Introduction to high-impact entrepreneurship
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Presentation for faculty and local entrepreneurs about the entrepreneurial mindset and best practices from Silicon Valley.
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Introduction to high-impact entrepreneurship
- 3. All human beings are ent repreneurs. When we were in the caves, we were all self-employed... finding our food, feeding ourselves. That’s where human history began. As civilization came, we suppressed it. We became “labor” because they stamped us, “You are labor.” We forgot that we are entrepreneurs. —MUHAMMAD YUNUS Nobel Peace Prize winner and microfinance pioneer
- 6. Startup Experience 2011- 2012
- 9. Goals for today • Establish a common language on entrepreneurship and innovation • Learn new practical tools to.. 1. Accelerate your own businesses 2. Teach entrepreneurship at your university
- 10. Themes of the day The entrepreneurial mindset The Startup of YOU Fuzzy front end innovation Design Thinking and Ideation LEAN startup Business Model Innovation Customer Development Pitching Value Creation Forum
- 14. “The world is made by people who were no smarter than you! – Don’t be afraid to change it…” Steve Jobs
- 19. What is an entrepreneur?
- 22. 1 Liter of Light – Demitrios Burkas MyShelter Foundation
- 23. Every big problem is a big opportunity - Vinod Khosla
- 30. Entrepreneurship... is an eXtreme sport 30
- 32. Not just a place – it’s a state of mind
- 33. What can we learn from SV? • Networking - sharing knowledge and connections • Fail faster – fail cheaper! • Build the right team • Open mind and helpful attitude • Global ambitions from day 1 - think global, start local • Work hard - play hard • Raise money and grow fast!
- 34. Famous Founders
- 35. What makes a good founder?
- 37. Theoretical frameworks we use in the program
- 38. What is a Startup? A Human institution designed to deliver a product or service under conditions of extreme uncertainty. - Eric Ries A temporary organization designed to search for a repeatable and scalable business model - Steve Blank
- 39. What is LEAN STARTUP?
- 40. Work smarter not harder! Develop an MVP Eliminate uncertainty through validated learning Learning
- 41. Change direction but stay grounded in what we’ve learned
Hinweis der Redaktion
- Diverse audience: focus on introducing valuable tools for entrepreneurs that you can either use in your career as an entrepreneur or use for your students as an entrepreneurship educator
- Learning something hard while having funKen robinson: creativity is as important as literacy and should be treated as such..Creativity: you have to shut down your self judgment *Tina SeeligAllowed to make mistakes!They build confidence by coming up with real solutionsThree crucial aspects of the transformationBuilding confidenceInspiring students to find their passionBuilding skills to turn problems into opportunities
- Title: Henrik Scheel: How the entrepreneurial mindset can change you-“When you grow up…”I particularity like this quote by Steve Jobs, because it so clearly communicates that Life is not predefined, life is full of opportunities but it’s our responsibility to make the best out of it. Today’s school system..passion Not same starting point in life but our responsibility to make the best out of it
- 20
- Okay now it’s time for you to get to know each other a little better.. When you work as a team it is crucial that you have a good understanding of each other’s strengths and weaknesses. We are now going to do a quick energizer/teambuilding exercise called The movie trailer of your life!Find your team mates and stand in a circle (each team form a circle) so you can all se each other. Now you will each have exactly one minute to tell the story of your life from the day your were born till this moment where we stand here today. *the facilitator takes time (1 minute count down, let them know when there are 30 seconds left and 5 seconds left) good idea to use a big count down timer like: http://classtools.net/education-games-php/timerWhen we are working in a startup team we sometimes experience a lot of pressure and can easily feel very stressed. In those situations it is important that we know each other really well so we can deal with the conflicts in a good way. Going back to the analogy on how entrepreneurs are superheroes – we all have our superpowers and our Kryptonite (the only material that makes Superman weak) when it comes to teamwork. We will now take a second round where to tell the team about the 2 main skills/competences (superpowers) you are bringing to the team + your two biggest weaknesses when it comes to teamwork (kryptonite) - by sharing these strengths and weaknesses you can really improve your team collaboration.Let the teams choose a team captain who will lead the process to begin with *you can take turns..
- Video where Steve jobs talks about how you can change the world around you – Find the clip in the video-folder or here: http://www.youtube.com/watch?v=zQYTvVrBeMk
- Entrepreneurship is a way to live you life where you don’t just accept the way things are, you dare to challenge the status quo and try to improve things. Instead of turning your back to problems you try to find solutionsInnovation is dead in Silicon Valley.. The perception of an entrepreneur today..
- Demi Burkas was unemployed Carpenter living in a small house in the Philippineshttp://riomatters.wordpress.com/2012/06/06/1-liter-of-light-by-ami-valdemoro/MyShelter Foundation, w. Illac Diaz (Filipino Student)The solar-bottle (A liter of light), brightening up the dark homes, low cost high impact solution to a big problem – so many people can benefit from this. Not spending money where it’s not necessary
- Who can tell me what Innovation means? – Who can tell me what entrepreneurship means?*have a quick talk about the two words and what they mean..*ask “Why do you think Innovation and entrepreneurship is important?” Innovation is the driver for all progress in society; all new inventions and improvements come through the process of innovation. Someone got an idea and went to implement it successfully. So if we didn’t innovate we would not have any progress in the world, and we wouldn’t be able to overcome the problems we face all the time.Entrepreneurs are essential to the world because they are the ones who build new companies, so-called startups, and it is these startups that create growth and create the most new jobs. Entrepreneurs are good at solving new problems and that is what we will focus on during this innovation camp.
- The definition of innovation… highlight the difference between invention and innovation.. Many inventions are useless because nobody uses them, in order for something to be defined as an innovation it has to be implemented successfully. Innovation can be measured on the bottom line; do you make money and/or create real impact, then it is an innovation.
- Good way to define entrepreneurship… “just like all of you, most entrepreneurs don’t have a lot of money nor a lot of resources but they still pursue their dreams, they still want to change things for the better so they just go ahead anyway – and often times those who have the persistency and the right mindset will succeed.” It’s therefore extremely important that we have this “go-for-it” attitude, that we believe in ourselves and we give it a try although the odds are against us.
- So you can look at entrepreneurs as today’s real heroes – they are the ones that solve the big problems, create jobs and economic growth! Instead of leaning back and just observing the problems around them they stand up and do something to change things for the better…Are you ready to be hero?
- It is important to know that there are several different types of entrepreneurs in the world..There are all the startup entrepreneurs that go out to build a great product and sell this to customers, who find it valuable, Then we have a fantastic group of people called Social Entrepreneurs who aren’t very excited about making a lot of money, they are more excited about creating social impact in the world by solving big social problems. It is however, important to notice that it is also possible to combine the two types and actually make money while solving a social problem – such a company is called a for-profit social venture. *if you feel confident you can talk about non-profit companies VS for-profit companies and mention how a for-profit company can still be a social venture The third type of entrepreneurs is called an intrapreneur. This is the name for all the great entrepreneurs who work hard to innovate and create change inside established companies. All the different types of entrepreneurs are equally important and equally brave, cause it is certainly not easy to be an entrepreneur. And all types of entrepreneurs are very skilled at innovating and they use a very similar process to become successful at what they do.. We will now take a closer look at the innovation process they use since this is the same process we are going to use during this program.
- …GREAT (*if most of them still believe) Cause you need to be delusional to be a successful entrepreneur! You need to believe that you can be the one to beat the odds and go change the world.. That is the true mindset of a good innovator! Entrepreneurship and innovation is an extreme sport!One of the greatest entrepreneurs and angel investors in world is Reid Hoffman, and he has a great analogy about entrepreneurs…*change slide*(http://en.wikipedia.org/wiki/Reid_Hoffman)
- Okay now it’s time for you to get to know each other a little better.. When you work as a team it is crucial that you have a good understanding of each other’s strengths and weaknesses. We are now going to do a quick energizer/teambuilding exercise called The movie trailer of your life!Find your team mates and stand in a circle (each team form a circle) so you can all se each other. Now you will each have exactly one minute to tell the story of your life from the day your were born till this moment where we stand here today. *the facilitator takes time (1 minute count down, let them know when there are 30 seconds left and 5 seconds left) good idea to use a big count down timer like: http://classtools.net/education-games-php/timerWhen we are working in a startup team we sometimes experience a lot of pressure and can easily feel very stressed. In those situations it is important that we know each other really well so we can deal with the conflicts in a good way. Going back to the analogy on how entrepreneurs are superheroes – we all have our superpowers and our Kryptonite (the only material that makes Superman weak) when it comes to teamwork. We will now take a second round where to tell the team about the 2 main skills/competences (superpowers) you are bringing to the team + your two biggest weaknesses when it comes to teamwork (kryptonite) - by sharing these strengths and weaknesses you can really improve your team collaboration.Let the teams choose a team captain who will lead the process to begin with *you can take turns..
- "Lean Startup" is an approach for launching businesses and products, that relies on validated learning, scientific experimentation, and iterative product releases to shorten product development cycles, measure progress, and gain valuable customer feedback. In this way, companies, especially startups, can design their products or services to meet the demands of their customer base without requiring large amounts of initial funding or expensive product launchesToo many startups begin with an idea for a product that they think people want. They then spend months, sometimes years, perfecting that product without ever showing the product, even in a very rudimentary form, to the prospective customer. When they fail to reach broad uptake from customers, it is often because they never spoke to prospective customers and determined whether or not the product was interesting. When customers ultimately communicate, through their indifference, that they don't care about the idea, the startup fails.
- The question is not "Can this product be built?" Instead, the questions are "Should this product be built?"