Entrepreneurship 101- Talk given to young MBA students from IIM on Entrepreneurship.

1. Entrepreneurship 101
Rajesh Menon
16th January 2014

2. Who am I ?
• 1 Business Failure 
• I was 21
• 2 Near Bankruptcies 
• 6 failed start ups
• Where I lost a lot of money 
• 1 successful venture
• 1 about to be launched venture 
People like me make up 90%
of the entrepreneurs around
the world

3. This is how most people think Entrepreneurs feel

4. This is how
Entrepreneurs
feel most of the time

5. This is how most people think Entrepreneurs are

6. This is how in reality
most of us are!

7. Perceptio
n
Most people tend to think that being an entrepreneur is fun and relaxing.
Reality
It is not

8. The wrong reasons why people
want to be entrepreneurs

9. The Big Boss Reason
I want to be my own
boss!
My boss is a jerk!
I am better than my boss
!

10. The I know better reason
I can do this job better!
I can make more money
for myself doing this job
better
I don’t need my boss to tell
me how to do this stupid job
better. I know better

11. The Be Rich Reason
I want to be rich!
I want to be a millionaire!
I want to be Bill Gates!

12. Are you entrepreneur
material?
Do you have it in you to be one?

13. Courage to take risks?

14. Passion ?

15. 
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The wheel
The humble light bulb
Steam engine
Locomotive
Airplane
The telephone
TV
Walkman
Mobile phones
Vision?

16. Focus?

17. Leadership?

18. Confidence ?

19. Don’t be over
confident!!

20. Being an entrepreneur requires one to
have certain abilities

21. Ability to handle
failures

22. Ability to take tough
decisions

23. If you can’t stand the heat
Stay out of the kitchen
Ability to handle extreme pressure &
stress

24. Ability to oscillate between highs and
lows

25. Ability to still smile when there is no cash in
the bank

26. The right reasons to turn entrepreneur

27. I want to create something I can be proud
off.

28. I want to follow my
passion.

29. I want to follow my
dream.

30. I want to create value.

31. In conclusion

32. Being an entrepreneur
is……

33. …..being deeply personally
satisfied

34. …..following the opportunity to
reap long term profits

35. …..the opportunity to take your
own decisions

36. …..almost reaching the top end
of Maslow’s need hierarchy

37. Thank you for your
time