Presentation on theme: "Entrepreneurial Seizure The excitement of independence associated with getting rid of the boss is almost always fueled by a flawed understanding of what."— Presentation transcript:
Entrepreneurial Seizure The excitement of independence associated with getting rid of the boss is almost always fueled by a flawed understanding of what being on your own means. Michael Gerber The E-Myth
“ An entrepreneur is someone who is allergic to bad bosses or bosses in general.” Jim Bagnola
Definition of an Entreprenuer by Fred Gratzon founder of The Great Midwestern Ice Cream Company and Telegroup Author of “A Lazy Way To Success”
“ An entrepreneur is someone who will do ANYTHING to avoid getting a job.” Fred Gratzon
I realized that if the precious competency of entrepreneurship could lead me to such success, that competency should be shared for the betterment of the world. Entrepreneurship: How to turn dirt and scrap into gold. Dr. Ciputra
Entrepreneurs and startups are important to the economy. They solve real problems. They create new jobs. They respond quickly and keep innovating.
Why do people become entrepreneurs? To solve a problem. To change the world. To be independent. To make money. To give back.
Get Yourself In Order You are the DNA of the business The founder/manager is on stage every minute of every day It is your daily behavior not your words that count What rituals and practices do you follow? What do you reward and penalize? Do you compromise your values?
Creator of Culture The beliefs that mold great organizations frequently grow out of the character, the experiences, and the convictions of a single person. More than most companies, IBM is the reflection of one individual, my father T.J.Watson. Thomas Watson, Jr. Past Chairman of IBM
Four Most Important Words: You Can Do It! Sol Waksman Founder of Barclay Hedge Fund Indices and Trading Co.
Get Ready for obstacles and resistance. They are natural to the process. Life is a festival of disruptions. Resistance grinds off rough edges. (like grinding a diamond)
Four Practices of the World’s Great Entrepreneurs Sense of Mission Customer/Product Vision High Speed Innovation Self-Inspired Behavior From research by Larry Farrell
High Speed Innovation Improve something––anything––every day Speed up action: Create a sense of urgency Wipe out bureaucracy: Grow big by staying small
What do Entrepreneurs Really Want? A.Total Control B.Big Money C.To Do Good D.Power and Influence E.Managing People F.Variety G.Intellectual Challenge H.All the Above
Ranking of What Entrepreneurs Want (Men 20s and 30s) 1.Autonomy 2.Power and Influence 3.Managing People 4.Financial Gain
Ranking of What Entrepreneurs Want (Women 20s and 30s) 1.Autonomy 2.Power and Influence 3.Managing People/ 30s Variety 4.Altruism
What is the initial cost of a start-up? 1.UPS $100 2.Black and Decker $1200 3.Clorox $500 4.Marriott (A&W Root Beer) $3,000 5.Hewlett Packard $538 6.Johnson Publishing $400 7.Dominos Pizza $900 8.Nike $1,000
What is the initial cost of a start-up? 1.Electronic Data Systems(EDS) $1,000 2.Body Shop $6,000 3.Apple Computer $1250 4.DHL -0- 5.Fawcette Publications -0- 6.Telegroup -0- 7.The Leadership Group International -0-
What is the initial cost of a start-up? The current list of the Fortune 500 roster shows 41% started with less than $10,000 and 33% started with less than $1,000
Never Stop Learning! You must continue to learn to Lead! Leading means getting followers. You will get Bankers, Investors, Lenders Customers, Employees, Partners, Vendors, Government and other Businesses to follow you.