the startup guide - the entrepreneur's role

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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

386 STARTUPGUIDE.COM

The Entrepreneur’s Role

Entrepreneurship


THIS presentation IS PART OF A LARGER slide DECK on

building a better world through entrepreneurship

Startupguide.com

ABOUT THIS PRESENTATION

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LIFE LESSONS


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


“A person who organizes, Operates, and assumes THE RISK FOR A BUSINESS VENTURE”

- The American Heritage dictionary


Entrepreneur (n.)


“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



1. BUILD ORGANIZATIONS

3. PRODUCE & DISTRIBUTE GOODS

Entrepreneurs:

2. ARRANGE PEOPLE, CAPITAL & MACHINES

4. CREATE VALUE FOR HUMANITY



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


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


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



TO ENTER THIS WORLD YOU MUST UNDERSTAND HOW THE SYSTEM OF ENTREPRENEURSHIP

WORKS



THERE ARE THREE WAYS TO BUILD WEALTH THROUGH ENTREPRENEURSHIP THROUGH A SALARY, THROUGH DIVIDENDS, and through THE SALE OF

STOCK YOU OWN



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



•  DEVELOP A NOVEL PRODUCT •  PROTECT YOUR IP •  GET CUSTOMERS •  BUILD A GREAT TEAM •  RAISE CAPITAL •  BUILD SCALABLE SYSTEMS


TO BUILD A SUCCESSFUL BUSINESS, YOU’LL HAVE TO


A CEO’S ROLE IN A STARTUP IS THE

CHIEF EVERYTHING OFFICER



VISION STRATEGY PRODUCT CREATION FINANCING MEDIA RELATIONS

CULTURE LEADERSHIP TEAM RECRUITING OPERATIONS BOARD RELATIONS

entrepreneurship

A STARTup’s CEO ROLE

THE ENTREPRENEUR’s ROLE


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



YOUR ROLE AS CEO IS NOT TO MICROMANAGE It’s to hire people EXPERIENCED THAN YOU IN THEIR AREAS AND PROVIDE THE BIG PICTURE


WHILE Relentlessly MAINTAINING CUSTOMER FOCUS AND QUALITY OF PRODUCT THROUGH THE PEOPLE YOU HIRE


GREAT CEO’s ARE GOOD AT PUBLIC SPEAKING CONNECTING DEEPLY WITH TEAM SHARING THEIR PASSION RAISING FUNDING UNDERSTANDING THE CUSTOMER


SHARE FREELY

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

the startup guide - the entrepreneur's role

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