Entrepreneurship in a nutshell
4 likes686 views
The document outlines the essence of entrepreneurship as a lifestyle driven by problem-solving and creativity, emphasizing characteristics such as determination, risk-taking, and independence. It discusses the components of a business model, including customer segments, value propositions, and revenue streams, and highlights the importance of effective idea evaluation. Additionally, it provides insights into fundraising methods, exit strategies, and the significance of adapting to paradigm shifts in business.
Entrepreneurship in a nutshell
- 1. Entrepreneurship in a nutshellMahmoud Abdelwahab PiTechnologies Cofounder
- 2. Entrepreneurship is not a part-time job, and it’s not even a full time job. It’s a lifestyle Carrie Layne, Founder of BestBuzz
- 3. First we must ask, WHAT is Entrepreneurship?
- 4. It may start with Problem OR New Idea
- 6. Like sometimes your going to get dirty
- 7. Sometimes, have to throw your hands up in the air
- 8. Sometimes, have to hide from the competition for a while
- 9. Sometimes, have to learn to walk away
- 10. Always develop good relationship
- 11. NEVER Give up
- 12. Why to be ?
- 14. You also get to be your own boss
- 15. Although you will most likely start out BROKE If you’re dedicated and work hard, you can end up RICH
- 16. LOVE What you do
- 18. Unique kind of person can solve the problem
- 21. Idea Evaluation & Business Model
- 22. Idea Evaluation Idea Should be • Solution for a problem • New Idea for a Current/Predictable Need
- 24. Idea Evaluation So, you should have converting idea to business model with the following characteristics Scalable Predictable Repeatable
- 25. It’s the time of CANVAS MODEL
- 26. Definition Canvas Model is a business model describes the rationale of how an organization creates, delivers, and captures value.
- 27. Customer Segments An organization serves one or several Customer Segments. Value Propositions It seeks to solve customer problems and satisfy customer needs with value propositions. Channels Value propositions are delivered to customers through communication, distribution, and sales Channels. Customer Relationships Customer relationships are established and maintained with each Customer Segment.
- 28. Revenue Streams Revenue streams result from value propositions successfully offered to customers. Key Resources Key resources are the assets required to offer and deliver the previously described elements Key Activities by performing a number of Key Activities.
- 29. Key Partnerships Some activities are outsourced and some resources are acquired outside the enterprise. Cost Structure The business model elements result in the cost structure.
- 31. Key Partners Key Activities Value Propositions Customer Relationships Customer Segments Key Resources Channels Cost Structure Revenue Streams
- 32. Video
- 33. Paradigm Shift
- 34. Definition Paradigm shift is a significant change in the way most people see the world and its meanings.
- 40. Famous Quotes “640k should be enough for anybody” Bill Gates 1981 Talking about RAM
- 41. Famous Quotes “The radio has no future” Lord Kelvin, Mathematician and Physicist 1897
- 42. Famous Quotes “The Computer of the future will maybe still 1.5 tons” The US-Magazine popular mechanics 1949
- 43. Famous Quotes “I believe in the horse. The automobile is just a temporary occurrence” Kaiser Wilhelm II
- 44. Famous Quotes “The car is now completely developed. What else can still to come?” Karl Benz 1920
- 45. 1880 1920
- 46. Consume Create Mass Produced Individual Push Pull Stocks Flows Owning Using Linear Complex
- 47. Paradigm shift
- 50. Beliefs, Behavior, and Results Beliefs Behavior Result Beliefs Behavior Result Beliefs Behavior Result
- 51. Simple Personality Chart 0 5 10 15 20 25 30 Result Process Idea People Personality 1 Personality 2
- 53. Marketing
- 54. Marketing
- 56. Salesforce Opening Education Ownership Negotiation Closing
- 57. Fundraising
- 58. Fundraising
- 59. Investors Type • FFF: Family, Friend • Angels: Usually successful entrepreneurs who are investing their own money from the industry they profited from to startups as seed investing. • VC: Venture capital is the funding resulting from professional managers investing other people’s money in startups and early-stage companies in order to generate high rates of return
- 60. Fundraising Material • Executive Summary • Presentation Deck • Demo/Prototype • Business Plan • Financial Model
- 61. Presentation Deck • Elevator Pitch • Problem • Solution • Market Size • Business Model • Competition • Go-to-Market Strategy • Team/Hire • Money/Milestone
- 62. Exit Plan
- 64. Definition An exit strategy is a means of leaving one's current situation, either after a predetermined objective has been achieved, or as a strategy to mitigate failure. An organization or individual without an exit strategy may be in a quagmire.
- 65. 5 Smart Exit Strategies 1. Merger & Acquisition (M&A) 2. Initial Public Offering (IPO) 3. Sell to a friendly individual 4. Make it your cash cow 5. Liquidation and close http://www.businessinsider.com/startup-exits-should-be-positive-and-planned-early-2011-1
- 68. Thank You Mahmoud Abdelwahab PiTechnologies Cofounder +966 56 982 6110 mwahab@pitechnologies.net