Sandy Blanquera, Founder Social Boomerang How to Tell if You’re an Entrepreneur?
<ul><li>Have a clear plan – write it down </li></ul><ul><li>Visualize your plan over and over, feeling the related emotion...
Follow Your Vision. <ul><li>Be passionate.  </li></ul><ul><li>Share your vision with others. Create accountability. </li><...
Risk Taking. <ul><li>Don’t expect to know all the outcomes; leads to paralysis </li></ul><ul><li>Gauge your plan against r...
Entrepreneurial Qualities . <ul><li>Leader; born manager more than a doer </li></ul><ul><li>Understands & performs differe...
Bootstrapping . <ul><li>Understand how a business is funded </li></ul><ul><li>Focus on cash flow; short sales cycles, shor...
Before you jump… <ul><li>Do you have a clear vision? </li></ul><ul><li>Have you mentally and physically committed to succe...
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How To Tell If You’Re An Entrepreneur

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Ever wonder if you would make a good entrepreneur? This slideshare was presented to students at the Business Builders Club at the Ohio State University. Explore for yourself.

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How To Tell If You’Re An Entrepreneur

  1. 1. Sandy Blanquera, Founder Social Boomerang How to Tell if You’re an Entrepreneur?
  2. 2. <ul><li>Have a clear plan – write it down </li></ul><ul><li>Visualize your plan over and over, feeling the related emotions </li></ul><ul><li>Believe it is your calling </li></ul><ul><li>Have confidence in you; believe in your ability to succeed </li></ul>How to Tell if You’re an Entrepreneur? Do You Have a Vision?
  3. 3. Follow Your Vision. <ul><li>Be passionate. </li></ul><ul><li>Share your vision with others. Create accountability. </li></ul><ul><li>Line your behaviors up with your vision. </li></ul><ul><li>Focus – be persistent. </li></ul><ul><li>Know your strengths and weaknesses; commit to improve yourself to get there </li></ul><ul><li>Follow through! </li></ul><ul><li>Be accountable to yourself and others. </li></ul>
  4. 4. Risk Taking. <ul><li>Don’t expect to know all the outcomes; leads to paralysis </li></ul><ul><li>Gauge your plan against reality; no blind risk taking </li></ul><ul><li>Show leadership </li></ul><ul><li>Be financially disciplined </li></ul><ul><li>Embrace failure </li></ul><ul><li>Trust your gut! </li></ul><ul><li>Must have some personal stake for others to trust you </li></ul>
  5. 5. Entrepreneurial Qualities . <ul><li>Leader; born manager more than a doer </li></ul><ul><li>Understands & performs different roles </li></ul><ul><li>Is flexible </li></ul><ul><li>Takes Action </li></ul><ul><li>May or may not invent; is able to monetize ideas </li></ul><ul><li>Creative and innovative </li></ul><ul><li>Understands controllable issues -internally & externally </li></ul><ul><li>Partners with others </li></ul><ul><li>Asks for help </li></ul><ul><li>Negotiates – always know your value proposition </li></ul><ul><li>Creates win-win agreements </li></ul>
  6. 6. Bootstrapping . <ul><li>Understand how a business is funded </li></ul><ul><li>Focus on cash flow; short sales cycles, short terms, reoccurring revenue </li></ul><ul><li>Forecast by the market reachd with your capacity </li></ul><ul><li>Hire young, cheap help; experienced = expensive help </li></ul><ul><li>Start as a service first (quick & easy money), then a product (takes money & dev time) </li></ul><ul><li>Rank financial decisions; focus on most important </li></ul><ul><li>Make your product “work” before you make it pretty </li></ul><ul><li>Go direct; more profit for you </li></ul><ul><li>Position yourself against the best; be cheaper with fewer bells & whistles </li></ul>
  7. 7. Before you jump… <ul><li>Do you have a clear vision? </li></ul><ul><li>Have you mentally and physically committed to success no matter what? </li></ul><ul><li>Are there things you need to do first? </li></ul><ul><li>Have you weighed your risks against reality? </li></ul><ul><li>Have you assessed your skills and experience to see how you measure up to an entrepreneur? </li></ul><ul><li>Have you identified bootstrapping opportunities? </li></ul>

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