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How To Tell If You’Re An Entrepreneur
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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.

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.

Published in: Technology, Business

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