What The Classroom Doesn't Teach: How To Become A Great Entrepreneur

1. WHAT THE CLASSROOM DOESN’T TEACH! How To Become a Great Entrepreneur. Antermology Inc. Powered by Tuesday, April 8, 14

2. What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Sponsored By... Research By... Primus Chuks Igboaka, PhD., MBA. Tuesday, April 8, 14

3. Why Did We Commission A Study? Great results are driven by data 65% of entrepreneurs believe they will perform in top 20% Want to give Hometown Hoyas a leg up. What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Tuesday, April 8, 14

4. Areas Covered CURRENT LANDSCAPE FOR ENTREPRENEURS IN 2014 THE TOP TRAITS OF SUCCESSFUL ENTREPRENEURS EXPOSING THE COMMON MYTHS & MIND BLOCKS ABOUT BECOMING A GREAT ENTREPRENEUR What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Tuesday, April 8, 14

5. Rules QuesZons at the end Take a break from social networks What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Tuesday, April 8, 14

6. Entrepreneur Landscape What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Tuesday, April 8, 14

7. Reasons Entrepreneurs Want To Be Great Solve an important problem Capitalize on an original business idea What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Be own boss Can’t ﬁnd a job in this economy Build Wealth Tuesday, April 8, 14

8. The Entrepreneur’s Revenue Reality 95% never produce $1 million in revenue Only .8% reach $5 million Only 1.8% of those reach $10MM What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur $0 $100k $500K $1MM $5MM$50k 0.08 Source: Glasner, Joanna. "Top Venture Capital Trends of 2013." Reuters Venture Capital Journal. Reuters, 21 Sept. 2013. Web. 08 Apr. 2014. Tuesday, April 8, 14

9. Entrepreneurship By The Numbers 512,000 new companies started each month 29% started by entrepreneurs under 30 Over 90% are self funded or bootstrapped 99.78% fail within 3 years What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Source: Carlton, T. "Forum for Innovation." U.S. Chamber of Commerce Foundation. US Chamber of Commerce, Sept.-Oct. 202. Web. 08 Apr. 2014. Tuesday, April 8, 14

10. What about venture backed CEOs? 70% never return original investment 60% are dead by age 3. 35% dead by age 10 What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Source: Gage, Deborah. "The Venture Capital Secret: 3 Out of 4 Start-Ups Fail." The Wall Street Journal. Dow Jones & Company, 12 Sept. 2012. Web. 08 Apr. 2014. Tuesday, April 8, 14

11. Some PerspecZve... What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Tuesday, April 8, 14

12. Some PerspecZve... What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Tuesday, April 8, 14

13. So if funding isn’t a predictor of greatness, what is? What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Tuesday, April 8, 14

14. What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Tuesday, April 8, 14

15. Entrepreneur “A person who organizes and manages any enterprise, especially a business, usually with considerable iniPaPve and risk.” What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Source: Pedia, Wiki. "Entrepreneurship." Wikipedia. Wikimedia Foundation, 04 June 2014. Web. 06 Apr. 2014. Tuesday, April 8, 14

16. Business “A series of systems that (1) creates or provides something of value that (2) other people want or need (3) at a price they’re willing to pay, in a way that (4) saPsﬁes the purchaser’s needs and expectaPons and (5) provides the business suﬃcient revenue to make it worthwhile for the owners to conPnue operaPon.” What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Source: Kaufman, Josh. The Personal MBA: A World-class Business Education in a Single Volume. New York: Portfolio Penguin, 2010. Print. Tuesday, April 8, 14

17. What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Tuesday, April 8, 14

18. Traits Of Great EntrepreneursACTION ORIENTED PASSIONATE VISIONARY DISCIPLINED PIG HEADED DISCIPLINE FOCUSED RISK TAKER LIFELONG LEARNER PEOPLE SKILLS CREATIVE FLUID INTELLIGENCE CONFIDENT Leader What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Tuesday, April 8, 14

19. Top 5 QualiZes Of Great Entrepreneurs Professional Experience CreaPve/PosiPve Thinking Fluid Intelligence Flexibility/Agreeableness Resourcefulness 1 2 3 4 5 What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Source: Graham, Paul. "What We Look for in Founders." What We Look for in Founders. Y Combinator, 10 Oct. 2010. Web. 08 Apr. 2014. Tuesday, April 8, 14

20. Professional Experience 28+ years old 6+ years experience in industry Project complePon experience Management experience What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Tuesday, April 8, 14

21. CreaZve/PosiZve Thinking What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur OpPmisPc IntuiPve Outside The Box 1 2 3 Can you see the opportunity hidden in every challenge?? Tuesday, April 8, 14

22. Fluid Intelligence Paaern recogniPon Logic Abstract Thinking 1 2 3 What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Can you quickly learn a rule set and apply it to a novel problem? Tuesday, April 8, 14

23. Flexibility / Agreeableness Straighdorward Considerate CooperaPve 1 2 3 What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Can you balance cooperaPon with antagonism? Tuesday, April 8, 14

27. Fluid Intelligence Paaern recogniPon Logic Abstract Thinking 1 2 3 What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Can you quickly learn a rule set and apply it to a novel problem? Mama Ushauri Tuesday, April 8, 14

28. Resourcefulness Access to important resources Can ask others for help Pig headed discipline 1 2 3 What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Can you complete the job with what you have or quickly ﬁnd the resources? Tuesday, April 8, 14

40. What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur rarely occurs without a compelling enough reason to get where you’re going... Tuesday, April 8, 14

41. Greatness Requires Failure... What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Tuesday, April 8, 14

42. QuesZons To Know You’re On The Right Track Outcome Reason Massive AcZon Plan What is my outcome? How can I take massive acZon? What is my big reason why? 1 3 2 What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Tuesday, April 8, 14

43. Finding Your FOCUS 1 2 36 5 4 Find Your Passion Organize Your Team Commit To A Plan FIND PASSION ORGANIZE TEAM BELIEVE MENTORS REPEAT PLAN UPlize Mentors Suspend Your Disbelief What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Tuesday, April 8, 14

44. Which will you focus on ﬁrst? What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Tuesday, April 8, 14

45. THANK YOU ! GET IN TOUCH Social Media facebook.com/marcushowardhq twider.com/marcushowardhq Tuesday, April 8, 14

46. I Would Like To Publicly Thank... Professor Mike Ryan Dean McWade Professor Finnerty Fundamentals of Finance Dean of Student Financial Services Entrepreneurship Professor What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Tuesday, April 8, 14

47. Companies (Co)Founded By Hoyas What The Classroom Doesn’t Teach: How To Become A Great Entrepreneur Tuesday, April 8, 14

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