opportunity found!
DESCRIPTION
TRANSCRIPT
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Understanding the Entrepreneurial Mindset
Opportunity Found
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Two Questions
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How do entrepreneurs recognize opportunities?
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How do entrepreneurs recognize opportunities?
How do they pull it off?
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Wisdom and insight straight from the source
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Module 1: Principles
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What is entrepreneurship?
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Entrepreneurship is not management
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What is an entrepreneur?
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What does it take to become an entrepreneur?
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Create the future
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Risk vs Reward
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"Imagination is more important than knowledge”
-A. Einstein
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Module 2: Paradigm
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Organizational Paradigm:Origins and Outcomes
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Organizational Mindset
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Thank God It’s Friday
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Shift Happens
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The Entrepreneurial Paradigm:Origins and Outcomes
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The Entrepreneurial Mindset
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Thank God It’s Monday
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Old Paradigms Die Hard
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Assumption of Complete Knowledge
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Module 3:
Opportunity Found:An Entrepreneurs Perspective
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Fundamentals of Value Creation
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A Solution in Search of a Problem
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An inside-out perspective
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"The market doesn't give a damn about you."
-David Morgenthaler
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Hope is not a strategy
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It’s not about us…
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EQ vs IQ
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“Seek first to understand, then to be understood.”
- Steven Covey
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Know thy customer
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Know thy self
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The maze
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Problems are opportunities
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Opportunity assessment
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$
time
12
3
revenue
expense
Can we make a product?
Can we get a few
people to buy? Can we get lots of
people to buy?
Seed/pre-seed
Founders
?
Capital
Mgmt
Early stage/ Angels
Growth/VC
Founders/Prof Mgmt
Prof. Mgmt
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Basic financial aptitude
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Scalability and growth potential
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Objectivity
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Enthusiastic and somewhat inexperienced
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Module 4: Approach
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1. Growth mindset- internal vs external
locus of control
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2. Win X the big brother alliance
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3. Social intelligence networking
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4. CreativityFinding Solutions for Everyday
Problems
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5. Intuition The power of thinking without
thinking
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6. Willingness to embrace change
Curiosity is required
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7. Tolerance for uncertaintyIrreducible uncertainty
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8. VisionTapping the power of
human potential
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9. AgilityOpportunistic adaptation
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10. Focus and executionFacing your fears
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11. Persistence and determination
A positive approach
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