Derrick FungBuilding a Business              • UTSC Management Co-op 2009                Graduate              • Former ba...
What is Entrepreneurship?        Jumping off a cliff (9-5 job) andbuilding a plane (a business) on the way down           ...
WTF? A plane?A magical device that is somehow able to fly in the air
Pilots (founders) provide guidanceWithout them, the plane (business) would not know where to                            go
You need wings (a good idea) to fly  Without them, the plane (business) will crash (   )
The engines (your team) ensure forward momentum   Without them, the plane (business) will not move forward
You need fuel (cash) to keep your plane moving                  “It gets the people going!”
The fuselage (culture) holds everything together                It connects all the moving parts
A picture is worth a thousand words…
Thank you!             derrick@tunezy.com             @dfung87             about.me/derrickfung
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Entrepreneurship - Making the Leap of Faith

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Entrepreneurship - Making the Leap of Faith

  1. 1. Derrick FungBuilding a Business • UTSC Management Co-op 2009 Graduate • Former banker at CIBC World Markets; also worked at Microsoft, Merrill Lynch, BNP Paribas and the Clinton Foundation • Musician: guitar, piano, vocals • Love to build things • Happiness -> Success
  2. 2. What is Entrepreneurship? Jumping off a cliff (9-5 job) andbuilding a plane (a business) on the way down +
  3. 3. WTF? A plane?A magical device that is somehow able to fly in the air
  4. 4. Pilots (founders) provide guidanceWithout them, the plane (business) would not know where to go
  5. 5. You need wings (a good idea) to fly Without them, the plane (business) will crash ( )
  6. 6. The engines (your team) ensure forward momentum Without them, the plane (business) will not move forward
  7. 7. You need fuel (cash) to keep your plane moving “It gets the people going!”
  8. 8. The fuselage (culture) holds everything together It connects all the moving parts
  9. 9. A picture is worth a thousand words…
  10. 10. Thank you! derrick@tunezy.com @dfung87 about.me/derrickfung

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