Entrepreneurship: the end of your job search


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Entrepreneurship: the end of your job search

  1. 1. EntrepreneurshipThe end of your job searchMohammed Al-Ayouti@ayouti17 December 2012
  2. 2. Entrepreneurship is living a few years like most people wont so that you can spend the rest of your life like most cant… – Anonymous2 @ayouti
  3. 3. There are many different types of entrepreneurship • Small business entrepreneurship • Scalable startup entrepreneurship • Social entrepreneurship • Intrapreneurship3 @ayouti
  4. 4. Why it’s important4 Insert Confidentiality level | 17 December 2012 @ayouti
  5. 5. • It has assumed super importance for accelerating economic growth both in developed and developing countries • It promotes capital formation and creates wealth in a country. • It is the hope and dream of millions • It reduces unemployment and poverty and it is a pathway to prosper.5 @ayouti
  6. 6. It’s a major driver of economic growth in the US and Europe ~600,000 new businesses created in the US last year6 @ayouti
  7. 7. It creates jobs ~750,000 people enter the workforce in Egypt each year7 @ayouti
  8. 8. It accelerates innovation 13x more patents per employee are created by small businesses than large patenting firms8 @ayouti
  9. 9. Misconceptions9 Insert Confidentiality level | 17 December 2012 @ayouti
  10. 10. Common misconceptions about entrepreneurship  Entrepreneurs are born, not made  Entrepreneurship is easy, and anyone can do it  Entrepreneurs are risk takers  Entrepreneurs are motivated only by achieving wealth  Funding is the key to success  A detailed business plan is necessary  You make your own hours  You will be an overnight success  Entrepreneurship is limited to Internet companies10 @ayouti
  11. 11. Take the plunge Before you take the plunge, ask yourself: Are you…11 @ayouti
  12. 12. A leader?12 @ayouti
  13. 13. Energetic?13 @ayouti
  14. 14. Motivated?14 @ayouti
  15. 15. Patient?15 @ayouti
  16. 16. Perseverant?16 @ayouti
  17. 17. Self-confident?17 @ayouti
  18. 18. Competitive?18 @ayouti
  19. 19. Able to identify opportunities?19 @ayouti
  20. 20. Able to take risks?20 @ayouti
  21. 21. Able to plan & organize?21 @ayouti
  22. 22. Able to adapt to changes?22 @ayouti
  23. 23. Answered yes to all of the above?23 @ayouti
  24. 24. @ayouti
  25. 25. 25 @ayouti
  26. 26. You are not one of them26 @ayouti
  27. 27. Our culture is hardwired against entrepreneurship • The education system taught you how to be a great employee • Your family wants you to find a job • Starting up is tough • Failure isn’t culturally (or legally) accepted @ayouti
  28. 28. 30-40% of startups liquidate 70-80% fail to see the projected ROI28 @ayouti
  29. 29. Fail fast, fail often As an entrepreneur, you will learn that failure is just one step on the way to success29 @ayouti
  30. 30. “Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.” – Mark Twain Thank you Questions? ayouti.com @ayouti DISCLAIMER: This material is published by, and solely reflects the personal views of, the author in his individual capacity, and it does not necessarily represent the views, positions, strategies or opinions of his employer. The author will not be held responsible for any misfacts.30 @ayouti