What Do Every Great Entrepreneur And Company Have In Common?

1. Every Great
Entrepreneur
Yann Hoyau-Young Entrepreneur
Meetup-San Diego-July 16th 2015

2. You came here because...
You want to build a successful business
You want to achieve greater job security

3. Plan
First we will see why businesses fail
Then why Businesses succeed

4. 95% of businesses FAIL<5 years
remaining 90% fail next 5 years

5. Why?
Why do businesses
fail?

6. What can it be?
Lack of money?
Bad Team?
Bad Market?
Bad Hiree?
Bad Product?
Bad Market?
Add your reason here

7. Only 1 reason
Not enough paying Customers!!!

8. Successful Company=
Revenue>Expenses

9. Every Successful Entrepreneur
Do the same thing

10. The Hedgehog Principle
The Fox and the Hedgehog
Source:Good to Great, Jim Collins

11. The 3 Circles
What is your Passion?
What are you the Best at?
What is your Economic Engine?

13. Niche
Finding your niche is EXTREMELY important.
It's better to have 30 users in a 100 users market, than
1,000 users in a 1 M users market.
Why? Because the first one scales up, the second
doesn't.

14. LAUNCH FAST!!!!!
Find your Hedgehog
Find Your Niche
The Smaller, The better

15. Don’t be afraid
Duplicate the process
until you have traction

16. What is traction?
It depends on your industry
But paying customers are a good sign...

17. Note About Traction
It is better to have a crappy solution
to a HUGE
problem
Than have a perfect solution
to a tiny problem

18. Companies
I have noticed a pattern in great compagnies
Who has ever built a website?
In the 90s-and 2000s

19. Every Great Entrepreneur
Reduce the Steps
And your product being :
better
faster
stronger
cheaper
Will be an end result

20. Examples
Henry Ford and Cars
Paypal and Ebay Payment
Wix and Websites
Microwave-Owen
Example are countless:
Self-driving Car, McDonald’s...

21. Job Security
Computer will be smarter, and smarter
American workforce will be more expensive
We don’t really know what’s gonna happen

22. The Ultimate Job Security
This job will never, ever
be replaced

23. Human Interaction
SALES

24. I hope you like this presentation
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