How To Become A Successful Entrepreneur V1
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Presentation Transcript
- Slide 1: Entrepreneurship How to become a successful entrepreneur Marcel Seijner MSc.BA
- Slide 3: How to become a successful entrepreneur • What is success? • When is an entrepreneur successful? • What skills does the entrepreneur need?
- Slide 4: Silicon Valley • What is the secret? • Why didn’t it work in the Bog region?
- Slide 5: Entrepreneurship built on… • Vision • Innovation • Strategy • Finance • Leadership
- Slide 6: Characteristics of the entrepreneur • Huge drive • Willing to take risks • Able to develop new ideas • Able to get on with people • Strong leader (driven followers) • Dominant person • Has problems with a manager above
- Slide 7: Psychological aspects The entrepreneur… • …wants to prove himself/herself more then others • …has the pressure to reach something • …wants to be in control • …is convinced he/she can do it better • …is not afraid of taking risks
- Slide 8: Sociological view • Entrepreneurship can’t exist without the entrepreneurs network and the social skills of the entrepreneur • The entrepreneur has to have the creativity to find combination in the weak ties in his network
- Slide 9: Motivation for venture creation • Make a daily living • Achieve social and economic security • Work for oneself, not for others • Commercialize a particular idea, technology or skill • Focus on the business • Becoming market leader
- Slide 10: Another recognition • High motivation for success • Innovate ideas and concepts • Collective sharing of results • Commercialization of highly sophisticated technology • Try to control the market rather than the company • Growth by acquiring; global alliances
- Slide 11: How to succeed? • Spin offs have the biggest change for success • It is not the new technology that concurs the market, but – the combination of technologies – the modified product that suits in the market – the ability to get it in the market • It not the inventor but refiner of the technology who knows how to penetrate the market, who succeeds
- Slide 12: The entrepreneur has… • …to have a vision about: – the market – the needs in the market – products or combinations that fill those needs – how to penetrate the market • …to be creative • …to be independent • …to translate his vision in words for – investors – buyers – partners
- Slide 13: The business plan • Emphasize the market • Address investors’ needs (FFF, business angels, VC) • Can you “make it happen”
- Slide 14: Corporate entrepreneurship/ intrapreneurship • managers • champions • portfolio • mistakes
- Slide 15: So why it didn’t work in the Bog Region • Entrepreneurs are local competitors • Wrong attitude VCs • No knowledge sharing: no combinations of new technologies – To less job-hopping • To less spin-offs • To less use of weak ties
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