You only need this 3 things to be an entrepreneur - Video 1
Transcript:
You might be an entrepreneur if you meet these three conditions:
Becominng a succesful entrepreneur is not about having access to capital or area of study, it's about having the right skills, the right process and the right heart.
The right skills
Marketing innovation. As Michael Ellsberg wrote "the prerequisite to selling is listening". It's important to understand people and their needs, their networks and relationships and create unique situations to pitch effectively.
Managing risk. Entrepreneurs are risk takers as much as they're risk minimizers. One way to minize risk is through boostrap, provide the resources for starting up with customer revenues, test all your business model assumptions. The job of an entrepreneur is to find a business model that works before running out of money.
Leading yourself and others. Entrepreneurs keep going when others stop trying. They overcome seemingly instrumentable obstacles and they trascend the states quo to bring change where is sometimes unwarranted. Entrepreneurs quickly adapt and confidently try new things
The right process
Entrepreneurship is a discipline. Peter Drucker argue that "entrepreneurship is a management discipline". It's a process than can be learned and applied. Discipline implies a process. The process begins with customer discovering or understanding the problems from a consumer's perspective and testing whether your solution fits. Custumer creation entails discovering how to entries the next wave of customers to move to other sale's channel. Then and only then should resources be expent to build the company to support the business model. That last step is called "company creation".
The right heart:
Love of the game. It takes much trail and the error to find a business model that works. If a business person doesn't love the process he'll loose energy before running out of money.
Commitment. So, what determines if entrepreneurs keep going? Love, like skill involves both, nature and nurture. It entails affection, passion and discipline. It requires both the heart and head. As it's the case in a marriage, a commitment to out in others first is needed for getting through the tough times.
Entrepreneurship is one of the ultimate team sports. Skills, process and heart can be learned. They also flow from some natural endowments. Give yourself enough time to discover and develop the skills, process and heart to become a successful entrepreneur.
Retrieved from: https://www.youtube.com/watch?v=ao6e-b8phFM
Who is an Entrepreneur? - Video 2
Transcript:
- I am an en entreprenur.
- I am following a dream, pursuing an opportunity, taking charge of my own destiny
- I am bringing something of value to society, making a job for myself and for others. I am creating wealth that benefits my family, my community, my country, my world. I am one of a movement of millions of entrepreneurs and innovators who made America great and who will continue to keep our economy going and growing.
- I am what I am because many people have helped along on this journey.
- Therefore, I will tell my story, sharing my successes and failures so that others taking the entrepreneurial path can learn.
- I will strive to mentor an aspiring antrepreneur. I will make my voice heard by those who make policy decisions that affect me and my business.
- I will appreaciate and celebrate my accomplishments and the accomplishments of all my fellow entrepreneurs.
- I will give back to the society that helped me to be successful. I will build a stronger America.
Retrieved from: https://www.youtube.com/watch?v=oXU572ZRqdY
What is an Entrepreneur? - Video 3
Transcript
What is an entrepreneur? Entrepreneurs are all a little nuts, you have to be too if you want to start a business. Crazy! have stars in their eyes. Tenacity. They're not complaint. They don't care. Someone who never really fit in, didn't fit the clicks, din't fit with the cool kids, didn't fit with the nerds, they want to do what they want to do, they want to build robots, they want to build forts, they want to start a lemonade stand.
Well, it's interestings, I think it's really hard to define an entrepreneur because they are all different types and different personalities. An entrepreneur is someone who can make something happen.
It's someone who can make something out of nothing, and basically he has, you know the relentless focus and the energy, and wants to affect change whether by making money or social change, but entrepreneurs are people who see vision, that's not necessarily congruent with what the rest of the world sees and say to themselves "I don't care what they see, I know what I see and this is where I want to go with.
It's the guy who decides he doesn't want to work for the man. He has this quest to push the envelope on everything. Because they don't have that fear of failure, tremendous optimism and tremendous energy.
Unflinchingly positive. It can't be about the money, that could be you know a little bit further down the list because there is not money in the begining.
You have a sense of what you want to achieve and you go out and you find the way to make it work and building that thick skin, you just never give up, go on then people wouldn't know.
Driven, they don't care what other people say, they have an idea and they are gonna drive towards that idea until they're proven wrong. The relentless, they don't stop ever!
Retrieved from: https://www.youtube.com/watch?v=V7yKJZd-iCY
What is an Entrepreneur? - Video 4
Transcript:
- The words that I would use to describe an entrepreneur is someone that has identified something that he or she really enjoys doing and also other people would benefit from what they enjoy and they take the concept and they build the concept and then they present it to others.
- The words that I would use to describe an entrepreneur would be someone who wants to control their own destiny, very passionate, enthusiastic, motivated. So, someone again who wants to be able to see their own future and be a part of planning that future.
- They have to be able to really I think, trudge and move forward, and see opportunity and create it, you know, when it's not there.
- Someone that is less structured and more free-flowing with their ideas and attitudes and not hindered by normal convictions.
- They need to be goal setters and be able to be visionaries, of course your vision is going to be constantly changing as your goals are but you need to have those action plans in place and see where you are, what strategies you need to change in order to get to where you want to be.
- Being willing to take advantages and opportunities and using them to push their ideas forward. Being able to be bold and going and leaping off the cliff and just making it all happen.
- Unfurtunately failures are part of success and it's that passion, that love for what you're doing.
- They have the ambition and the willingness, the propensity to go at it, take it on and wrestle
to the ground.
- Somebody who doesn't take no for an answer and who knows what kind of what's around them, what they can afford to lose, what the market needs and how they can contribute to that and what needs to be done in order to get them there.
- Being able to develop good working relationships with other people also being a lifelong learner.
- Traditionally we think of an entrepreneur as somebody that is always out there, starting up a new business, but I actually think on entrepreneurs as anybody who has a really good creative idea and works to try to find out how they can implement an idea for the betterment of all people aroung him.
Retrieved from: https://www.youtube.com/watch?v=RCN0EnXmnUg
How to tell if you're an Entrepreneur - Video 5
Transcript:
Minute MBA, how to tell if you are an entrepreneur?
1. You started young
As a child you didn't just have a lemonade stand, you had a lemonade franchise and a toll-free number. 42% of all entrepreneurs launch their first business in childhood. And studies show that the earlier entrepreneurs start their first business the more likely they will find success. Today, kids are born entrepreneurs having traded in their newspaper routes and baseball cards for developing mobile apps like 14 year old Robert neighs bubble ball which has over 9.1 million downloads that's a lot of milk money.
2. You're a gambler
Ray Bradbury might have had the entrepreneur in mind when he said that living a risk is jumping off a cliff and building your wings on the way down. 7 and 10 entrepreneurs feel that taking risk is more important to success than avoiding mistakes and 77% of people use their own money or family assets for starting their business, of course the only guarantee you have in jumping off a cliff is that the ground anchor is to meet which means three.
3. You are probably a failure
First time entrepreneurs can expect to fail 82% of the time which is probably why nearly 2 out of 10 say that they have at least one maxed out credit but though the virtual promise of crushing debt may seem like a big deal, the fact is four.
4. You are not in it for the money
Even tough entrepreneurs on average make at least 25% more than the general population. Two-thirds claim drive as the number one motivator in starting a business.
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