Leap from Employee to Entrepreneur

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Making the Leap from Employee to Entrepreneur Shaer Hassan CEO and Co-founder Nascenia

description

The transition of employee to entrepreneur (or Intrepreneur), prepared for Founders Institute.

Transcript of Leap from Employee to Entrepreneur

Page 1: Leap from Employee to Entrepreneur

Making the Leap from Employee to Entrepreneur

Shaer HassanCEO and Co-founder Nascenia

Page 2: Leap from Employee to Entrepreneur

It’s Different!

• None to blame, but yourself• Stop complaining. None to

complain -- only makes morale of others down.

• Start doing. Execution matters. Entrepreneurship is about execution

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It’s Different!

• No routine• You were a professional 9 to 6, 5 days a week.

You are entrepreneur 24/7

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It’s Different!

• You are responsible for others! • Believe in something, make others believe in

that too – build a team around yourself.

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It’s Different

Entrepreneurs thrive in negativity.

Glass is half full, rest is opportunity.

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It’s time! Is it?

• Time to quit job: when you have not much to receive or offer

• You have the overall picture of the business. • You are almost running the show, and you

believe you could do it better.

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It’s time! Is it?

• You’ve done your homework and preparation: partners, business model, family.

• Most of all: listen to your heart! (you’ll need it)

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Prepare for the Leap

• Find your passion• Learn on expense of other• Find partners with

complementary skills

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Prepare for the Leap

• Research on market• Research on the sector• Bounce your idea with others (afraid of theft?)

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Before You Leap

• Set deadline• Tell others

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Before You Leap

• Meet other entrepreneurs – include yourself in the community

• Meet your employee friends less

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Before You Leap

• Get buy-in of your family members (spouse, children, parents, in-laws).

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Before You Leap

• Have enough money to support yourself and for the business for six months. That’s good for your confidence.

• Remember you could always go back – but don’t hang onto that.

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Burning the boat – good or bad?

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Remember

• A startup is a human institution designed to create a new product or service under conditions of extreme uncertainty.

• Startup = growth + speed + uncertainty

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Remember

• Execution matters• If you are not a good employee (the one who

doesn’t complain, takes responsibility, love to work hard), you won’t perhaps be a good entrepreneur

• Get rid of smell of a (bad) employee, if you were

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Remember75% of employees dream of starting their own business

Only 5% starts

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Thank you

linkedin.com/in/[email protected]

Only 5% do so