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THE SIX ESSENTIAL SKILLS OF EXTRAORDINARY
ENTREPRENEURS
ISLAM ELZAYAT
OUTLINE
 What is Entrepreneurship
 Entrepreneurship Vs. Social Entrepreneurship
 The Six Essential Skills of extraordinary entrepreneurs
 Create Your Own Finger Print
 Let's Start Right Now
ENTREPRENEURSHIP
The capacity and willingness to develop, organize and manage a
business venture along with any of its risks in order to make a profit.
. ‫السعي‬‫وراء‬‫ال‬‫فرصة‬‫على‬ ‫السيطرة‬ ‫إلى‬ ‫النظر‬ ‫دون‬‫الموارد‬
THE ENTREPRENEUR
‫األعمال‬ ‫رائد‬‫هو‬‫بالمخاطرة‬ ‫يتصف‬ ‫و‬ ‫باإلبداع‬ ‫يتسم‬ ً‫ا‬‫حر‬ ً‫ال‬‫عم‬ ‫ينشأ‬ ‫الذي‬ ‫الشخص‬.
 Someone who creates a new opportunity in the world of business and
assembles the resources necessary to successfully exploit that
opportunity.
ENTREPRENEURSHIP SPIRIT
 Innovation
 Risk taking
 Speed of wealth creation
 Value added
 Visionary
SMALL BUSINESS OBJECTIVES
 Stay small
 Stay in traditional line of business/industry
 “Copy Cat” strategy
 Provide a job/lifestyle for themselves
 Little industry impact
SOCIAL ENTREPRENEURSHIP
 An innovative business / NGO whose core mission is to maximize social
and/or environmental impact
 Address social problems or needs that are unmet by private markets or
governments
ENTREPRENEURSHIP VS. SOCIAL ENTREPRENEURSHIP
Conventional Entrepreneur Social Entrepreneur
Individualist Vision Community Vision
Goods and Services for Market Goods and Services for
Community
Focus on the Market Focus on the Solution of Social
Issues
Traditional Performance
measures (Profit Growth )
Performance Measures are
Social Changes
1- FIND THE GAP
 You must keep your eyes open for fresh potential, a vacuum to fill, or
an unmet need.
 Find innovative ways to fill this gaps
2- DRIVE FOR DAYLIGHT
 Just as race-car drivers keep their eyes fixed on the road ahead
 You must focus on the future, know where are you go.
 Don’t concern about the constraints of your “lane” or the position of
your competitors.
3- FLY THE OODA LOOP
4- FAIL WISELY
 A series of small failures is essential to avoiding catastrophic mistakes
 You must test ideas in low-risk environments as an inexpensive way of
gathering insights to determine whether a product or idea will take off.
5- NETWORK MINDS
 Entrepreneurial success, involves solving multifaceted problems with
the help of a diverse group of thinkers.
 They build on each other’s ideas to overcome the problems that arise
in growing their businesses.
6- GIFT SMALL GOODS
 Entrepreneurs who build positive relationships by looking for ways to
provide help gain a competitive advantage.
 Offering kindness may not seem like a skill, but it is an essential way that
entrepreneur strengthen his/her relationships.
YOU MUST KNOW
 No special expertise is required to master the six skills.
 You don't need credentials or degrees.
 The ability to turn ideas into sustainable enterprises is available to
anyone willing to learn and work.
YOU MUST ALSO KNOW
Everyone has strengths in certain skills and weaknesses
in others, the more we exercise and increase our
proficiency in each, the more we will be able to make
the most of every opportunity.
REFERENCES
 http://amywilkinson.com/
 http://preneur-masr.com/
 http://www.businessdictionary.com/
 http://www.businessinsider.com/
 http://www.positivelypresent.com/
ISLAM ELZAYAT, MBA,PMP,MCT
@ISLAMELZAYAT
ISLAM@ELZAYAT.ME

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Six Essential Skills of Extraordinary Entrepreneurs

  • 1. THE SIX ESSENTIAL SKILLS OF EXTRAORDINARY ENTREPRENEURS ISLAM ELZAYAT
  • 2. OUTLINE  What is Entrepreneurship  Entrepreneurship Vs. Social Entrepreneurship  The Six Essential Skills of extraordinary entrepreneurs  Create Your Own Finger Print  Let's Start Right Now
  • 3. ENTREPRENEURSHIP The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. . ‫السعي‬‫وراء‬‫ال‬‫فرصة‬‫على‬ ‫السيطرة‬ ‫إلى‬ ‫النظر‬ ‫دون‬‫الموارد‬
  • 4. THE ENTREPRENEUR ‫األعمال‬ ‫رائد‬‫هو‬‫بالمخاطرة‬ ‫يتصف‬ ‫و‬ ‫باإلبداع‬ ‫يتسم‬ ً‫ا‬‫حر‬ ً‫ال‬‫عم‬ ‫ينشأ‬ ‫الذي‬ ‫الشخص‬.  Someone who creates a new opportunity in the world of business and assembles the resources necessary to successfully exploit that opportunity.
  • 5. ENTREPRENEURSHIP SPIRIT  Innovation  Risk taking  Speed of wealth creation  Value added  Visionary
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  • 7. SMALL BUSINESS OBJECTIVES  Stay small  Stay in traditional line of business/industry  “Copy Cat” strategy  Provide a job/lifestyle for themselves  Little industry impact
  • 8. SOCIAL ENTREPRENEURSHIP  An innovative business / NGO whose core mission is to maximize social and/or environmental impact  Address social problems or needs that are unmet by private markets or governments
  • 9. ENTREPRENEURSHIP VS. SOCIAL ENTREPRENEURSHIP Conventional Entrepreneur Social Entrepreneur Individualist Vision Community Vision Goods and Services for Market Goods and Services for Community Focus on the Market Focus on the Solution of Social Issues Traditional Performance measures (Profit Growth ) Performance Measures are Social Changes
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  • 11. 1- FIND THE GAP  You must keep your eyes open for fresh potential, a vacuum to fill, or an unmet need.  Find innovative ways to fill this gaps
  • 12. 2- DRIVE FOR DAYLIGHT  Just as race-car drivers keep their eyes fixed on the road ahead  You must focus on the future, know where are you go.  Don’t concern about the constraints of your “lane” or the position of your competitors.
  • 13. 3- FLY THE OODA LOOP
  • 14. 4- FAIL WISELY  A series of small failures is essential to avoiding catastrophic mistakes  You must test ideas in low-risk environments as an inexpensive way of gathering insights to determine whether a product or idea will take off.
  • 15. 5- NETWORK MINDS  Entrepreneurial success, involves solving multifaceted problems with the help of a diverse group of thinkers.  They build on each other’s ideas to overcome the problems that arise in growing their businesses.
  • 16. 6- GIFT SMALL GOODS  Entrepreneurs who build positive relationships by looking for ways to provide help gain a competitive advantage.  Offering kindness may not seem like a skill, but it is an essential way that entrepreneur strengthen his/her relationships.
  • 17. YOU MUST KNOW  No special expertise is required to master the six skills.  You don't need credentials or degrees.  The ability to turn ideas into sustainable enterprises is available to anyone willing to learn and work.
  • 18. YOU MUST ALSO KNOW Everyone has strengths in certain skills and weaknesses in others, the more we exercise and increase our proficiency in each, the more we will be able to make the most of every opportunity.
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  • 27. REFERENCES  http://amywilkinson.com/  http://preneur-masr.com/  http://www.businessdictionary.com/  http://www.businessinsider.com/  http://www.positivelypresent.com/