This document discusses entrepreneurship and provides advice for those considering becoming entrepreneurs. It notes that entrepreneurship allows one to live differently than most and build wealth. Different types of entrepreneurship are outlined, and it is described as important for economic growth, job creation, and innovation. Common misconceptions about entrepreneurship are debunked. The document encourages the reader to assess if they have leadership skills and perseverance that would help them succeed as an entrepreneur despite risks and potential failures.

1. Entrepreneurship
The end of your job search
Mohammed Al-Ayouti
@ayouti
17 December 2012

2. Entrepreneurship is living a few
years like most people won't so
that you can spend the rest of
your life like most can't…
– Anonymous
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3. There are many different types of entrepreneurship
• Small business entrepreneurship
• Scalable startup entrepreneurship
• Social entrepreneurship
• Intrapreneurship
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4. Why it’s important
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5. • It has assumed super importance for
accelerating economic growth both in
developed and developing countries
• It promotes capital formation and
creates wealth in a country.
• It is the hope and dream of millions
• It reduces unemployment and poverty
and it is a pathway to prosper.
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6. It’s a major driver of economic
growth in the US and Europe
~600,000
new businesses created in the US last year
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7. It creates jobs
~750,000
people enter the workforce in Egypt each year
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8. It accelerates innovation
13x
more patents per employee are created by small
businesses than large patenting firms
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9. Misconceptions
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10. Common misconceptions about entrepreneurship
 Entrepreneurs are born, not made
 Entrepreneurship is easy, and anyone can do it
 Entrepreneurs are risk takers
 Entrepreneurs are motivated only by achieving wealth
 Funding is the key to success
 A detailed business plan is necessary
 You make your own hours
 You will be an overnight success
 Entrepreneurship is limited to Internet companies
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11. Take the plunge
Before you take the plunge,
ask yourself:
Are you…
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12. A leader?
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13. Energetic?
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14. Motivated?
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15. Patient?
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16. Perseverant?
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17. Self-confident?
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18. Competitive?
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19. Able to identify
opportunities?
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20. Able to take risks?
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21. Able to plan &
organize?
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22. Able to adapt to
changes?
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23. Answered yes to all of
the above?
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26. You are not one of them
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27. Our culture is hardwired against entrepreneurship
• The education system taught you
how to be a great employee
• Your family wants you to find a job
• Starting up is tough
• Failure isn’t culturally (or legally)
accepted
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28. 30-40% of startups liquidate
70-80% fail to see the projected ROI
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29. Fail fast, fail often
As an entrepreneur, you will learn that failure is just one step on
the way to success
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30. “Twenty years from now you will be more disappointed by
the things that you didn’t do than by the ones you did do.
So throw off the bowlines. Sail away from the safe harbor.
Catch the trade winds in your sails.
Explore. Dream. Discover.”
– Mark Twain
Thank you
Questions?
ayouti.com
@ayouti
DISCLAIMER: This material is published by, and solely reflects the personal views of, the author in his individual capacity, and it
does not necessarily represent the views, positions, strategies or opinions of his employer. The author will not be held responsible
for any misfacts.
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