After graduation: How to be an entrepreneur

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This presentations presents students (in Egypt ) with a crucial question: do they want to join the throngs of others on the job-market, or do they have what it takes to be an entrepreneur? Presentation includes some simple steps you need to take to begin your start-up.

After graduation: How to be an entrepreneur

  1. 1. Entrepreneurs: Heroes in Egypt’s Economic Development
  2. 2. What to do after graduation? <ul><li>Are you going to take an office job … </li></ul><ul><li>… or become an engineer, or doctor, like the rest of Egypt? </li></ul>
  3. 3. Or do you have what it takes to be an ENTREPRENEUR
  4. 4. Entrepreneurs are Superheroes <ul><li>Because they innovate </li></ul><ul><li>Create competition </li></ul><ul><li>Create new jobs </li></ul><ul><li>Generate revenue </li></ul><ul><li>and inspire others </li></ul>
  5. 5. Characteristics of an Entrepreneur
  6. 6. Example of Successful Young Entrepreneur Name : Mark Zuckerberg Age : 25 Started Facebook.com while studying computer science at Harvard University. CEO and Founder of Facebook
  7. 7. Example of Successful Arab Entrepreneur Name : Fadi Ghandour Age : 51 Founded ARAMEX in 1982 Aramex was the first Arab company to be listed on NASDAQ CEO and Founder of Aramex
  8. 8. Example of Successful Egyptian Entrepreneurs Name : Nadia & Hind Wassef Age : 35 & 38 Opened Diwan because they loved reading, and wanted to create a place that would celebrate Arab culture. Founders of Diwan Bookstore
  9. 9. Name : Mostafa Hafez Age : 26 Founded Timeline Interactive after graduating from Ain Shams University (Computer Science). Founder of Timeline Interactive Example of Successful Young Egyptian Entrepreneur
  10. 10. So, HOW do you get there?
  11. 11. First steps for Start-ups <ul><li>1. F inance </li></ul><ul><li>Write a business-plan </li></ul><ul><li>Calculate your costs </li></ul><ul><li>Double that! (be on safe side, you’re always missing things) </li></ul><ul><li>Find angel investing (family, friends, SFD) </li></ul>1 1 FIRSTEPs for Start-ups taken from material by Eric Zoetmulder
  12. 12. First steps for Start-ups <ul><li>2. I nterest & Commitment </li></ul><ul><li>B e passionate about what you do, you won’t have time for anything else! </li></ul><ul><li>Don’t just go for money, you will fail </li></ul>1 1 FIRSTEPs for Start-ups taken from material by Eric Zoetmulder
  13. 13. First steps for Start-ups <ul><li>3. R ealistic </li></ul><ul><li>Do market-research (who are your clients, main competitors) </li></ul><ul><li>Start with realistic goals </li></ul><ul><li>Respond to real consumer need </li></ul>1 1 FIRSTEPs for Start-ups taken from material by Eric Zoetmulder
  14. 14. <ul><li>4. S trategy </li></ul><ul><li> Make a strategic plan: how to go from zero to your Unique Value Proposition </li></ul>First steps for Start-ups
  15. 15. <ul><li>5. T iming </li></ul><ul><li>Time the release of your product </li></ul><ul><li>If you’re too early, consumers won’t be interested </li></ul><ul><li>If you’re too late, others will have taken your model </li></ul>First steps for Start-ups
  16. 16. <ul><li>6. E ncouragement </li></ul><ul><li> Get feedback from friends, family & look for a mentor. You need their support </li></ul>First steps for Start-ups
  17. 17. <ul><li>7. P lanning </li></ul><ul><li> Plan for the worst case scenario – so you’re always prepared. </li></ul>First steps for Start-ups
  18. 18. But most importantly... <ul><li>Don’t be afraid to FAIL! </li></ul><ul><li>When you FAIL , it means you </li></ul><ul><li>took the RISK and learned.. </li></ul><ul><li>FAILURE teaches you how to </li></ul><ul><li>do BETTER next time... </li></ul>
  19. 19. Sources of Support “ Idea” “ Start-up/ Business-plan” “ High-growth SMEs” “ Large to medium sized”
  20. 20. Endeavor works with HIGH-IMPACT entrepreneurs Khaled Ismail Fatma Ghaly Nadia & Hind Wassef Heba Jammal & Tarek Khaddaj Omar Fathy Ahmed Metwally & Mostafa Hafez
  21. 21. In order for more entrepreneurs to become HIGH IMPACT, we need to build an entrepreneurial ecosystem
  22. 22. Thank you! Any questions?

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