Lotus 6: "Alternative Ways for Traditional Business" Starting your own business Ernests Štāls 11.12.2010
I will talk about <ul><li>Me </li></ul><ul><li>Startups </li></ul><ul><li>Failures </li></ul><ul><li>Luck </li></ul><ul><l...
About me My name is Ernest I’m 27 From LV Business education In internet business for last 5 years
Startups
Startups quality speed quality quality
Failure
Failure
Failure
Luck
Luck
Pitch
Team
Funding
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"Starting your own business" - Lotus 6th - Ernests Štāls - Soon

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Presentation by Ernests Štāls (Soon) - "Starting your own business" in conference Lotus 6th: Alternative Ways for Traditional Business, organized by AIESEC Riga. 11.12.2010 in RISEBA.

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  • Startup vs established You have an idea Most likely it will be wrong You have business plan There is no need for one You need idea about business model You have to adapt and change fast – Iteration speed beats quality
  • You have an idea Most likely it will be wrong You have business plan There is no need for one You need idea about business model You have to adapt and change fast – Iteration speed beats quality
  • Fail fast fail often (Tom Peters) Learn from failures It is not a must
  • Fail fast fail often (Tom Peters) Learn from failures It is not a must
  • Fail fast fail often (Tom Peters) Learn from failures It is not a must
  • It is nomething you work on Not something what just comes
  • It is nomething you work on Not something what just comes
  • Learn to pitch investor (elevator pitch - who are you - what problem you solve - how big is market - why you are the one client
  • Share values Importance of Why not How
  • 3F Bootstrapping
  • "Starting your own business" - Lotus 6th - Ernests Štāls - Soon

    1. 1. Lotus 6: &quot;Alternative Ways for Traditional Business&quot; Starting your own business Ernests Štāls 11.12.2010
    2. 2. I will talk about <ul><li>Me </li></ul><ul><li>Startups </li></ul><ul><li>Failures </li></ul><ul><li>Luck </li></ul><ul><li>Pitch </li></ul><ul><li>Team </li></ul><ul><li>Funding </li></ul>
    3. 3. About me My name is Ernest I’m 27 From LV Business education In internet business for last 5 years
    4. 4. Startups
    5. 5. Startups quality speed quality quality
    6. 6. Failure
    7. 7. Failure
    8. 8. Failure
    9. 9. Luck
    10. 10. Luck
    11. 11. Pitch
    12. 12. Team
    13. 13. Funding

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