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Presentation on Technology Entrepreneurship for the JKUAT MIT AITI-x Day at Jomo Kenyatta University of Agriculture and Technology (JKUAT) by Moses Kemibaro of Dotsavvy Limited
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Presentation on Technology Entrepreneurship for the JKUAT MIT AITI-x Day at Jomo Kenyatta University of Agriculture and Technology (JKUAT) by Moses Kemibaro of Dotsavvy Limited

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Presentation on Technology Entrepreneurship for the JKUAT MIT AITI-x Day at Jomo Kenyatta University of Agriculture and Technology (JKUAT) by Moses Kemibaro of Dotsavvy Limited

Presentation on Technology Entrepreneurship for the JKUAT MIT AITI-x Day at Jomo Kenyatta University of Agriculture and Technology (JKUAT) by Moses Kemibaro of Dotsavvy Limited

Published in: Technology, Business

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Transcript

  • 1.  
  • 2.
      Entrepreneurship in Technology Moses Kemibaro, Dotsavvy Limited JKUAT/MIT AITI-x Open Day 7 th November 2009
  • 3. Beginning.
    • Your idea has to have a market for it.
    • 4. Aim for the mountains!
    • 5. Most start-ups fail within the first year of business – more so 2 to 5 years later.
    • 6. Your idea is not exclusive – get help.
    • 7. Networking is essential.
    • 8. Plan, plan and plan more than needed.
  • 9. Funding.
    • The fishing is best where few dare to go – money follows the most audacious ideas!
    • 10. Start small (friends and family) and then build that to larger funding prospects (Angels/VCs/Incubation)
    • 11. Having a working prototype/model – its much easier to sell the real deal!
    • 12. Talk to everyone and anyone – funding can come from anywhere.
  • 13. Partners.
    • Partners should complement your competencies – everyone needs to add value.
    • 14. Mentorship from seasoned investors/board/advisors/colleagues is invaluable.
    • 15. Can be rough! Just like marriage – make it work! Focus on the end game
    • 16. If its not working, look at plan B!
    • 17. Can change direction at anytime.
  • 18. Team.
    • Hire people as smart or smarter than you! – it will add value!
    • 19. Hire people based on their ability to deliver, on quality, on expectations, on time, with integrity.
    • 20. Great talent is often shy – really look hard, you'll be surprised!
    • 21. Learn more than you need to about leadership – its an endless journey!
  • 22. Attitude.
    • Motivation to get things done is overrated – just do it!
    • 23. Long hours, small pay – just another day at working on your dream!
    • 24. Your passion to realize your dream will keep you going.
    • 25. Be humble, driven and focussed – Entrepreneurship is not for everyone!
    • 26. Keep learning, it never ends!
  • 27. Challenges.
    • Be prepared to have no money to fuel the car or pay the rent!
    • 28. Cashflow is king! Get paid.
    • 29. Spend more and more time with other successful entrepreneurs – they will show you what works.
    • 30. Competition – always be on the edge! Stay relevant
    • 31. Employees will leave – live with it!
  • 32. Growth.
    • Can catch you off guard – be prepared!
    • 33. A 2 person operation is very different from a 20 person business – develop systems and processes.
    • 34. People run the systems – the systems run the business!
    • 35. Delegate or go mad, literally!
    • 36. Cashflow, again, is king to go to the next level! Get funding if needed.
  • 37. Business.
    • Choose your market niche/segment, then go for it!
    • 38. Do the math – it has to add up!
    • 39. Not all customers are equal – its a fact, 80/20 rule (pareto's principal).
    • 40. Branding creates differentiation – whats your brand story?
    • 41. Build strategic partnerships.
    • 42. Credentials matter – customers buyin
  • 43. Service.
    • The customer is the boss, really! - make sure they are happy.
    • 44. Do more than you have to – customers fuel your business.
    • 45. Apply the 80/20 rule – you'll be surprised!
    • 46. Choose them, once established.
    • 47. Referrals are key, ask for them.
    • 48. Fix loopholes with systems.
  • 49. Closing.
    • Things never go according to plan – live with it!
    • 50. Solutions to BIG Problems yield the biggest returns – what needs fixing?
    • 51. Work harder than ever, really hard!
    • 52. Maintain a work/life “separation”.
    • 53. Change is the only constant!
    • 54. Your health and longevity is more important than the business!
  • 55. Thanks! Questions? Moses Kemibaro Dotsavvy Limited email: [email_address] tel: www.twitter.com/moseskemibaro web: www.dotsavvyafrica.com blog: www.moseskemibaro.com

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