entrepreneurship - making the leap of faith
TRANSCRIPT
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Derrick FungBuilding a Business
• UTSC Management Co-op 2009 Graduate
• Former banker at CIBC World Markets; also worked at Microsoft, Merrill Lynch, BNP Paribas and the Clinton Foundation
• Musician: guitar, piano, vocals
• Love to build things
• Happiness -> Success
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What is Entrepreneurship? Jumping off a cliff (9-5 job) and
building a plane (a business) on the way down
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WTF? A plane?
A magical device that is somehow able to fly in the air
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Pilots (founders) provide guidance
Without them, the plane (business) would not know where to go
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You need wings (a good idea) to fly
Without them, the plane (business) will crash ( )
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The engines (your team) ensure forward momentum
Without them, the plane (business) will not move forward
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You need fuel (cash) to keep your plane moving
“It gets the people going!”
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The fuselage (culture) holds everything together
It connects all the moving parts
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A picture is worth a thousand words…