Final Entrepreneurship Lecture

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This is the final lecture I gave my entrepreneurship students tonight.

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Final Entrepreneurship Lecture

  1. 1. Final thoughts
  2. 2. Follow your interests <ul><li>Work on things you’re passionate about </li></ul><ul><li>Find others who are equally passionate </li></ul><ul><li>Don’t be dissuaded easily </li></ul><ul><li>Don’t be distracted easily </li></ul>
  3. 3. First who…then what <ul><li>Get the right people involved </li></ul><ul><li>Get the wrong people uninvolved </li></ul><ul><li>When you find a core group, protect it </li></ul>
  4. 4. hedgehog <ul><li>Passion, what you can do best, economic driver </li></ul><ul><li>Let it filter out distraction </li></ul>
  5. 5. progress <ul><li>Measure progress incrementally </li></ul><ul><li>Celebrate small victories </li></ul><ul><li>Get something to market soon </li></ul><ul><ul><li>Listen to customers </li></ul></ul>
  6. 6. values <ul><li>Look out the window to apportion success </li></ul><ul><li>Look to yourself when placing blame </li></ul><ul><li>Embed some social element into all of your ventures </li></ul><ul><li>Put family first </li></ul>
  7. 7. creativity <ul><li>Comes from activity/motion </li></ul><ul><li>comes from quiet </li></ul><ul><li>comes from organization </li></ul><ul><li>Keep your antenna up at all times </li></ul><ul><ul><li>Write your ideas down </li></ul></ul>
  8. 8. Business <ul><li>Get your affairs in order (banking, taxes, business structure) early </li></ul><ul><li>Remember your equity is your most valuable asset (give it away grudgingly) </li></ul><ul><li>Get in the habit of immediately asking who the customer is </li></ul><ul><li>Pay one vendor on time ALL the time </li></ul>
  9. 9. confidence <ul><li>Create a mantra for success (“I will succeed”) </li></ul><ul><li>Don’t be fooled into thinking that people know what they’re doing </li></ul><ul><ul><li>Be confident enough to risk and smart enough shift </li></ul></ul>
  10. 10. negotiation <ul><li>Don’t talk too much </li></ul><ul><li>Let the other party talk, you listen (they will give themselves away) </li></ul><ul><li>Don’t do deals that you wouldn’t take the other side of </li></ul>
  11. 11. Execute <ul><li>Create something worth executing </li></ul><ul><li>Set goals </li></ul><ul><li>Communicate the goals </li></ul><ul><li>Measure the goals weekly </li></ul><ul><li>Establish a single point of responsibility </li></ul><ul><li>Follow through until it’s done or irrelevant </li></ul><ul><li>Reward achievers </li></ul><ul><li>Establish a culture of execution </li></ul><ul><li>Be honest about your efficacy </li></ul>
  12. 12. More values <ul><li>Help people who cannot help you </li></ul><ul><li>Help without the expectation of return </li></ul><ul><li>Help many people </li></ul><ul><li>Do the right thing the right way </li></ul><ul><li>Pay back society </li></ul>
  13. 13. Keep in touch <ul><li>[email_address] </li></ul><ul><li>See my interests: www.9giantsteps.com </li></ul><ul><li>Twitter: gah650 </li></ul>
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