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CEO of Connect.com
Startup Guide
RYAN ALLIS
Building a Better World Through Entrepreneurship
With Ellen Daly
The
2013 Edition
More slides at www.startupguide.com
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THIS presentation IS PART OF A LARGER slide DECK on
building a better world through entrepreneurship
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ABOUT THIS PRESENTATION
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LIFE LESSONS
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INDIVIDUALs WHO BUILD ORGANIZATIONS
TO PRODUCE & DISTRIBUTE GOODS
Entrepreneurs (n.)
WHICH ARRANGE PEOPLE, CAPITAL & MACHINES
THAT CREATE VALUE FOR HUMANITY
entrepreneurship THE ENTREPRENEUR’s ROLE
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“A person who organizes, Operates, and assumes THE RISK FOR A BUSINESS VENTURE”
- The American Heritage dictionary
entrepreneurship THE ENTREPRENEUR’s ROLE
Entrepreneur (n.)
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“Both a sparkplug & CATALYST THE ENTREPRENEUR IS AT ONCE THE DRIVING FORCE BEHIND PRODUCTION AND THE AGENT WHO COMBINES THE OTHER RESOURCES IN WHAT IS HOPED WILL BE A PROFITABLE VENTURE”
- McConnell and Brue in Economics
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1. BUILD ORGANIZATIONS
3. PRODUCE & DISTRIBUTE GOODS
Entrepreneurs:
2. ARRANGE PEOPLE, CAPITAL & MACHINES
4. CREATE VALUE FOR HUMANITY
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IT IS THE ENTREPRENEUR WHO ORGANIZES & ARRANGES THE USE OF LAND, LABOR, & CAPITAL TO CREATE AN OUTPUT DEMANDED BY HUMANs
THE ENTREPRENEUR’s ROLE entrepreneurship
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TRAITS OF AN ENTREPRENEUR: Initiative DRIVE TOWARD EFFICIENCY BIAS TOWARD ACTION ABILITY TO TAKE FEEDBACK TOLERANCE FOR STRESS DETERMINATION DECISIVeNESS COURAGE ABILITY TO DEAL WITH FAILURE
CREATIVITY ABILITY TO LEARN QUICKLY PERSERVERENCE ABILITY TO DELAY GRATIFICATION DRIVE TO ACHIEVE ABILITY TO PLAN ABILITY TO BUILD A TEAM ABILITY TO INSPIRE & LEAD ABILITY TO PRIORITIZE
entrepreneurship TRAITS OF AN ENTREPRENEUR
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THERE IS AN ENTIRELY DIFFERENT WORLD OUT THERE—A WORLD OF PROSPERITY & UNLIMITED WEALTH You can enter this world IF YOU ARE AWARE IT EXISTS AND YOU WORK HARD
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TO ENTER THIS WORLD YOU MUST UNDERSTAND HOW THE SYSTEM OF ENTREPRENEURSHIP
WORKS
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THERE ARE THREE WAYS TO BUILD WEALTH THROUGH ENTREPRENEURSHIP THROUGH A SALARY, THROUGH DIVIDENDS, and through THE SALE OF
STOCK YOU OWN
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THE SUCCESSFUL ENTREPRENEUR CAN EARN TENS OF MILLIONS OF DOLLARS FOR CHANGING AN INDUSTRY AND BRINGING IMMENSE VALUE TO A LARGE USER OR CUSTOMER BASE
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• DEVELOP A NOVEL PRODUCT • PROTECT YOUR IP • GET CUSTOMERS • BUILD A GREAT TEAM • RAISE CAPITAL • BUILD SCALABLE SYSTEMS
entrepreneurship THE ENTREPRENEUR’s ROLE
TO BUILD A SUCCESSFUL BUSINESS, YOU’LL HAVE TO
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A CEO’S ROLE IN A STARTUP IS THE
CHIEF EVERYTHING OFFICER
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VISION STRATEGY PRODUCT CREATION FINANCING MEDIA RELATIONS
CULTURE LEADERSHIP TEAM RECRUITING OPERATIONS BOARD RELATIONS
entrepreneurship
A STARTup’s CEO ROLE
THE ENTREPRENEUR’s ROLE
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AS YOU GROW, THE CEO ROLE BECOMES:
1. Set Strategy & VIsion 2. RECRUIT & lead SENIOR TEAM 3. OVERSEE RESOURCE ALLOCATION 4. COMMUNICATE TO STAKEHOLDERS 5. BUILD A GREAT CULTURE
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YOUR ROLE AS CEO IS NOT TO MICROMANAGE It’s to hire people EXPERIENCED THAN YOU IN THEIR AREAS AND PROVIDE THE BIG PICTURE
entrepreneurship THE ENTREPRENEUR’s ROLE
WHILE Relentlessly MAINTAINING CUSTOMER FOCUS AND QUALITY OF PRODUCT THROUGH THE PEOPLE YOU HIRE
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GREAT CEO’s ARE GOOD AT PUBLIC SPEAKING CONNECTING DEEPLY WITH TEAM SHARING THEIR PASSION RAISING FUNDING UNDERSTANDING THE CUSTOMER
entrepreneurship THE ENTREPRENEUR’s ROLE