How To Become A Successful Entrepreneur V1
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How To Become A Successful Entrepreneur V1

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How To Become A Successful Entrepreneur V1 How To Become A Successful Entrepreneur V1 Presentation Transcript

  • Entrepreneurship How to become a successful entrepreneur Marcel Seijner MSc.BA
  •  
  • How to become a successful entrepreneur
    • What is success?
    • When is an entrepreneur successful?
    • What skills does the entrepreneur need?
  • Silicon Valley
    • What is the secret?
    • Why didn’t it work in the Bog region?
  • Entrepreneurship built on…
    • Vision
    • Innovation
    • Strategy
    • Finance
    • Leadership
  • Characteristics of the entrepreneur
    • Huge drive
    • Willing to take risks
    • Able to develop new ideas
    • Able to get on with people
    • Strong leader (driven followers)
    • Dominant person
    • Has problems with a manager above
  • Psychological aspects
    • The entrepreneur…
    • … wants to prove himself/herself more then others
    • … has the pressure to reach something
    • … wants to be in control
    • … is convinced he/she can do it better
    • … is not afraid of taking risks
  • Sociological view
    • Entrepreneurship can’t exist without the entrepreneurs network and the social skills of the entrepreneur
    • The entrepreneur has to have the creativity to find combination in the weak ties in his network
  • Motivation for venture creation
    • Make a daily living
    • Achieve social and economic security
    • Work for oneself, not for others
    • Commercialize a particular idea, technology or skill
    • Focus on the business
    • Becoming market leader
  • Another recognition
    • High motivation for success
    • Innovate ideas and concepts
    • Collective sharing of results
    • Commercialization of highly sophisticated technology
    • Try to control the market rather than the company
    • Growth by acquiring; global alliances
  • How to succeed?
    • Spin offs have the biggest change for success
    • It is not the new technology that concurs the market, but
      • the combination of technologies
      • the modified product that suits in the market
      • the ability to get it in the market
    • It not the inventor but refiner of the technology who knows how to penetrate the market, who succeeds
  • The entrepreneur has…
    • … to have a vision about:
      • the market
      • the needs in the market
      • products or combinations that fill those needs
      • how to penetrate the market
    • … to be creative
    • … to be independent
    • … to translate his vision in words for
      • investors
      • buyers
      • partners
  • The business plan
    • Emphasize the market
    • Address investors’ needs (FFF, business angels, VC)
    • Can you “make it happen”
  • Corporate entrepreneurship/ intrapreneurship
    • managers
    • champions
    • portfolio
    • mistakes
  • So why it didn’t work in the Bog Region
    • Entrepreneurs are local competitors
    • Wrong attitude VCs
    • No knowledge sharing: no combinations of new technologies
      • To less job-hopping
    • To less spin-offs
    • To less use of weak ties