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Lessons In Entrepreneurship
 

Lessons In Entrepreneurship

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This is a presentation that I gave to a high school entrepreneurship class. I loved their energy and how driven some of them were to make a difference.

This is a presentation that I gave to a high school entrepreneurship class. I loved their energy and how driven some of them were to make a difference.

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    Lessons In Entrepreneurship Lessons In Entrepreneurship Presentation Transcript

    • The Opes Group Lessons in Entrepreneurship
    • Agenda
      • Introduction
      • Why – The Only Question You Need
      • Power Team and Mentors
      • Goals are Essential
      • Lessons Learned
      • Resources
      • Questions
    • Introduction
      • Darryl Kraemer, MBA
        • President, The Opes Group
        • President, The Ivy Parker Group
        • Completed MBA at WLU in 2007
        • B. Math from UW in 1999
        • Solution Architect for Agfa HealthCare, 9+ yrs
        • http://www.linkedin.com/in/darrylkraemer
    • Why?
    • Why?
      • Tenants – why should they rent from us?
      • Lenders – why should they loan us the money?
      • Investors – why should they give us their hard earned money?
      • Sellers – why should they accept our offer?
      • Realtor – why should they spend time looking for properties for us?
      • Always ask why, and then answer it!
    • Power Team and Mentors
      • Don’t reinvent the wheel
      • Find a successful person in your field of interest, learn what they are doing and emulate them
      • Success doesn’t happen by chance, it is the result of good daily habits
      • If you keep on doing what you've always done, then you will keep on getting what you've always got.
    • Power Team and Mentors
      • Overnight sensations took years of preparation
    • Goals
      • Why do 3% of Harvard MBA’s make 10x as much as the other 97% combined ?
    • Goals
      • In 1979, interviewers asked the graduating MBA class the following questions:
      • How many of you have no goals?
      • How many of you have goals, but have never written them down?
      • How many of you have clear, written goals and plans to accomplish them?
    • Goals
      • In 1979, interviewers asked the graduating MBA class the following questions:
      • How many of you have no goals? 84%
      • How many of you have goals, but have never written them down?
      • How many of you have clear, written goals and plans to accomplish them?
    • Goals
      • In 1979, interviewers asked the graduating MBA class the following questions:
      • How many of you have no goals? 84%
      • How many of you have goals, but have never written them down? 13%
      • How many of you have clear, written goals and plans to accomplish them?
    • Goals
      • In 1979, interviewers asked the graduating MBA class the following questions:
      • How many of you have no goals? 84%
      • How many of you have goals, but have never written them down? 13%
      • How many of you have clear, written goals and plans to accomplish them? 3%
    • Goals
      • In 1989, they interviewed the same people and here are the results:
      • The 13% who had goals , but didn’t write them down were earning, on average, twice as much as the 84% with no goals
      • The 3% who had clear, written goals were earning, on average, ten times as much as the other 97% put together!
    • Lessons Learned
      • Spend the time and money up front on a shareholder’s agreement
      • Interview your Power Team and partner with the best (lawyers, accountants, specialists – mortgage brokers, bankers, realtors, property managers, property inspectors, etc…)
      • If you are the smartest person on the team, you are in trouble!
      • Get everything in writing
    • Resources
      • Books
        • Art of the Start, Rich Dad Poor Dad, Never Eat Alone, Hot Flat and Crowded, Made to Stick, Good to Great, The E-Myth Revisited, Secrets of the Millionaire Mind, 7 Habits of Highly Effective People, The 4hr Work Week, Think and Grow Rich, Tribes
      • Audio CD’s
        • Tony Robbins, Jim Rohn
      • Blogs
        • Communitech, Seth Godin, Tim Ferriss, YoungEntrepeneur.com, Guy Kawasaki, TechCrunch, TEDBlog,
    • Questions