Discover Yourself:

Entrepreneurial Success

Entrepreneur

The Key Personality, Environmental, and Action Factors

By Vadim Kotelnikov, Founder, Ten3 BUSINESS e-COACH – Innovation Unlimited, 1000ventures.com

Entrepreneurial Creativity (Ten3 Mini-course)

"Everyone has a talent. What is rare is the courage to nurture it in solitude and to follow the talent to the dark places where it leads."

– Erica Jong

 

Entrepreneur Be Different and Make a Difference Entrepreneurial Creativity Innovation Discovering Opportunities Pursuing Opportunities Team Building and Teamwork Change Management Risk Management Smart Corporate Leader Customer Care Creating Sustainable Profits Entrepreneur Creating Customer Value Creativity Innovation Discovering Opportunities Entrepreneur: Definition and 10 Key Action Roles

The Four Entrepreneurial Strategies

By: Peter Drucker

  1. Being "the Fastest and the Mostest" – the "greatest gamble", aiming from the beginning at permanent leadership... More

Entrepreneurial Creativity

5 Action Areas

  1. Personal Development

  2. Building Enterprise

  3. Discovering and Pursuing Opportunities

  4. Effective Competing

  5. Winning Customers... More

Creativity Opportunity Spotting

80/20 Principle

10 Golden Rules for Successful Carriers

  • Become self-employed early in your career... More

 

 

10 Commandments for Building a Growing Business

  1. The Customer is King. Define the business of the enterprise in terms of what is to be bought, precisely by whom, and why. Avoid disaster by testing the market prior to development of a product... More

 Discover much more!

Entrepreneur

Day 1: Buying Just 1 Hour of Time of a Consultant

Entrepreneurship

Entrepreneurial Success

Entrepreneurial Creativity

6 Powerful Inventive Thinking Techniques

Steve Jobs' 12 Rules of Success

Do What You Love To Do and Make a Difference

10 Rules for Successful Carriers

Finding a New Business Idea

Entrepreneurial Leadership

Be the Best Possible

The Law of Forced Efficiency

The Deal-Killer Entrepreneurial Personality

Be a Negative Optimist

Turning Failures To Opportunities

Infopreneur

Internet Entrepreneur: Two Income Secrets

How To Create Amazingly Seductive Offers Only a Moron Could Resist!

A Simple Secret To Seducing the Search Engines

Internet Marketing 101

How To Get Rid of Refunders

Humorous Business Plans

Financial Success

Building a High-Growth Start-Up Firm

Milestone Chart

10 Steps To Turning Your Ideas Into Big Cash Wealth

High-Growth Business Development: 4 Stages

4 Entrepreneurial Strategies

How To Succeed In Business

2 Rules for Business Start-Ups

SWOT Analysis: Questions To Answer

7 Simple Steps to Small Business Success

12 Reasons Why Companies Fail

10 Deadly Small Business Mistakes

10 Commandments for Building a Growing Business

9 Super-Slick Secrets for Boosting Your Business Performance

Startup Business Plan

Various Kinds of Business Plans

Venture Management

Management Team

Innovation

DOs and DON'Ts of a Successful Innovator

The Art of Innovation: 9 Truths

Business Model

New Business Models

Venture Financing

Bootstrapping

Alternative Financing: VC Is Not the Only Way

What Are the Venture Capitalists' Investment Criteria?

Step-by-Step Guide to Obtaining Venture Capital

Guidelines for Getting (and Keeping) Funding in Today's Market

Key Documentation To Be Prepared By the Entrepreneur

Venture Presentation: 8 Issues in 8 Minutes

Business Plan DOs and DON"Ts

Making the Best of the Venture Capital Obtained

Business Incubators

Four Models of Business Incubators

Company Assessment Worksheet

Best Practices: Indiaco's Milestone Program

Free Ten3 Micro-courses

6Ws of Corporate Growth

Venture Financing

  Ten3 Mini-Courses   Presentation:    View    Download

Venturepreneur  (100 slides)

Entrepreneurial Creativity  (75 slides)

Venture Financing  (40 slides)

New Product – Fast  (100 slides)

Entrepreneurial Leadership  (40 slides)

What Is Entrepreneurship?

 

Entrepreneurship is first and foremost a mindset. It is the art of finding profitable solutions to problems. Every successful entrepreneur, every successful businessperson has been someone who's been able to identify a problem and come up with a solution to it before somebody else did.

Who Is the Entrepreneur?

Entrepreneur is a person who habitually creates and innovates to build something of recognized value around perceived opportunities.1

In this definition, all words are key words:

  • 'Entrepreneur' – can be an individual entrepreneur, but also an entrepreneurial team or even entrepreneurial organization

  • 'A person' – emphasizes a personality rather than a system

  • 'Habitually' - just cannot stop being an entrepreneur

  • 'Creates' – starts from scratch and brings into being something that was not there before

  • 'Innovates' – able to overcome obstacles that would stop most people; turns problems and risks into opportunities; delivers - sees ideas through to final application

  • 'Builds something' – describes the output of the creation and innovation process

  • 'Of recognized value' – encompasses economic, commercial, social, or aesthetic value

  • 'Perceived opportunities' – spotting the opportunity to exploit an idea that may or may not be original to the entrepreneur; seeing something other miss or only see in retrospect1

What Entrepreneurs Are Like?1

  1. Personality factors

    • born/made ratio – 50/50, a synergy of genetic and environmental influence

    • motivation and emotion – independence, competitive spirit, challenge, wealth

    • behavioral characteristics – perseverance, determination, orientation to clear goals, need to achieve, opportunity orientation, creativity, persistent problem-solving, risk-taking, integrity, honesty, internal locus on control

    • personality attributes – preferred styles: extrovert/introvert; sensor/intuit; thinker/feeler; and judger/perceiver

  2. Environmental factors

    • family background – entrepreneurial heritage

    • age and education – begin entrepreneurial activity early; are not over-educated

    • work experience – most entrepreneurs first gain some work experience in the line of business they later start up

  3. Action factors

    • make the difference – initiate change and enjoy it

    • create and innovate – a continuous activity, seeing creative idea through to the end, and then start climbing another mountain

    • exploit opportunities – able to see or craft opportunities that other people miss

    • find resources and competencies – experts at exploiting contacts and sources

    • network – expertise oriented; know when they need experts and how to use them effectively

    • face adversity – resolve problems under pressure; turn problems into opportunities

    • manage risk - not adventurers, but manageable risk takers; their success lies in caution, learning, flexibility and change during implementation

    • control the business - pay attention to details and essential ratios; exercise strategic control over their business

    • put the customer first - listen to the customer and respond to the customers' feedback

    • creates capital - financial, social, and aesthetic

The Critical Role of Your Business Model

Business model converts innovation to economic value for the business. The business model spells-out how a company makes money by specifying where it is positioned in the value chain. It draws on a multitude on business subjects including entrepreneurship, strategy, economics, finance, operations, and marketing... More

The Art of Innovation: 9 Truths

By: Guy Kawasaki

  • Break down the barriers. The way life should work is that innovative products are easy to sell. Dream on. Life isn't fair. Indeed, the more innovative, the more barriers the status quo will erect in your way. Entrepreneurs should understand this upfront and not get flustered when market acceptance comes slowly. I've found that the best way to break barriers is enable people to test drive your innovation: download your software, take home your hardware, whatever it takes.... More

DOs and DON'Ts of a Successful Innovator

By: Peter Drucker

DOs

Start small – try to do one specific thing...

DON'Ts

Don't undershoot, or you will simply create an opportunity for competition... More

Inspirational Business Plan: Successful Innovation

Growth Strategy: "Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth." – Peter Drucker... More

 Case in Point  Steve Jobs

Steve Jobs is one of the most successful entrepreneurs of our generation. His success story is legendary.

Put up for adoption at an early age, dropped out of college after 6 months, slept on friends’ floors, returned coke bottles for 5 cent deposits to buy food, then went on to start Apple Computers and Pixar Animation Studios.

On June 12th 2005, Steve Jobs gave the commencement address at Stanford University. He revealed the two secrets of his great success:

  1. Find your true passion and do what you love to do.

Steve Jobs' 12 Rules of Success

  1. Make SWOT analysis. As soon as you join/start a company, make a list of strengths and weaknesses of yourself and your company on a piece of paper... More

Venture Financing

Technology ventures demand an unbroken financing chain, from pre-seed capital to stock market. The financing chain is no stronger than its weakest link.

High-tech start-ups usually go through multiple funding rounds. Equity financing conventionally follows the below trajectory:.. More

Find a New Business Idea

 

"How do you find a new product or service, recognizing that 80 percent or more will be new in five years? Here's a series of ideas. Number one, begin with yourself," advises Brian Tracy. "Begin with your own talents, your abilities, your experience, knowledge, interest, background, education, and so on. Look carefully at your current work, your current business, your current position, or your current product or service. Seek for what is called your own acres of diamonds. Look under your own feet."... More

SWOT Analysis: Questions To Answer

  • What is your strongest business asset?

  • What do you offer that makes you stand out from the rest?

  • Do you have any specific marketing expertise?... More

Two Rules for Business Start-Ups

Entrepreneurship is the art of finding profitable solutions to problems. Every successful entrepreneur, every successful businessperson has been a person who has been able to identify a problem and come up with a solution to it before somebody else did. Here are the five rules for entrepreneurship... More

7 Simple Steps to Small Business Success

Many businesspeople achieve their greatest successes in unexpected areas. They begin a business and then they find that it isn't as profitable as they had anticipated, so they change direction, using their experience and their momentum, and strike paydirt in something else. The most important thing is to begin. To take action. To move forward one step at a time, learning and growing as you go. There is enough information available in virtually every field for you to become knowledgeable enough to achieve success. But action is necessary.... More

12 Reasons Why Start-Up Companies Fail

  1. Inadequate planning of the business

  2. Inadequate planning of the business

  3. Inadequate planning of the business

  4. Insufficient initial capital for start-up period and development stages due to inadequate planning... More

Guidelines for Getting (and Keeping) Funding in Today's Market

 

 

 

 

 

 

 

References:

  1. Entrepreneurs, Bill Bolton and John Thompson

  2. High Tech Start Up, John L. Nesheim

  3. "Money Hunt", Miles Spenser and Cliff Ennico

  4. Direct from Dell, Michael Dell with Catherine Fredman

  5. Innovation and Entrepreneurship, Peter Drucker

      

 

Resources:

  1. Business On the Mound – Helping Your Startup Business To Hit a Home Run

Ten3 Global Business Learning Report

Entrepreneurship

Africa    Asia-Pacific    Europe    North America    South America

Ten3 MINI-COURSES (presentation) PRESENTATION: What Business People Strive To Learn in Different Countries Presentation: What Business People Strive To Learn in Different Countries (Ten3 Global Market and Cultural Intelligence Study by Vadim Kotelnikov) Ten3 Business e-Coach (full version) SMART ENTREPRENEUR (Set of Ten3 Mini-courses) Ten3 BUSINESS e-COACH at 1000ventures.com Ten3 Study: GLOBAL OVERVIEW Regional Profile: AFRICA Regional Profile: ASIA-PACIFIC Ten3 Study: EUROPE Regional Profile: NORTH AMERICA Regional Profle: SOUTH AMERICA

 

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