1. Entrepreneurship

4. What is entrepreneurship?
Not small business management
Not just startups
Not just for-profit firms
Is the act of creating a new and
innovative enterprise

5. “It’s a way to think, a way to learn
Developing an idea
Applying creativity
Initiating and innovating
Creating a new value
“It’s a way to think, a way to learn
and a way to succeed”

6. Who is an entrepreneur? take control of his future self employed
compete with themselves
believe success/failure lies in their control

7. What makes an entrepreneur?
strong motivation
excitement
desire for fame
wish to inspire and develop
vision

8. Where to begin… Identifying Opportunity Developing Plan Assemble Team
Funding &
Support
Pricing models
Competitive research
Financial models
Business plans
Attract and retain the best talent
Complimentary skills and personalities
Term sheets
Make sure you have more than enough resources to pursue vision
General market research
Segment research

9. Building a successful venture
The success formula

10. Team- the right personalities
Everyone should be…
- a team player
- a hard worker
- curious
- flexible
- good at listening
Need to have…
- creative people
- managers
- domain experts

11. Strategy Fundamental issues:
- Who is the market? What are their needs?
- How does your product meet these needs?
- How much can you expect them to pay?
- What is the long term strategy?
- Who are your competitors ? How are you better?

12. Resources
Goods
Cash
Network

13. Three keys to a successful enterprise
Be organized
Effective
Professional

15. Mistakes to be avoided…
selling to the wrong people.
spending too much money.
spending too little money.
putting on a fake front.
going against your intuition.

16. Risks of being self-employed
uncertainty of having a regular income
loss risks in self invested money
getting out of business

17. Various programs promoting entrepreneurship
World Entrepreneurship Week –UK
Entrepreneurship Week –USA
- internet based campaign
- encourage enterprise in youth to seize overlooked opportunities.
Lunar Boom Town – Wikiversity
- collaborating students with designing and revising business models

18. The skills embodied in entrepreneurship are really life skills—some would say survivor skills—required in today’s global, hypercompetitive world.

19. Thank You - Govind Ghiraiya