How to Start and Grow your Startup 1. Entrepreneurship & Innovation -What Entrepreneurs do -How to start a startup

1. Entrepreneurship & Innovation
What Entrepreneurs do
How to start a startup

2. What Entrepreneurs do
• Entrepreneurs innovate
• Innovation means creating something of value
• Entrepreneurs exploit change

3. What Entrepreneurs do
• Entrepreneurs innovate
– Entrepreneurs make something new
– Innovation is the tool of the entrepreneur
– Entrepreneurship can be learned
Source: Peter Drucker

4. What Entrepreneurs do
• Innovation means creating something of value
– Innovation creates wealth
– Innovation can be applied to both supply and demand
Source: Peter Drucker

5. What Entrepreneurs do
• Entrepreneurs exploit change
– Entrepreneurs see change as healthy
– 'Creative destruction' is the task of the entrepreneur
Source: Peter Drucker

6. What Entrepreneurs do
• Learn more
– Peter Drucker, “Innovation and Entrepreneurship”
– Paul Graham, “How to Make Wealth”

7. How to start a startup
• Startups need people, ideas and funds
• Just try it

8. How to start a startup
• Startups need people, ideas and funds
– Startups are hard but doable
– Ideas for making something people want
– Good people
– Spending as little as possible
Source: Paul Graham

9. How to start a startup
• Just try it
– Version 1.0 and iterate
– Getting to Plan B
“No battle plan ever survives contact with the enemy.”
Field Marshall Helmuth von Moltke
Source: Paul Graham and John Mullins & Randy Komisar

10. How to start a startup
• Just try it
– Innovation - Learning from failure
• The only way to avoid failure is to do nothing
Source: Bob Sutton and Diego
Rodriguez

11. How to start a startup
• Learn more
– Paul Graham, “How to Start a Startup”
– Paul Graham, “Six Principles for Making New Things”
– John Mullins & Randy Komisar, “Getting to Plan B”
– Diego Rodriguez, “Failure sucks, but instructs”
– Bob Sutton, “Failure Sucks But Instructs”