The document discusses 5 common mistakes made by student entrepreneurs and how to avoid them. The mistakes are: 1) Chasing awards rather than focusing on customers, 2) Taking on too many projects at once instead of focusing on one, 3) Tolerating the wrong people on their team, 4) Being too busy with unproductive activities instead of executing their business, and 5) Not properly managing personal risks. The document provides advice on how to avoid each mistake, such as focusing on customer needs rather than awards, limiting projects, hiring based on character, prioritizing execution, and separating personal risks from business risks.

1. 5 Mistakes Student
Entrepreneur Makes
and how to avoid them
sharing session StudentsxCEOs @ Unpar – 10-03-2016
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2. about me
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3. Chasing Awards,
Not Customers#1
“Sales cures all”
- Mark Cuban
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mistakes

4. How to Avoid ?
DO
ü Talk more with target
customers, not with judges
ü Adjust you business model
to build happy customers,
not happy judges
ü Choose competition /
award that align with your
business needs
DON’T
X Focus on getting trophy /
CV.
X Participate into every
things that makes your CV
great.
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5. Can’t Focus On One#2
“Kekurangannya anak muda itu, jarang menyelesaikan sesuatu”
- Sandiaga Uno
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mistakes

6. How to Avoid ?
DO
ü One business at a time or
delegate.
ü Learn to say ‘No!’.
ü Remember the ‘5 Priorities
Rules.’
DON’T
X Say ‘yes’ to every exciting
opportunities.
X Thing you can do it all by
yourself.
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7. Tolerate
the Wrong People#3
“The people on the bus is more important than where the bus is heading ”
- James C. Collins
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mistakes

8. How to Avoid ?
DO
ü Understand the B&W
Rules of People
Management
ü Be objective, even with
your closest friend in
business
ü Hire based on commitment
and character over skills
DON’T
X Tolerate commitment /
character issues
X Deny team inconvenience
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9. Too Busy
Doing Nothing#4
” Focus on signal over noise.
A lot of companies get confused.
They spend a lot of money on things that
don’t actually make the product / service better.”
- Elon Musk
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mistakes

10. How to Avoid ?
DO
ü Execute. Execute. Execute.
ü Choose networking events
that align with your
business interests.
ü Mind your own business.
DON’T
X Be Wannabepreneurs.
X Come into every seminar /
networking events.
X Freaked out by news about
other businesses /
industries.
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11. Not Managing
Personal Risk#5
“Great entrepreneurs are not blindly take risks. They manage risks”
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mistakes

12. How to Avoid ?
DO
ü Assess your risk profile. It’s
a personal thing.
ü Separate personal decision
with team decision,
especially in financial
issues.
ü Plan for the worst case.
DON’T
X Think that personal risk
and team risk is a same
thing.
X Ignore field facts. Be
objective with reality.
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13. Student Mistakes Summary
Chasing awards, not customers
Can’t focus on one
Tolerate the wrong people
Too busy doing nothing
Not managing personal risk
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14. THANKS J
slideshare.net/alanyudhahutama1
alan@lussa.net
linkedin.com/alanyudh
www.lussa.net
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