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Entrepreneurship :  The road least taken
I’m Muhammed Nasrullah aka  Nash Batch 10, FCSE I manage  Gikipedia.net
 
I am CEO of  ByteSense
Who I was: President  ACM, Webmaster  2003-2005, FCSE Automation, Author of  GIKI Yearbook
About Me:  Who I am not
I am  not  a role model
I am not a  success story
I am not a  success story …yet
The Default Path <ul><li>Nursery </li></ul><ul><li>School </li></ul><ul><li>College </li></ul><ul><li>University </li></ul...
What  other alternatives  are there?
Entrepreneurship
Entrepreneur:  Creates a new business, process and technology for business
That Means:  They change the world
Entrepreneur:  High risk, high innovation
High Risk :
Instability
Risk of Failure
No monthly paycheck
The Rewards:
Change the world
Create jobs
Solve problems
Get rich doing it
Why aren't there  enough Entrepreneurs?
Failure.
Fear of  Failure.
Innovation  is tricky
The fairy tale:  All successful companies you hear about never failed
The Road to Success is  paved with Failure
“ I have not failed. I've just found 10,000 ways that won't work.”  Thomas Edison
Took  50,000  tests to develop the nickel-iron alkaline battery that became an industry standard and is still used today-m...
It took more than  2,000  tests to find the right filament for the light bulb.
Traf-O-Data
Bill Gates first company (it failed)
“ Before Paul and I started the company, we had been involved in some large-scale software projects that were real disaste...
Paypal  was Max Levchin's  3rd company
The Facebook  was not  Mark Zuckerberg's  first website
“ Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe i...
In order to succeed,  learn to deal with failure
Be prepared to be  disappointed  by the  market response
Plan for a  backup
Support system:  family, spouse, friends
Plan B  (a job)
Analyze  what caused the failure
It's only a failure  if we fail to get the learning
My advice
Start your  startup in your  3rd or 4th year
Google started in Stanford's dorm room
Facebook did so in Harvard's
You can find  great people  to help you with it
Reduced pressure:  can be done along with your studies
No financial obligation , you're just a student
Make your startup idea,  your FYP
You  will still benefit  with the grade
You will have worked on a  Real project  (used in the wild)
Even if it fails,  you will be successful (wiser, course grade)
Work Hard
Very hard
Work Smart
Stop satisficing
Have Faith: Believe in yourself
Study Hard
If you don't read good books,  there's no advantage  over the illiterate
The Road Least Taken
Take the alternate path
Do a startup
Don’t be afraid of failure
Change the world
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Entrepreneurship - The Road Least Taken

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This is a talk I gave at GIKI (www.giki.edu.pk) an engineering university in Pakistan

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  • I’m here to talk about entrepreneurship and I’m going to talk about why it can be a viable alternative for you to consider when you graduate. I understand there is a lot of alumni here but my main focus was GIKI students. So if this seems irrelevant to you, apologies in advance. But maybe there are a few things here which you could learn from. So, without further ado, here we go
  • Transcript of "Entrepreneurship - The Road Least Taken"

    1. 1. Entrepreneurship : The road least taken
    2. 2. I’m Muhammed Nasrullah aka Nash Batch 10, FCSE I manage Gikipedia.net
    3. 4. I am CEO of ByteSense
    4. 5. Who I was: President ACM, Webmaster 2003-2005, FCSE Automation, Author of GIKI Yearbook
    5. 6. About Me: Who I am not
    6. 7. I am not a role model
    7. 8. I am not a success story
    8. 9. I am not a success story …yet
    9. 10. The Default Path <ul><li>Nursery </li></ul><ul><li>School </li></ul><ul><li>College </li></ul><ul><li>University </li></ul><ul><li>Job at Multinational </li></ul><ul><li>Marriage </li></ul><ul><li>Higher Education/Academics </li></ul>
    10. 11. What other alternatives are there?
    11. 12. Entrepreneurship
    12. 13. Entrepreneur: Creates a new business, process and technology for business
    13. 14. That Means: They change the world
    14. 15. Entrepreneur: High risk, high innovation
    15. 16. High Risk :
    16. 17. Instability
    17. 18. Risk of Failure
    18. 19. No monthly paycheck
    19. 20. The Rewards:
    20. 21. Change the world
    21. 22. Create jobs
    22. 23. Solve problems
    23. 24. Get rich doing it
    24. 25. Why aren't there enough Entrepreneurs?
    25. 26. Failure.
    26. 27. Fear of Failure.
    27. 28. Innovation is tricky
    28. 29. The fairy tale: All successful companies you hear about never failed
    29. 30. The Road to Success is paved with Failure
    30. 31. “ I have not failed. I've just found 10,000 ways that won't work.” Thomas Edison
    31. 32. Took 50,000 tests to develop the nickel-iron alkaline battery that became an industry standard and is still used today-more than 90 years later
    32. 33. It took more than 2,000 tests to find the right filament for the light bulb.
    33. 34. Traf-O-Data
    34. 35. Bill Gates first company (it failed)
    35. 36. “ Before Paul and I started the company, we had been involved in some large-scale software projects that were real disasters. They just kept pouring people in, and nobody knew how they were going to stabilize the project. We swore to ourselves that we would do better” Bill Gates
    36. 37. Paypal was Max Levchin's 3rd company
    37. 38. The Facebook was not Mark Zuckerberg's first website
    38. 39. “ Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven't found it yet, keep looking.” Steve Jobs
    39. 40. In order to succeed, learn to deal with failure
    40. 41. Be prepared to be disappointed by the market response
    41. 42. Plan for a backup
    42. 43. Support system: family, spouse, friends
    43. 44. Plan B (a job)
    44. 45. Analyze what caused the failure
    45. 46. It's only a failure if we fail to get the learning
    46. 47. My advice
    47. 48. Start your startup in your 3rd or 4th year
    48. 49. Google started in Stanford's dorm room
    49. 50. Facebook did so in Harvard's
    50. 51. You can find great people to help you with it
    51. 52. Reduced pressure: can be done along with your studies
    52. 53. No financial obligation , you're just a student
    53. 54. Make your startup idea, your FYP
    54. 55. You will still benefit with the grade
    55. 56. You will have worked on a Real project (used in the wild)
    56. 57. Even if it fails, you will be successful (wiser, course grade)
    57. 58. Work Hard
    58. 59. Very hard
    59. 60. Work Smart
    60. 61. Stop satisficing
    61. 62. Have Faith: Believe in yourself
    62. 63. Study Hard
    63. 64. If you don't read good books, there's no advantage over the illiterate
    64. 65. The Road Least Taken
    65. 66. Take the alternate path
    66. 67. Do a startup
    67. 68. Don’t be afraid of failure
    68. 69. Change the world

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