What It Takes To Be An Entrepreneur

1,171 views

Published on

Prezentarea lui Scott Barkley la seminarul Fitzuica: Antreprenoriat si etica

Published in: Business, Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,171
On SlideShare
0
From Embeds
0
Number of Embeds
118
Actions
Shares
0
Downloads
63
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

What It Takes To Be An Entrepreneur

  1. 1. What it takes to be an Entrepreneur
  2. 2. Definition <ul><li>entrepreneur </li></ul><ul><ul><li>A risk-taker who has the skills and initiative to establish a business. </li></ul></ul>
  3. 3. Let’s look at a few entrepreneurs
  4. 4. Dinu Patriciu Bill Gates Michael Dell Fred Smith
  5. 5. 5 skills you MUST HAVE to be a successful Entrepreneur <ul><li>Sales and marketing skills . </li></ul><ul><li>Financial know-how. </li></ul><ul><li>Self-motivation skills. </li></ul><ul><li>Time management skills. </li></ul><ul><li>Administration skills. </li></ul>
  6. 6. It is important that you have a majority if not ALL these skills…WHY? In the beginning it will probably ONLY BE YOU who starts your project
  7. 7. Sales and marketing skills . <ul><li>Once you have an idea and a vision </li></ul><ul><li>You have to promote it – only you know WHY this is a great ______ </li></ul><ul><li>In order to be successful - other people must join with you either as customers or help you achieve your goal </li></ul><ul><li>What is the best way to promote your idea? Internet, TV, word of mouth*, flyers, NETWORKING*. Other business’s </li></ul><ul><li>If you don’t have these skills you will have to hire it </li></ul>
  8. 8. Financial know-how. <ul><li>You are in business to make money - Therefore, the most important skill you must have is the ability to handle money well. </li></ul><ul><li>The important thing is to always focus on the bottom line. </li></ul><ul><li>Always ask yourself: “How much will this contribute to my bottom line?” </li></ul><ul><li>If you don’t have these skills you will have to hire it </li></ul>
  9. 9. Self-motivation skills <ul><li>To succeed in business, you must be a self-starter with a clear desired goal in mind </li></ul><ul><li>Only you are the Boss </li></ul><ul><li>It takes extra drive and commitment to make sure that you are taking the necessary steps to make your dream of a successful business a reality. </li></ul><ul><li>If you don’t have this skill you CANNOT hire it – YOU WILL FAIL! </li></ul>
  10. 10. Time management skills. <ul><li>You only have so many hours in a day to devote to making your dream a reality – DON’T WASTE THEM </li></ul><ul><li>You can never do all that has to be done – Especially in the beginning when it is only you </li></ul><ul><li>You must PRIORITIZE </li></ul><ul><li>If you don’t have this skill you CANNOT hire it – YOU WILL FAIL! </li></ul>
  11. 11. Administration skills. <ul><li>You need to do all the work in terms of billing, printing invoices, collecting payments, and managing your receivables. </li></ul><ul><li>You need to be RELENTLESS at follow up …. Many times that alone makes the difference </li></ul><ul><li>You must PRIORITIZE </li></ul><ul><li>If you don’t have this skill you CAN hire it </li></ul>
  12. 12. The more skills you have to hire The harder it will be to be profitable fast The slower the journey to success
  13. 13. ONE MORE THING! You have to have a skill, service or product that someone wants enough to pay you their hard earned money
  14. 14. What made these guys successful?
  15. 15. Dinu Patriciu Bill Gates Michael Dell Fred Smith
  16. 16. Most of them did NOT do something new…. <ul><li>They found a better way to do it …which saved the consumer something </li></ul><ul><li>TIME & less skill– Windows OS </li></ul><ul><li>TIME - Federal Express </li></ul><ul><li>Money – Michael Dell </li></ul><ul><li>Networking – Patriciu is chairman and CEO with Rompetrol petroleum group, and his fortune is estimated at $ 2.5 Bn. </li></ul>
  17. 17. Find someone’s PAIN <ul><li>A product is about reducing someone’s pain…and is priced accordingly </li></ul><ul><li>A service is finding something that other people can’t do well…but you do </li></ul><ul><li>Find enough of these people and you have a business </li></ul><ul><li>Big opp – Government changes a law </li></ul>
  18. 18. Let’s do a little brainstorming Let’s identify a pain and could we solve it with a business You tell me
  19. 19. Being an Entrepreneur in the Workplace <ul><li>So…you are going to work for someone and NOT be an entrepreneur? </li></ul><ul><li>What kind of an employee would your boss rather have? </li></ul><ul><ul><li>One who is innovative, pushes the company to new levels, creates excitement and new ideas </li></ul></ul><ul><ul><li>Or one who just does only what is expected of him and no more? </li></ul></ul>
  20. 21. The Critical piece <ul><li>You can have all of these things: an idea, an opportunity a vision, a plan, 5 skills </li></ul><ul><li>But if you don’t have this last piece you will ultimately FAIL </li></ul><ul><li>The last piece is….. </li></ul>
  21. 22. Integrity Customers have to trust you and eventually your company Employees have to trust you and eventually your company Suppliers have to trust you and eventually your company
  22. 23. Conclusion <ul><li>Find someone's pain and then solve it with your idea </li></ul><ul><li>Have a vision </li></ul><ul><li>Develop your plan </li></ul><ul><li>Make sure you have the 5 skills needed </li></ul><ul><li>There IS NO LUCK to being successful </li></ul>
  23. 24. Conclusion <ul><li>Luck is… </li></ul><ul><li>Where opportunity meets hard work </li></ul><ul><li>Integrity allows your idea/company to grow and keeps the company going </li></ul>
  24. 25. Romanian Resources <ul><li>http://www.internationalentrepreneurship.com/european+entrepreneurship/romania_entrepreneur.asp?countryid=77&contid=4 </li></ul>

×