from big corporate to running your own business
Post on 29-Jun-2015
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FROM BIG CORPORATE TO RUNNING YOUR OWN BUSINESS
5 things they don’t tell you … until it’s too late
SOUQALMAL.COM2,800+ PRODUCTS/ 3 COUNTRIES
#1 BEING AN ENTREPRENEUR IS LONELY… ESPECIALLY EARLY ON
SOUQALMAL.COM2,800+ PRODUCTS/ 3 COUNTRIES
#1 BEING AN ENTREPRENEUR IS LONELY… ESPECIALLY EARLY ON
Where's the HR team, the finance department, the strategy analyst? Why does nothing happen when I’m out on the road? Who can I turn to with ideas & issues?
SOUQALMAL.COM2,800+ PRODUCTS/ 3 COUNTRIES
#2 SILICON VALLEY IS NOT THE NORM;TALENT DOESN’T QUEUE UP
SOUQALMAL.COM2,800+ PRODUCTS/ 3 COUNTRIES
#2 SILICON VALLEY IS NOT THE NORM;TALENT DOESN’T QUEUE
Why do good people not want to join a company they don’t know for less pay, fewer benefits - and less certainty?!
How do I make them see the vision and the potential of my start-up?
SOUQALMAL.COM2,800+ PRODUCTS/ 3 COUNTRIES
#3 EVEN IN A BUOYANT MARKET, IT IS HARD TO FIND THE INVESTORS WHO ARE RIGHT
FOR YOU
SOUQALMAL.COM2,800+ PRODUCTS/ 3 COUNTRIES
#3 EVEN IN A BUOYANT MARKET, IT IS HARD TO FIND THE INVESTORS WHO ARE RIGHT
FOR YOU
What's the value of my business? What share should I give away? Are the terms fair? Will the investors help beyond just $$$?
SOUQALMAL.COM2,800+ PRODUCTS/ 3 COUNTRIES#4 CONVINCING CUSTOMERS TO ACTUALLY PAY MONEY FOR A NEW PRODUCT IS HARD
SOUQALMAL.COM2,800+ PRODUCTS/ 3 COUNTRIES#4 CONVINCING CUSTOMERS TO ACTUALLY PAY MONEY FOR A NEW PRODUCT IS HARD
• Why do I only get to talk to the guy down the chain?
• What discounts do I give to get in the door?
• Why does it take so long to close?
• How do I make sure I don’t lose a client over small setbacks?
SOUQALMAL.COM2,800+ PRODUCTS/ 3 COUNTRIES
#5 CASH IS KING, BUT CUSTOMERS DON’T SEEM TO CARE
• Didn’t we agree on 30 days payment?
• What if, by asking for my money, I annoy the customers I took so much trouble to acquire?
• Will they really care if I ‘switch them off’?
SOUQALMAL.COM2,800+ PRODUCTS/ 3 COUNTRIES
#5 CASH IS KING, BUT CUSTOMERS DON’T SEEM TO CARE
1. Being an entrepreneur is lonely, especially early on
2. Silicon Valley is not the norm; talent doesn’t queue up to join start-ups
3. Even in a buoyant market, it is hard to find the investors who are right for you
4. Convincing customers to actually pay money for a new product or service is much harder than it seems
5. Cash is king… but customers don’t seem to care
SOUQALMAL.COM2,800+ PRODUCTS/ 3 COUNTRIES
FROM BIG CORPORATE TO SME 5 THINGS THEY DON’T TELL YOU… UNTIL IT'S TOO LATE
SOUQALMAL.COM2,800+ PRODUCTS/ 3 COUNTRIES
SOUQALMAL.COM BUSINESS –70+ BANKING PRODUCTS
Especially for the UAE’s 200,000 SMEs, compare 70+ bank accounts, credit cards & business loans, plus a knowledge bank of news, guides and opinion
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Ambareen MusaCEO & Founder, Souqalmal.com
@ambareenm
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