What About The Other 99% - The Real Definition of Grinding: Entrepreneurship

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Short presentation for 12 - 15 year old males on what makes great entrepreneurs.

*Note: The entrepreneurship "dna" was taken from Mark Suster's "Both Sides of The Table" blog. Hey, I only had 36 hours (while swamped) to create this presentation. What was I supposed to do?

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What About The Other 99% - The Real Definition of Grinding: Entrepreneurship

  1. 1. What AboutThe Other 99%? The Real Definition of Grinding: Entrepreneurship Joe Womack III February.12.2011
  2. 2. WORK HARD. MEASURE. LEARN. (REPEAT) GRINDING
  3. 3. What Is An Entrepreneur?“A person who forms an organization designedto deliver a (new) product or service underconditions of extreme uncertainty.” – Eric Ries What Is Entrepreneurship?• Change the world• Build an organization of lasting value• Make customers’ lives better
  4. 4. My Story
  5. 5. What Makes A Good Entrepreneur?1. Tenacity2. Street Smarts3. Ability To Pivot4. Resiliency5. Inspiration6. Perspiration7. Willingness To Accept Risk8. Attention To Detail9. Competitiveness10. Decisiveness11. Experience12. Integrity Adopted From Both Sides of The Table By Mark Suster
  6. 6. Tenacity The most important attribute of anentrepreneur is never being willing to give up.
  7. 7. Street Smarts Getting out, understanding, and selling tocustomers is far more important than book smarts or computer research.
  8. 8. Ability To Pivot The best entrepreneurs fine tune their product and their business model until they find a groove.
  9. 9. ResiliencyBeing an entrepreneur is cool … for those whohaven’t done it. In reality it’s gritty, tough work where you will be filled with self doubt. Entrepreneurs are survivors.
  10. 10. InspirationTenacity + street smartsis not enough withoutinspiration. You needto lead teams andconvince others tomove mountains whenby all means theyshouldn’t believe theycan…
  11. 11. PerspirationThere’s no “off button” on this guy…
  12. 12. If you aren’t willing to take ashot by starting yourcompany it says you aren’tconfident enough in theidea or in yourself. Risky
  13. 13. Attention To Detail If you’re going to lead a business youneed to be on top of all your details.
  14. 14. Competitiveness The best entrepreneurs hatelosing. Whether in life or business they play to win. It consumes them.
  15. 15. Decisiveness Entrepreneurs don’t “noodle,” they “do.” Entrepreneurs are faced with a lot of daily decisions – much of it minutiae. All of it requiring decisions and action.
  16. 16. Experience Having experience andrelationships gives you an unfairadvantage. Better that you start with this than from scratch.
  17. 17. Integrity
  18. 18. When someone tells you, "Thats impossible" it should be translated as"According to my very limited experience and narrow understanding of reality,thats very unlikely." Dont take advice as absolutes - the time may have changed since the times of the people giving advice. No one has figured it all out - were just talking monkeys. - Paul Buchheit, Creator of Gmail

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