how to become an entrepreneur ?

Prepared by : Yahia Mohamed Reda

Benha University – faculty of science

Are you going to take an office job …

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

ENTREPRENEUR

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

NOT

• Copying existing models

• Lazy

• Quitter

• Content with ‘the way things are’

YES

• Innovative (adding value)

• Loves change, risk

• Workaholic

• Team-player

• Leader

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

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

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

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

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)

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FIRSTEPs for Start-ups taken from material by Eric Zoetmulder

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

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FIRSTEPs for Start-ups taken from material by Eric Zoetmulder

3. Realistic

Do market-research (who are your clients,

main competitors)

Start with realistic goals

Respond to real consumer need

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FIRSTEPs for Start-ups taken from material by Eric Zoetmulder

4. Strategy

Make a strategic plan: how to go from

zero to your Unique Value Proposition

First steps for Start-ups

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

6. Encouragement

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

You need their support

First steps for Start-ups

7. Planning

Plan for the worst case scenario – so

you’re always prepared.

First steps for Start-ups

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...

Private Sector

IMC - EBF - Social Fund – WEL - Ideavelopers

Friends – Family – Online research

“Idea”

“Start-up/ Business-plan”

“High-growth SMEs”

“Large to medium sized”

Khaled Ismail

Fatma Ghaly

Nadia & Hind Wassef

Heba Jammal & Tarek Khaddaj

Omar Fathy

Ahmed Metwally & Mostafa Hafez

Education &

Training

Role-models

& cultural

norms

Trusting

Business

Environment

Commercial &

Professional

Services

Infrastructure

Financial

Support

Government

policies

Contact me : Dr.yahia1@yahoo.com www.facebook.com/yahia.reda