SCALEUP STRATEGIES
FOR	
  THE	
  ZEN ENTREPRENEUR
DIDEM	
  ALTOP
ENDEAVOR	
  TURKEY
COFOUNDER	
  &	
  MANAGING	
  DIRECTOR
MARCH	
  15,	
  2017
SO	
  MUCH	
  ADVICE	
  TO	
  SHARE	
  THAT	
  IS	
  MOSTLY	
  
COMMON	
  SENSE.	
  EASY	
  TO	
  SAY,	
  HARD	
  TO	
  DO…
• Focus	
  on	
  a	
  clearly	
  defined	
  target	
  market	
  with	
  legitimate	
  growth	
  potential	
  &	
  
how	
  you	
  will	
  most	
  effectively	
  reach	
  them
• Focus	
  on	
  a	
  truly	
  valid	
  value	
  proposition	
  with	
  a	
  sustainable	
  competitive	
  edge
• Focus	
  on	
  optimizing	
  products/services	
  &	
  how	
  you	
  will	
  most	
  effectively	
  
deliver	
  them
• Focus	
  on	
  real	
  customer	
  feedback	
  &	
  timely	
  data	
  analysis
• Focus	
  on	
  cashflow (be	
  stingy)	
  &	
  time	
  (be	
  generous)	
  management
• Focus	
  on	
  building	
  the	
  right	
  team,	
  culture	
  &	
  networks
CAN	
  ANYONE	
  LAUNCH	
  A	
  
STARTUP?	
  WHAT	
  ABOUT	
  
SCALEUP A	
  VENTURE?
Inspiration
Relevance
Compelling	
  
Action
It	
  depends.	
  Inspiration	
  
alone	
  is	
  not	
  enough.	
  Both	
  
startup	
  &	
  scaleup
candidates	
  must	
  always	
  
work	
  on	
  intentionally	
  
developing	
  their	
  
Relevance.
WHAT	
  DOES	
  RELEVANCE	
  
MEAN?
Technical
Expertise
Business	
  
Skills
Market	
  Reach
&	
  Insight
Leader-­‐
ship	
  Skills
It	
  implies	
  swift	
  access	
  to	
  a	
  
set	
  of	
  skills	
  &	
  expertise,	
  
ideally	
  within	
  the	
  core	
  
team.	
  Mentors	
  &	
  other	
  
networks	
  can	
  help	
  build	
  &	
  
strengthen	
  this	
  capacity.	
  
Entrepreneurs	
  should	
  
dedicate	
  at	
  least	
  10%	
  of	
  
their	
  time	
  to	
  cultivating	
  
mentor	
  &	
  network	
  
relations.
Access	
  
to	
  
Capital
WHAT	
  ARE	
  THE	
  
BUILDING	
  BLOCKS	
  FOR	
  
STARTING	
  UP	
  &	
  
SCALING	
  UP?
Product/Service	
  Idea
Business	
  Idea
Value	
  Proposition
Business	
  Model
Business	
  Plan
The	
  Value	
  Proposition	
  is	
  
always	
  the	
  anchoring	
  
critical	
  success	
  factor	
  
regardless	
  of	
  small	
  
business	
  or	
  high	
  impact	
  
venture	
  profile.
WHAT’S	
  THE	
  BIG	
  
DIFFERENCE	
  BETWEEN	
  
VENTURE	
  &	
  BUSINESS	
  
MANAGEMENT?
Venture:	
  Exploration	
  in	
  
conditions	
  of	
  significant	
  
uncertainty.
Business:	
  Execution	
  in	
  a	
  
competitive	
  environment.
Situational	
  Leadership:
• Forming	
  (Inspirational)
• Storming	
  (Autocratic)
• Norming	
  (Mentoring)
• Performing	
  (Participative)
Sarah	
  Prevette
WHAT’S	
  THE	
  BIG	
  DEAL	
  
ABOUT	
  MENTORS? What	
  you	
  
know	
  you	
  
don’t	
  know
What	
  you	
  
know	
  but	
  still	
  
need	
  to	
  learn	
  
more
What	
  you	
  
don’t	
  know	
  
you	
  don’t	
  
know
What	
  you	
  
don't	
  want	
  to	
  
know	
  but	
  
need	
  to	
  face
With	
  limited	
  human	
  &	
  
financial	
  resources,	
  a	
  
startup	
  or	
  scaleup’s most	
  
valuable	
  resource	
  is	
  time	
  &	
  
most	
  important	
  attitude	
  is	
  
ability	
  to	
  cope	
  with	
  reality.	
  
Mentors	
  can	
  help	
  save	
  
time,	
  provide	
  critical	
  reality	
  
checks	
  &	
  so	
  much	
  more…
WISHING	
  YOU	
  A	
  REWARDING,	
  MINDFUL	
  
JOURNEY…
GOOD	
  LUCK	
  &	
  THANK	
  YOU.

GEC 2017: Didem Altop

  • 1.
    SCALEUP STRATEGIES FOR  THE  ZEN ENTREPRENEUR DIDEM  ALTOP ENDEAVOR  TURKEY COFOUNDER  &  MANAGING  DIRECTOR MARCH  15,  2017
  • 2.
    SO  MUCH  ADVICE  TO  SHARE  THAT  IS  MOSTLY   COMMON  SENSE.  EASY  TO  SAY,  HARD  TO  DO… • Focus  on  a  clearly  defined  target  market  with  legitimate  growth  potential  &   how  you  will  most  effectively  reach  them • Focus  on  a  truly  valid  value  proposition  with  a  sustainable  competitive  edge • Focus  on  optimizing  products/services  &  how  you  will  most  effectively   deliver  them • Focus  on  real  customer  feedback  &  timely  data  analysis • Focus  on  cashflow (be  stingy)  &  time  (be  generous)  management • Focus  on  building  the  right  team,  culture  &  networks
  • 3.
    CAN  ANYONE  LAUNCH  A   STARTUP?  WHAT  ABOUT   SCALEUP A  VENTURE? Inspiration Relevance Compelling   Action It  depends.  Inspiration   alone  is  not  enough.  Both   startup  &  scaleup candidates  must  always   work  on  intentionally   developing  their   Relevance.
  • 4.
    WHAT  DOES  RELEVANCE   MEAN? Technical Expertise Business   Skills Market  Reach &  Insight Leader-­‐ ship  Skills It  implies  swift  access  to  a   set  of  skills  &  expertise,   ideally  within  the  core   team.  Mentors  &  other   networks  can  help  build  &   strengthen  this  capacity.   Entrepreneurs  should   dedicate  at  least  10%  of   their  time  to  cultivating   mentor  &  network   relations. Access   to   Capital
  • 5.
    WHAT  ARE  THE   BUILDING  BLOCKS  FOR   STARTING  UP  &   SCALING  UP? Product/Service  Idea Business  Idea Value  Proposition Business  Model Business  Plan The  Value  Proposition  is   always  the  anchoring   critical  success  factor   regardless  of  small   business  or  high  impact   venture  profile.
  • 6.
    WHAT’S  THE  BIG   DIFFERENCE  BETWEEN   VENTURE  &  BUSINESS   MANAGEMENT? Venture:  Exploration  in   conditions  of  significant   uncertainty. Business:  Execution  in  a   competitive  environment. Situational  Leadership: • Forming  (Inspirational) • Storming  (Autocratic) • Norming  (Mentoring) • Performing  (Participative) Sarah  Prevette
  • 7.
    WHAT’S  THE  BIG  DEAL   ABOUT  MENTORS? What  you   know  you   don’t  know What  you   know  but  still   need  to  learn   more What  you   don’t  know   you  don’t   know What  you   don't  want  to   know  but   need  to  face With  limited  human  &   financial  resources,  a   startup  or  scaleup’s most   valuable  resource  is  time  &   most  important  attitude  is   ability  to  cope  with  reality.   Mentors  can  help  save   time,  provide  critical  reality   checks  &  so  much  more…
  • 8.
    WISHING  YOU  A  REWARDING,  MINDFUL   JOURNEY… GOOD  LUCK  &  THANK  YOU.