..:: tlBP ::Think Like a Business Person ::..

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Do you know what it takes to build a successful business?
You need to know how to Think and work like a business person - tlBP (TM).

This session introduces you with the Romanian landscape of the entrepreneur, the opportunity, the challenges, and the need for the Romanian Entrepreneurs wannabes to Think Like a Business Person - tlBP (TM). We set-up the stage later introducing the educational program we are running - tlBP.

tlBP is made to address the challenges and entrepreneur is facing - from forming a team to making the first sale, working with investors to becoming a complete leader.

during our tlBP sessions we shall learn how to
work together and in teams
innovate
learn by doing
be critical (analyze / compare / contrast)
startup a business
find guidance and mentoring in the process
find investors to guide you and and shoulder your efforts
understand how to network and open doors

Reach back to us for more information and support.

Published in: Business, Economy & Finance
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..:: tlBP ::Think Like a Business Person ::..

  1. 1. think like a business person session #1 the economy, the culture, the entrepreneur and the team
  2. 2. index The economy Chiaimerica, Chindia, EurAmerica & others Hostede's view on country and organizational culture The entrepreneur Global Entrepreneurship Monitor - statistics Successful Entrepreneurial teams
  3. 3. reference: ft.com Chindia, EurAmerica & the rest
  4. 4. ChinIdia, Euramerica & the rest
  5. 5. Hostede's organizational culture Geert Hofstede - an influential Dutch researcher in the fields of organizational studies and more concretely organizational culture, also cultural economics and management (wikipedia) ● Power Distance (PDI) ● Individualism versus Collectivism (IDV) ● Masculinity versus Femininity (MAS) ● Uncertainty Avoidance (UAI) ● Long Term Orientation (LTO) http://geert-hofstede.com
  6. 6. this is how Ro org culture looks like http://geert-hofstede.com
  7. 7. this is how Ro org culture looks like http://geert-hofstede.com tr=75.6M bg=7.3M ro = 18.6M (source wikipedia)au=8.4M hu=9.9M (source wikipedia)
  8. 8. black cherry on the cake - we & Russia are the same! consider this: 1. power & transparence 2. love the success of individuals & teams 3. don't wait for others, pull if you cannot all push 4. take calculated risks no pain / no gain 5. think short and long term / be flexible and know when to change strategies
  9. 9. define: Entrepreneur AN INDIVIDUAL WHO, THROUGH PERSONAL DRIVE AND NOVEL TECHNICAL OR MANAGERIAL INSIGHTS, IS ABLE TO ACHIEVE SIGNIFICANT GROWTH FOR A FIRM HE OR SHE OWNS OR MANAGES FOR OTHER PROVIDERS OF CAPITAL
  10. 10. Statistics - Global Entrepreneurship Monitor (GEM) Country / Stage / 2012 (2007) % Nascent 0-1 years New 1-2 years Early Stage 3.5 - 5 years Established 5 years ++ US 9(6.5)% 4(3.4)% 13(9.6)% 9(5)% UK 5(2.9)% 4(2.7)% 9(5.5)% 6(5.1)% Japan 2(2.2)% 2(2.2)% 4(4.3)% 6(8.7)% China 5(6.9)% 7(10)% 13(16.4)% 12(8.4)% Brazil 4(4.3)% 11(8.7)% 15(12.7)% 15(9.9)% Russia 3(1.3)% 2(1.3)% 4(2.7)% 2(1.7)% Romania (2008) 6(2.5)% < 50% 4(1.6)% < 50% 9(4)% < 50% 4(2.1)% 50%
  11. 11. stages of a business, growth & confidence reference: MBS - Francis C. & Ray Oakey
  12. 12. best way ahead is to team up ● you (who are you / what do you know / who do you know) ● the partners - don't compromise for very best ● handle well frictions - by being prepared ● start with optimism, trust and empathy Process: acquire motivation -> find idea -> idea validation -> find resources -> Negotiation Entry -> Birth & survival of the Business adapted from MBS - Francis C. & Ray Oakey
  13. 13. there are high R&D expenditure and funding costs adapted from MBS - Francis C. & Ray Oakey
  14. 14. moving forward learn on how best to succeed by coming to tlBP we shall put you to: ● work together ● innovate ● learn by doing ● be critical (analyze / compare / contrast) ● make a business ● guide you in the process ● invest and shoulder your efforts ● network / open doors
  15. 15. Thank you! Q&A on tlBP - follows shortly #2
  16. 16. Backup #1 - biz entry strategies •Developing a new product or service. •Developing a better product or service. •Buying a franchise. •Exploiting an existing product or service •Finding a sponsor for a start-up enterprise. •Acquiring a going concern. adapted from MBS - Francis C. & Ray Oakey
  17. 17. Backup #2 - high opportunity idea Economic Issues Profit after tax 10% or more, durable Breakeven In under two years Positive cash flow In under two years ROI potential 25% or more per year Capital requirements Low to moderate, fundable Exit mechanism Attractive, clearly seen Abridged from: Timmons 1994, p46 / Francis & Ray @ MBS

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