The presentation covers some primary personality traits that entrepreneurs need to be successful, especially in Nepal's context. It also shares some key insights into what makes entrepreneurs successful.
How many of you like Formula One Race? How about starting a mini race track near Kathmandu? Wouldn’t that be cool? Find something really passionate about. Don’t start something that doesn’t inspire you in some way.
Use non stick cookware example, DuPont scientist working on a new material for the refrigerator – invention of Teflon .. When to be and when not be Arjun. Talk about Facebook, ask if people know about friendster.
In Nepal, everyone from your friends and your family will probably say DON’T do it. Some may even say you will fail. If you are one of those who are a little irrational and don’t listen to what everyone says than you may be an entrepreneur.
Minivan example, Ford to Chrysler
Entrepreneurs strongly believe in their ideas. Example Henry Ford, the founder of Ford Motors and the father of modern car tried and failed several times before making the first internal combustion engine that even till this date drives our cars. twitter’s founders worked on the idea for three years before it was a success. There are rarely things called overnight success.
Ask about how interested in a business plan competition
Are you an entrepreneur?
Are you an Entrepreneur?<br />Presented By: Vidhan Rana<br /> Founding Partner-Managing Director www.biruwa.net<br /> Biruwa Ventures, Pvt. Ltd. twitter.com/biruwaventures<br /> facebook.com/biruwaventures<br />
What are your career goals?<br />What do you want to do after graduation?<br />A banker<br />A government employee<br />A social worker (NGO)<br />A professional (lawyer, doctor, marketing, sales, etc.)<br />Go abroad<br />Join family business <br />Start my own business, AN ENTREPRENEUR<br />
Are you passionate about any ideas?<br />Find something that makes you jump of your bed every morning<br />If your sole goal is making money, then you may not be ready yet<br />Start something that you are already familiar about<br />
Be an entre-manure<br />It isn’t always necessary to invent something new <br />Most successful businesses take existing products and services and tweak it to make it better<br />Be curious<br />Don’t be narrow minded <br />
Are you a little insane?<br />Be ready to make many financial and personal sacrifices<br />Roughly half of startup companies fail within 5 years<br />Less time with family and friends<br />
Can you handle multiple responsibilities?<br />Be ready to handle multiple responsibilities<br />Be the CEO, Sales Rep., financial officer, marketer, HR manager<br />Ask for help from friends, colleagues and mentors<br />
Can you make decisions on the fly?<br />Make decisions quickly and boldly<br />Be OK with lack of structure <br />Can live with your decisions even if they turn out to be bad<br />
Go with your gut<br />Rely on your instincts to deliver the right product to the market<br />Introduce products before the market asks for it<br />Think about the future, and what people will need then<br />
Are you a good communicator?<br />Be persuasive and well-spoken!<br />You will need to sell your ideas to investors, partners and customers<br />Make people believe in your vision as much as you do<br />
Are you a leader?<br />Be a doer not a talker!<br />Be comfortable with delegating responsibilities<br />Initiate projects and see them through<br />
Don’t Let Bozos Grind You Down<br />“When the Paris Exhibition closes electric light will close with it and no more will be heard of it”<br /> - Erasmus Wilson, professor at Oxford University, 1878<br />“The ordinary ‘horseless carriage’ is at present a luxury for the wealthy; and although its price will probably fall in the future, it will never, of course, come into as common use as the bicycle.”<br /> - The Literary Digest, October, 1899<br />
Are you ambitious?<br />You are a go-getter and are very competitive<br />If you don’t have a strong passion to succeed than you are more likely to fail<br />Once you accomplish one goal you strive for more<br />
Are you patient and persistent?<br />Small failures should not affect you<br />Be creative, patient and very persistent<br />If you fail, don’t be down, learn from the failures and adapt accordingly<br />
“I overheard someone dismissively talk about how Rovio had everything handed to them and that’s why they had “overnight success”. I almost went medieval on them.<br />There is no denying that Angry Birds is a culture phenomenon, but one thing it’s not is an ‘overnight success’. Rovio developed many other games unsuccessfully for 8 years before catching this huge break.” <br />
“<br />Only those who dare to fail greatly can ever achieve greatly.”<br /><ul><li>Robert F. Kennedy</li></ul>Brother of US President John F. Kennedy<br />
www.biruwa.net<br />http://www.facebook.com/groups/bizincubator/<br />A place to grow your ideas<br />