opportunity found!
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Understanding the Entrepreneurial Mindset
Opportunity Found
Two Questions
How do entrepreneurs recognize opportunities?
How do entrepreneurs recognize opportunities?
How do they pull it off?
Wisdom and insight straight from the source
Module 1: Principles
What is entrepreneurship?
Entrepreneurship is not management
What is an entrepreneur?
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What does it take to become an entrepreneur?
Create the future
Risk vs Reward
"Imagination is more important than knowledge”
-A. Einstein
Module 2: Paradigm
Organizational Paradigm:Origins and Outcomes
Organizational Mindset
Thank God It’s Friday
Shift Happens
The Entrepreneurial Paradigm:Origins and Outcomes
The Entrepreneurial Mindset
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Thank God It’s Monday
Old Paradigms Die Hard
Assumption of Complete Knowledge
Module 3:
Opportunity Found:An Entrepreneurs Perspective
Fundamentals of Value Creation
A Solution in Search of a Problem
An inside-out perspective
"The market doesn't give a damn about you."
-David Morgenthaler
Hope is not a strategy
It’s not about us…
EQ vs IQ
“Seek first to understand, then to be understood.”
- Steven Covey
Know thy customer
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Know thy self
The maze
Problems are opportunities
Opportunity assessment
$
time
12
3
revenue
expense
Can we make a product?
Can we get a few
people to buy? Can we get lots of
people to buy?
Seed/pre-seed
Founders
?
Capital
Mgmt
Early stage/ Angels
Growth/VC
Founders/Prof Mgmt
Prof. Mgmt
Basic financial aptitude
Scalability and growth potential
Objectivity
Enthusiastic and somewhat inexperienced
Module 4: Approach
1. Growth mindset- internal vs external
locus of control
2. Win X the big brother alliance
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3. Social intelligence networking
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4. CreativityFinding Solutions for Everyday
Problems
5. Intuition The power of thinking without
thinking
6. Willingness to embrace change
Curiosity is required
7. Tolerance for uncertaintyIrreducible uncertainty
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8. VisionTapping the power of
human potential
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9. AgilityOpportunistic adaptation
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10. Focus and executionFacing your fears
11. Persistence and determination
A positive approach
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