Post on 16-Dec-2015
Entrepreneurial SeizureThe excitement of independence associated with getting rid of the boss is almost always fueled by a flawed understanding of what being on your own means.
Michael Gerber The E-Myth
“An entrepreneur is someone who is allergic to bad bosses or bosses in general.”
Jim Bagnola
Definition of an Entreprenuer by Fred Gratzon founder of The Great Midwestern Ice Cream Company
and Telegroup
Author of “A Lazy Way To Success”
“An entrepreneur is someone who will do ANYTHING to avoid getting a job.”
Fred Gratzon
The Entrepreneur recognizes an opportunity, adds innovation and takes a calculated risk in its execution. Dr. IR Ciputra
.
I realized that if the precious competency of entrepreneurship could lead me to such success, that competency should be shared for the betterment of the world.
Entrepreneurship: How to turn dirt and scrap into gold.
Dr. Ciputra
SOCIAL ENTREPRENEUR
innovateIt is easier to innovatethan to invent.
betterIt is easier to make things better than to make things up!
What we need is 10-20 seconds of
Courage.
16
Real Courage is not overcoming the fear
of failure.Real courage is taking action and accepting the fact that we may
not succeed.17
Petru Four Chairs
18
19
Jeff Hoffman
Co-founder of Priceline.com
This year 12 billion in sales.
From research by Larry Farrell
EntrepreneursEntrepreneurs need four need four things to things to succeed.succeed.
Inspiration.Education.Infrastructure.Mentors
Access to capital, incentives to invest, proper business laws.
EVERYTHING BEGINS WITH A SIMPLE SEED IDEA TO CREATE SOMETHING MIXED WITH A PASSION FOR ITS SPROUTING AND GROWTH
From research by Larry Farrell
Entrepreneurs and startups are important to the economy.
They solve real problems.
They create new jobs.
They respond quickly and keep innovating.
Why do people become entrepreneurs?
To solve a problem.To change the world.To be independent.To make money.To give back.
Get Yourself In Order
• You are the DNA of the business• The founder/manager is on stage every
minute of every day• It is your daily behavior not your words
that count• What rituals and practices do you follow?• What do you reward and penalize?• Do you compromise your values?
Creator of Culture
The beliefs that mold great organizations frequently grow out of the character, the experiences, and the convictions of a single
person. More than most companies, IBM is the reflection of one individual, my father
T.J.Watson.
Thomas Watson, Jr. Past Chairman of IBM
You can’t do it alone
Success is a Team sport
Four Most Important Words: You Can Do It!
Sol Waksman Founder of Barclay Hedge Fund Indices and Trading Co.
Get Ready for obstacles and resistance. They are natural to the process.
Life is a festival of disruptions.Resistance grinds off rough edges. (like grinding a diamond)
Four Practices of the World’s Great Entrepreneurs
• Sense of Mission• Customer/Product Vision• High Speed Innovation• Self-Inspired Behavior
From research by Larry Farrell
High Speed Innovation
• Improve something––anything––every day
• Speed up action: Create a sense of urgency
• Wipe out bureaucracy: Grow big by staying small
What do Entrepreneurs Really Want?
A. Total ControlB. Big MoneyC. To Do GoodD. Power and InfluenceE. Managing PeopleF. VarietyG. Intellectual ChallengeH. All the Above
Ranking of What Entrepreneurs Want(Men 20s and 30s)
1. Autonomy2. Power and Influence3. Managing People4. Financial Gain
Ranking of What Entrepreneurs Want (Women 20s and 30s)
1. Autonomy2. Power and Influence3. Managing People/ 30s Variety4. Altruism
What is the initial cost of a start-up?
1. UPS $1002. Black and Decker $12003. Clorox $5004. Marriott (A&W Root Beer) $3,0005. Hewlett Packard $5386. Johnson Publishing $4007. Dominos Pizza $9008. Nike $1,000
What is the initial cost of a start-up?
1. Electronic Data Systems(EDS) $1,0002. Body Shop $6,0003. Apple Computer $12504. DHL -0-5. Fawcette Publications -0-6. Telegroup -0-7. The Leadership Group International -0-
What is the initial cost of a start-up?
The current list of the Fortune 500 roster shows 41% started with less than $10,000and 33% started with less than $1,000
Never Stop Learning!
You must continue to learn to Lead! Leading means getting followers.You will get Bankers, Investors, Lenders Customers, Employees, Partners, Vendors , Government and other Businesses to follow you.