is a good one.• The new business consumes the time you devote to family
and friends
• Unable to scale
• Planning
• Implementation
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Personal Financial Planning.
Create and review a
financial plan. Organize
your financial records.
Calculate your net worth.
Establish a spending
plan.
Build an emergency
fund.
Reduce or minimize consumer
debt.
Obtain adequate
insurance.
• Strategies and timelines for accomplishing your goals.
• Evaluate where you're at today and set the stage for your goals and priories going forward.
• This is simply a matter of figuring out what you own less what you owe.
• Have a balanced spending plan
• Have enough cash on hand to cover three to six months of basic living expenses .
• Don’t keep unnecessary loans and credit card debt
• Managing risk is essential to your long-term financial security & protect you from financial catastrophe.
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Opportunity
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Spotting the Opportunity.
• Start to believe you can.• Don’t focus on the problems, focus
on finding opportunities.• Think of what it is you want to
achieve.• Think about how you can accomplish
your goal.• Take different views of the situation.• Make it a habit, see every problem as
an opportunity.
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Building the Team
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Team is Money, Money is Team
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Partnerships Make it Happen.
Share ValuesAnd
Vision.
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Complement each other.
Choose a partner who complements your skills.
Steve Wozniak: Production Steve Jobs : Sales & Vision
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Go to Market Plan
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When to starton my own?
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How to increase my chances of success as an entrepreneur?
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Should I try to get funding for my business?If yes, when?
Take funding when you are looking to scale up aggressively
.
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How Does Start Up Funding Work
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Always think through Investor Hat, He is in to Make Money.. not Charity!
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Early Stage Investment Thinking
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Scaling Stage Thinking
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Exit Stage Thinking, This is where Money is Made for all Fuss
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I have many ideas,which one should I begin with?
• Take time to brainstorm about possible ideas.
• Start with the one you can begin today or fastest.
• Focus on customers and what their needs / wants are.
• Look for demand.
• Review the competition.
• Do you have the required Skills / Resources / Time.
• Do you feel confident you can execute the idea.
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History of Ideas
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In short..
Entrepreneurship is about…those who dare to dream the
dreams and are foolish enoughto try and make their dreams come true.
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Inspirational Animation