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
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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
- 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
- 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
- 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
Editor's Notes
- I’m here to talk about entrepreneurship and I’m going to talk about why it can be a viable alternative for you to consider when you graduate. I understand there is a lot of alumni here but my main focus was GIKI students. So if this seems irrelevant to you, apologies in advance. But maybe there are a few things here which you could learn from. So, without further ado, here we go