Post on 13-Dec-2015
The Mindset
Clive Kerridge - Senior Lecturer in Strategy in Organisations, University of Gloucestershire
Do you have what it takes to be an entrepreneur?
…. Start and run your business
A bit of fun!
• Scribble down a list of numbers 1 - 25!• Write down your score alongside each
number as each question is read out.
Q number Your Score
1 22 33 0.
25Total score
Scoring3 is for a True answer2 for each Sometimes answer0 for each False answer
Answer each of the following questions true, false, or sometimes
• 1. I view obstacles as challenges to overcome.• 2. When working on a project that intrigues me, I
lose track of time.• 3. I am goal-oriented.• 4. I rarely make the same mistake twice.• 5. If I say I'm going to do something, it gets done.
• Scoring3 is for True answer2 for each Sometimes answer0 for each False answer
Some more!• 6. Success is important to me.• 7. I'm often the one to come up with new ideas or new
ways to do things.• 8. Change doesn't bother me.• 9. I like learning new things -- even things I see no
immediate use for.• 10. I trust my intuition.
• Scoring3 is for True answer2 for each Sometimes answer0 for each False answer
… and more !
• 11. When told something is impossible, it makes me want to try even harder.
• 12. I'll work doggedly on a problem until it's solved.• 13. I take calculated risks.• 14. I don't suffer from analysis paralysis.• 15. I like to travel to new and exotic places.
• Scoring3 is for True answer2 for each Sometimes answer0 for each False answer
… almost there now!
• 16. I bounce back quickly from setbacks.• 17. I'm self-confident.• 18. I see the glass as half-full.• 19. I view mistakes as inevitable.• 20. I'm willing to give up security in the present for
possible long-term rewards.
• Scoring3 is for True answer2 for each Sometimes answer0 for each False answer
Last one, honest!
• 21. I prefer to travel the road less taken.• 22. I make decisions based on having enough
information, not all the information.• 23. I enjoy working independently.• 24. I like to lead projects and people.• 25. Persistent is my middle name.
• Scoring3 is for True answer2 for each Sometimes answer0 for each False answer
• Now add all your scores up!
• ( … perhaps you should have concentrated more in your maths lessons at school!)
Are you entrepreneurial?
• A score of 60-75
You not only can but should have your own business. Start thinking about and planning for what you would most love to be doing with your life.
• Copyright 2007 by Lois P Frankel - Warner Business Book.
Are you entrepreneurial?
• A score of 48-59•
There's definite potential, but take a look at those areas where you answered false or sometimes and focus on what you need to do to ensure success.
• Copyright 2007 by Lois P Frankel - Warner Business Book.
Are you entrepreneurial?
A score of 37-47
The desire is there, but the skill level may not be. You're going to have to push yourself in areas outside your comfort zone or perhaps partner with others who can complement your natural skills.
Copyright 2007 by Lois P Frankel - Warner Business Book.
Are you entrepreneurial?
A score of Below 37
Unless you have some overwhelming desire to start your own enterprise or can contribute to an entrepreneurship in a narrowly defined area of expertise, you may be better off employed by someone else.
Copyright 2007 by Lois P Frankel - Warner Business Book.
Group Exercise
Idea Generation
• Think about the things that you like/enjoy• Think about the things you really like doing• Think about the things that irritate or
frustrate youe.g. when you are shopping; or when you need service
• Think about the things or services that you needi.e. on which you have to [?!] spend money/time
Passions Hobbies Frustrations Necessities
Idea Generation
Passions Hobbies Frustrations Necessities
CarsRugbyFoodArt
Track DaysGoing OutWatching SportKeeping Fit
Spending MoneyShoppingBeing ColdRunning out of time
InsuranceDIYCookingCleaning
Idea Generation
Passions: Hobbies:
Frustrations: Needs:
Links: Business Opportunity Ideas?
Activity: Teams to now fill in the upper four sections
Passions Hobbies Frustrations Necessities
CarsRugbyFoodArt
Track DaysGoing OutWatching SportKeeping Fit
Spending MoneyShoppingBeing ColdRunning out of time
InsuranceDIYCookingCleaning
OK, now let’s put these together – and make some business ideas!
First – make some links (you don’t have to agree but it helps)recommendation: use different coloured pens
Then – envisage some business concepts(that might satisfy you – and other customers)recommendation: think who would be the customers?
Idea Generation
Teams to now fill in the bottom two:
Passions: Hobbies:
Frustrations: Needs:
Links: Business Opportunity Ideas?
Now each group explain to all (briefly!) one of your business ideas
• Team 1• Team 2• Team 3• Team 4• Team 5• Team 6• Team 7
Previous years’ winners and finalists
2008 - Vanilla Pod Bakery
2009 - The Cotswold Deli Smart Notebooks
2010 - Active Krav Maga Pinnell Productions
2012 - Seen Clothing
Name/logo, Pictures and website
Open Award Finalists
Hassle Free Computing
The CaribbeanExperience
Your OpportunitiesUncovered (Y.O.U.)
RefShop.co.uk
Nick Burke Simone Vincent Brendan Mackenzie Roger Goodwin
Taught Award Finalists
In association with the University of Gloucestershire’s Alumni Association and with the support and sponsorship of:
Pet ParadiseMelanie Homes
Tremin RecordsHillary Okech
Gurkhas Khukuri
Akash Rawal, Subin Pradhan,Nirajan Shrestha
CP Exclusive
Barnaby Nickels, Andrew Miller, Dominic Crowder
Business PlanningCompetition 2012/2013
• ADD NAMES and PHOTOS if available!
• ADD sponsor names/logs at bottom of slide
TimetableDate Event Speakers
24th October The Mind-setStarting a business is child’s play – understand what it takes to get into the mind set of an entrepreneur
Guest Speaker: Fraser Fudj Q&A Clive Kerridge – Envisioning Your Business
31st October The ExperimentBusiness speed mentoring – less embarrassing than speed dating but just as challenging
Fiona Spencer and various members of the Chartered Institute of Marketing
7th November #entrepreneur – Social EnterpriseSocial Enterprise – Tweeting and liking for a business where society profits
Various Members of the Students Union And the Green fund
14th November The ProtectionCreating a business from a crisis and protecting your most valuable assets
Guest speakers: Rob & Paul from Gandys Flip-flopsRickerby’s – Steve Murray – Intellectual Property
THE END
ARE YOU ENTREPRENEURIAL ?Try the General Enterprising Tendency test
GET questions cont’d….
and… Are you Creative? (the CREAX test)