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Guide
forIsland
Entrepreneurs
Whatdoesbeingan
entrepreneur
meanwhenyouareayoung
personlikeme?
1
Itdoesn’tmeanjustbeing
responsibleofthesuccessorthe
failureofacompany.
It’snotallaboutgeneratinga
profit,doingbusinessorbecoming
aboss.No.
Ifyouhaveadream,
takecareofit.
2
Bealwayscurious.
travel,learn
anddon’tbeafraidofasking.
Believeinwhatyouareandwhat
youlove.
ThisThiswayyoucanturnyourdream
intoagreatideawhichcanchange
notonlyyourfuturebutalsothe
futureofthepeopleallaroundyou.
3
Yeah,weknow,youliveonanislandand
youfeelalone.Farawayfrom everything
else.Andit’strue,there’saseaaround
youthatseparatesyoufrom alltheland
overseas.
4
Transform
5
Keepbelievinginit
becauseitispossible!
6
Iknowit'shard.
Iknowthattherearealotof
challengesbutthepowertosucceed
iswithinus.
7
Needs
BetterEducation
Opportunities
MoreJob
Opportunities
BetterConnection
withLands
Overseas
Learn
Foreign
Languages
BetterMobility
ontheIsland
Better
Promotion
More
Cultural
Attractions
BeingMore
Open-Minded Business
Development
More
Services
More
Investments
Schoolsand
Universities
8
Youhaveto
focusontheadvantages
thatwehaveandmakegreatuse
ofthem.
9
StrenghtsLocal
Production
Indipendent
Economy
Beautiful
Beaches
NiceWarm
Weather
Handmade
Products
Traditions
Historical
Heritage
Strong
Identity
Less
Competition
Wild
Nature
Exotic
Place
Senseof
Community
10
Yesbut
...
How?
11
Takeactions!
Theeasiestwaytogetstartedistoquit
talkingandstartdoing.
Provethesustainabilityofyouridea
beforeinvestingonit,
doadetailedreseardoadetailedresearch,buildabusiness
planandtrytofindyourpartnersand
firstthreepotentialclients.
12
Youcanusethisdiagram inorderto
identifyyouraim andthecertainsteps
thatyouwanttotaketoachieveit.
Goal
Plan
Action
Result
Realityscan
Values
Direction
Anaim or
desired
result
Chronological
setofphisically
doable
actions
Beginwithfirst
doablestepsafter
whichthereis
nowayback
Whatdoihave?
Whatismissing?Yourbeliefs
areimportant
Thegoalwhichis
not“smart”yet
13
Forinstance:
Youwouldliketoopenacarsconcessionso
youneedtothinkaboutwhatyourneeds
willbe.
•Howmanycarsdoyouwanttostartwith?
•Howbigbudgetdoyouneedinordertobuildthis
concession?
Soatthebeginningthefirststepisto
checkthebudgetyoucanfindandanalyze
wherethecompetitorsaresituatedand
whotheyare.
•Whichisyourtargetgroup?
•Do•Doyouwanttoselllowcostcars?
•Wherewillyougetthosecarsfrom?
•Doyouwanttosellittofamilies?
•Doyouwanttosellonlyonesinglebrand?
Youhavetofindtherightsupplier.
14
Whenallofthisisclear,youhaveyour
budgetready,youknowhowmanycars
youwanttostartwith,youknowwho
youwanttosellthosecarstoandyou
haveyoursupplier.
Whatdoyouneedmore?
YYouneedtofindtherightlocationwhere
youcansellthecars,consideringthe
spaceyouwillneedtoparkallyourcars
andalsowherethecompetitorsare
located.
15
Donotgiveup
„Experienceisnotwhathappenstoaman;
itiswhatamandoeswithwhathappensto
him“
ALDOUSHUXLEY
16
Ifyoufailwithanidea,startwithanother
onetryingnottodothesamemistakes
again.
Ofcourseitwillnotbeeasytobea
successfulentrepreneur.
YYouwillhavetofacemanytroubles,
unexpectedsituationsandprobablyfall
down,maybemanytimes.
Butfrom alltypesofexperience,even
moreinfailures,youcanpickupuseful
learningpoints.
17
Believeinyourself
Believethatyoucansucceedandyouwill
findyourwaysthroughdifferentobstacles.
18
Let'ssayyouopenedanamusementparkwithacollaborator.
Itwasquitesuccessful,butafterfewyearsyourcollaborator
started,onhisside,hisownparkinthesamecity.
Youfeltbetrayed,firstbecausehisbusinessbecameastrong
competitortoyoursandonasecondhandbecauseyouusedto
worktogether.
YYouhadyourskills,hehadhisownsoyouusedtoseparatethe
tasks.Afterheopenedhisown,youendedupalone,andyouhad
tomanagetheparkonyourown,whichyoucouldnotafford.
Firstyouwillbemadathim.Butthenyoucanrealizethatitwas
yourmistakeaswell.
YYoushouldhaveclarifiedyourpartnershipindetailsintothe
contract.Forexample:youshouldhavesetapointaboutthe
prohibitiontoopenthesamekindofbusinessduringthenext
twentyyearsorwithin200km.Alsoyoushouldhavekeep
thinkingaboutwaystoimproveyourbusinessandjustnottelling
yourself:"Okaymybusinessisworking,it’sstable,Ijusthaveto
continuethesamewayanditwilllastforever".
YYoualwayshavetothink:"HowcanIdevelopmybusinessinorder
tobemoreinnovativeandattractiveforthecostumers?“
...I'vegotanotherinstanceforyou
19
Gainsomeknowledgeandbe
opentoadvice.
20
Youcanusevarietyoflearningplatforms
(likeCoursera,Udemy,Lynda,Pluralsight,
Udacity,TED,edX…)fortechnical
knowledge;
ontheotherhand,acommunicationwithontheotherhand,acommunicationwith
peoplewhohavehigherexpertisecouldbe
veryhelpful:listeningtotherightadvice
couldbevaluableforyourbusiness
especiallywhenitcomestopeoplewith
moreexperience.
Don‘tforgettobecritical
abouttheadvicethatabouttheadvicethatyoureceivefrom
others:haveadoseofdoubtand
useyourbrain!
21
Takerisks
Thisalwaysseemsdangerous,butthisis
thewaytogoforwardanddevelopanidea.
Inthiswayyouwillovercomeyourfearof
failure.
Keepanideajournal
ThissmallbookwillhelpThissmallbookwillhelpyoutowriteall
yourideasnomatterwhereyouare.
Youcanalwayscarryitwithyoueven
whenyouareinbed.
22
Getapart-timejob
AsanentrepreneuAsanentrepreneur,youdonothave
regularincome.Findaparttimejobin
ordertohavemoneytoliveinuntilyour
businessdevelops.Thisisalsothewayto
getnewskillsandnewbusiness
connections.
Askforhelp
EntrepreneuEntrepreneurshipisnotsimple,alotof
peoplebeforeyouhavepassedthrough
thispath,soisbettertoasksomeonewith
experiencetohelpyou.
23
Travel
AsaAsayoungpersonyoucanstartwith
Erasmus+,whichisanEuropeanprogram
thatgivespeopleopportunitiestotravel,
meetmotivatedyoungpeople,find
commoninterestswiththem andbuild
internationalnetworks.
YYoucanalwayscheckthisplatform ifyou
areinterested-saltoyouth.com
24
Reachyourgoal
Findthebalancebetweenworkand
personallife.Asanentrepreneuryouare
theonewhodefineshowtodevelopideas
andsuccessfulbusiness,thedirection
andthespeedofgrowing.
25
Focusononespecifictarget
Don’tthinkthatyoucanbeperfectin
everythingandselltoeveryone
BeUniqueandFlexible
Sellwhatpeoplearealreadybuyingbutin
yourownway.
BeopentoadapttheinitialideaBeopentoadapttheinitialidea
accordingtothesituationandbepatient.
26
27
28
29
30
31
GoodLuck
BonneChance
BuonaFortuna
късмет
32
Guide for Young Island Entrepreneurs

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