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How to Become an Entrepreneur ?

Date post: 11-May-2015
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Entrepreneurs: Heroes in Egypt’s Economic Development
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Prepared by : Yahia Mohamed Reda Benha University – faculty of science
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Page 1: How to Become an Entrepreneur ?

Prepared by : Yahia Mohamed Reda

Benha University – faculty of science

Page 2: How to Become an Entrepreneur ?

Are you going to take an office job …

… or become an engineer, or doctor, like the rest of Egypt?

Page 3: How to Become an Entrepreneur ?

ENTREPRENEUR

Page 4: How to Become an Entrepreneur ?

Because they innovate Create competition Create new jobs Generate revenue and inspire others

Page 5: How to Become an Entrepreneur ?

NOT

• Copying existing models

• Lazy

• Quitter

• Content with ‘the way things are’

YES

• Innovative (adding value)

• Loves change, risk

• Workaholic

• Team-player

• Leader

Page 6: How to Become an Entrepreneur ?

Name: Mark Zuckerberg Age: 25 Started Facebook.com while studying computer science at Harvard University. CEO and Founder of Facebook

Page 7: How to Become an Entrepreneur ?

Name: Fadi Ghandour Age: 51 Founded ARAMEX in 1982 Aramex was the first Arab company to be listed on NASDAQ

CEO and Founder of Aramex

Page 8: How to Become an Entrepreneur ?

Name: Nadia & Hind Wassef Age: 35 & 38 Opened Diwan because they loved reading, and wanted to create a place that would celebrate Arab culture.

Founders of Diwan Bookstore

Page 9: How to Become an Entrepreneur ?

Name: Mostafa Hafez Age: 26 Founded Timeline Interactive after graduating from Ain Shams University (Computer Science).

Founder of Timeline Interactive

Example of Successful Young Egyptian Entrepreneur

Page 10: How to Become an Entrepreneur ?
Page 11: How to Become an Entrepreneur ?

1. Finance

Write a business-plan

Calculate your costs

Double that! (be on safe side, you’re always

missing things)

Find angel investing (family, friends, SFD)

1

1

FIRSTEPs for Start-ups taken from material by Eric Zoetmulder

Page 12: How to Become an Entrepreneur ?

2. Interest & Commitment

Be passionate about what you do, you

won’t have time for anything else!

Don’t just go for money, you will fail

1

1

FIRSTEPs for Start-ups taken from material by Eric Zoetmulder

Page 13: How to Become an Entrepreneur ?

3. Realistic

Do market-research (who are your clients,

main competitors)

Start with realistic goals

Respond to real consumer need

1

1

FIRSTEPs for Start-ups taken from material by Eric Zoetmulder

Page 14: How to Become an Entrepreneur ?

4. Strategy

Make a strategic plan: how to go from

zero to your Unique Value Proposition

First steps for Start-ups

Page 15: How to Become an Entrepreneur ?

5. Timing

Time the release of your product

If you’re too early, consumers won’t be interested

If you’re too late, others will have taken your model

First steps for Start-ups

Page 16: How to Become an Entrepreneur ?

6. Encouragement

Get feedback from friends, family & look for a mentor.

You need their support

First steps for Start-ups

Page 17: How to Become an Entrepreneur ?

7. Planning

Plan for the worst case scenario – so

you’re always prepared.

First steps for Start-ups

Page 18: How to Become an Entrepreneur ?

Don’t be afraid to FAIL!

When you FAIL, it means you

took the RISK and learned..

FAILURE teaches you how to

do BETTER next time...

Page 19: How to Become an Entrepreneur ?

Private Sector

IMC - EBF - Social Fund – WEL - Ideavelopers

Friends – Family – Online research

“Idea”

“Start-up/ Business-plan”

“High-growth SMEs”

“Large to medium sized”

Page 20: How to Become an Entrepreneur ?

Khaled Ismail

Fatma Ghaly

Nadia & Hind Wassef

Heba Jammal & Tarek Khaddaj

Omar Fathy

Ahmed Metwally & Mostafa Hafez

Page 21: How to Become an Entrepreneur ?

Education &

Training

Role-models

& cultural

norms

Trusting

Business

Environment

Commercial &

Professional

Services

Infrastructure

Financial

Support

Government

policies


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