Entreprenuership Presentation at IIT e-Cell

Post on 14-Sep-2014

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Preparing as Entrepreneur and for Entrepreneurship. What does it take to prepare before starting a Business. This presentation can be a preparation starter kit for people looking to start their own venture.

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EntrepreneurshipEducation.

What’sEntrepreneurship?

“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.

Entrepreneurship Need and Reasons

Need forInnovation

ExponentialGrowth

Make a difference to society

Make itBetter!

Explore Potential

Building from scratch

Leave a legacy

Leavea Legacy

Picture can Be Used for Growth

How it Impacts Society

Creates Employment

Creates Efficiency

Creates Wealth fornations

History ofEntrepreneurship

History of Entrepreneurship over the Centuries

Entrepreneur

Entrepreneur is the person who brings about a change and possesses

characteristics to implement ideas to benefit the society as a whole.

The Crazy Ones

Presented by Steve Jobs at Apple.

Kind of Entrepreneurs'

Entrepreneurial Traits

How to identify the keeda

How to Identify if the Keeda is going to stay and

trouble you for life

Chief Everything Else Officer

What we imagine and what it actually is

Loves to Take Responsibility, this doesn’t seems to be too Much

What makes entrepreneursEntrepreneurial

Managerial Thinking – Causal Reasoning

Strategic Thinking – Creative Causal Reasoning

Entrepreneurial Thinking – Effectual Reasoning

“Entrepreneurship Vs Job”

Entrepreneurs Vs Working for Somebody

Preparing yourMind

Entrepreneurs' Line of thinking

Fear the BIGGEST Barrier, Overcoming Fear

Preparing for the Test Match, This is not T 20

Leave the Bad Balls and Stay on the Pitch,

Its Never Late, Donot give up

Between you and Amitabh Bachan, He has Failed more,

But what matters is who wins more

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.

Consumption: Today or Later. Invest today, Reap later

.

Understanding Risk

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

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.

Opportunity

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.

Building the Team

Team is Money, Money is Team

Partnerships Make it Happen.

Share ValuesAnd

Vision.

Complement each other.

Choose a partner who complements your skills.

Steve Wozniak: Production Steve Jobs : Sales & Vision

Go to Market Plan

When to starton my own?

How to increase my chances of success as an entrepreneur?

Should I try to get funding for my business?If yes, when?

Take funding when you are looking to scale up aggressively

.

How Does Start Up Funding Work

Always think through Investor Hat, He is in to Make Money.. not Charity!

Early Stage Investment Thinking

Scaling Stage Thinking

Exit Stage Thinking, This is where Money is Made for all Fuss

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.

History of Ideas

In short..

Entrepreneurship is about…those who dare to dream the

dreams and are foolish enoughto try and make their dreams come true.

Inspirational Animation

Thank You Feel free to contact us for further queries

samar@iksula.com