Entrepreneurship :  The road least taken
I’m Muhammed Nasrullah aka  Nash Batch 10, FCSE I manage  Gikipedia.net
 
I am CEO of  ByteSense
Who I was: President  ACM, Webmaster  2003-2005, FCSE Automation, Author of  GIKI Yearbook
About Me:  Who I am not
I am  not  a role model
I am not a  success story
I am not a  success story …yet
The Default Path <ul><li>Nursery </li></ul><ul><li>School </li></ul><ul><li>College </li></ul><ul><li>University </li></ul...
What  other alternatives  are there?
Entrepreneurship
Entrepreneur:  Creates a new business, process and technology for business
That Means:  They change the world
Entrepreneur:  High risk, high innovation
High Risk :
Instability
Risk of Failure
No monthly paycheck
The Rewards:
Change the world
Create jobs
Solve problems
Get rich doing it
Why aren't there  enough Entrepreneurs?
Failure.
Fear of  Failure.
Innovation  is tricky
The fairy tale:  All successful companies you hear about never failed
The Road to Success is  paved with Failure
“ I have not failed. I've just found 10,000 ways that won't work.”  Thomas Edison
Took  50,000  tests to develop the nickel-iron alkaline battery that became an industry standard and is still used today-m...
It took more than  2,000  tests to find the right filament for the light bulb.
Traf-O-Data
Bill Gates first company (it failed)
“ Before Paul and I started the company, we had been involved in some large-scale software projects that were real disaste...
Paypal  was Max Levchin's  3rd company
The Facebook  was not  Mark Zuckerberg's  first website
“ Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe i...
In order to succeed,  learn to deal with failure
Be prepared to be  disappointed  by the  market response
Plan for a  backup
Support system:  family, spouse, friends
Plan B  (a job)
Analyze  what caused the failure
It's only a failure  if we fail to get the learning
My advice
Start your  startup in your  3rd or 4th year
Google started in Stanford's dorm room
Facebook did so in Harvard's
You can find  great people  to help you with it
Reduced pressure:  can be done along with your studies
No financial obligation , you're just a student
Make your startup idea,  your FYP
You  will still benefit  with the grade
You will have worked on a  Real project  (used in the wild)
Even if it fails,  you will be successful (wiser, course grade)
Work Hard
Very hard
Work Smart
Stop satisficing
Have Faith: Believe in yourself
Study Hard
If you don't read good books,  there's no advantage  over the illiterate
The Road Least Taken
Take the alternate path
Do a startup
Don’t be afraid of failure
Change the world
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Entrepreneurship - The Road Least Taken

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This is a talk I gave at GIKI (www.giki.edu.pk) an engineering university in Pakistan

Published in: Business, Technology, Education

Entrepreneurship - The Road Least Taken

  1. Entrepreneurship : The road least taken
  2. I’m Muhammed Nasrullah aka Nash Batch 10, FCSE I manage Gikipedia.net
  3.  
  4. I am CEO of ByteSense
  5. Who I was: President ACM, Webmaster 2003-2005, FCSE Automation, Author of GIKI Yearbook
  6. About Me: Who I am not
  7. I am not a role model
  8. I am not a success story
  9. I am not a success story …yet
  10. The Default Path <ul><li>Nursery </li></ul><ul><li>School </li></ul><ul><li>College </li></ul><ul><li>University </li></ul><ul><li>Job at Multinational </li></ul><ul><li>Marriage </li></ul><ul><li>Higher Education/Academics </li></ul>
  11. What other alternatives are there?
  12. Entrepreneurship
  13. Entrepreneur: Creates a new business, process and technology for business
  14. That Means: They change the world
  15. Entrepreneur: High risk, high innovation
  16. High Risk :
  17. Instability
  18. Risk of Failure
  19. No monthly paycheck
  20. The Rewards:
  21. Change the world
  22. Create jobs
  23. Solve problems
  24. Get rich doing it
  25. Why aren't there enough Entrepreneurs?
  26. Failure.
  27. Fear of Failure.
  28. Innovation is tricky
  29. The fairy tale: All successful companies you hear about never failed
  30. The Road to Success is paved with Failure
  31. “ I have not failed. I've just found 10,000 ways that won't work.” Thomas Edison
  32. Took 50,000 tests to develop the nickel-iron alkaline battery that became an industry standard and is still used today-more than 90 years later
  33. It took more than 2,000 tests to find the right filament for the light bulb.
  34. Traf-O-Data
  35. Bill Gates first company (it failed)
  36. “ Before Paul and I started the company, we had been involved in some large-scale software projects that were real disasters. They just kept pouring people in, and nobody knew how they were going to stabilize the project. We swore to ourselves that we would do better” Bill Gates
  37. Paypal was Max Levchin's 3rd company
  38. The Facebook was not Mark Zuckerberg's first website
  39. “ Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven't found it yet, keep looking.” Steve Jobs
  40. In order to succeed, learn to deal with failure
  41. Be prepared to be disappointed by the market response
  42. Plan for a backup
  43. Support system: family, spouse, friends
  44. Plan B (a job)
  45. Analyze what caused the failure
  46. It's only a failure if we fail to get the learning
  47. My advice
  48. Start your startup in your 3rd or 4th year
  49. Google started in Stanford's dorm room
  50. Facebook did so in Harvard's
  51. You can find great people to help you with it
  52. Reduced pressure: can be done along with your studies
  53. No financial obligation , you're just a student
  54. Make your startup idea, your FYP
  55. You will still benefit with the grade
  56. You will have worked on a Real project (used in the wild)
  57. Even if it fails, you will be successful (wiser, course grade)
  58. Work Hard
  59. Very hard
  60. Work Smart
  61. Stop satisficing
  62. Have Faith: Believe in yourself
  63. Study Hard
  64. If you don't read good books, there's no advantage over the illiterate
  65. The Road Least Taken
  66. Take the alternate path
  67. Do a startup
  68. Don’t be afraid of failure
  69. Change the world

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