The Realities and Rewards of Entrepreneurship
Entrepreneurship is more than just about money - it comes with challenges like loss of personal life, doubt, and financial risks. However, it offers rewards like setting your own goals, innovating, and believing in yourself. The journey involves perseverance, focusing on niche markets, and minimizing management layers. Ultimately, the sacrifices are worth it for those who have the passion and curiosity to take on the entrepreneurial path.
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Presentation Transcript
WHATS ENTREPRENEURSHIP? WHY SHOULD I BE ON MY OWN? IS IT JUST ABOUT THE MONEY?
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NO MAGIC FORMULA NO HOW-TO CATALOG NOT A GUIDED TOUR
LOTS OF INFO / YAPPING / B.S. OUT THERE: ASK 5 PEOPLE YOU LL GET 50 DIFFERENT TAKES KEEP ASKING ANYWAY
IN THE LAST 25 YEARS THIS IS WHAT LEARNED/ EXPERIENCED/BELIEVED
The Ten Commandments of Entrepreneurship: I - Set your goal and go for it. II - Be tireless and persevere. III - Focus on niche markets. IV - Be decisive and implement decisions quickly. V - Listen and be responsive to customers, suppliers, employees, and investors. VI - Maintain CFN Cash Flow Now. VII - Innovate. VIII - Minimize layers of management. IX - Maximize profits by keeping costs low & productivity high. X - Believe in yourself. From a Goal is a dream with a deadline by Leo Helzel.
THERE IS A (HEFTY) PRICE TO PAY LOSS OF FRIENDS / PERSONAL LIFE FEELINGS OF PAIN COUPLED WITH FEELINGS OF GOING CRAZY DOUBT YOURSELF TO THE LIMIT OF GIVING UP LOSS OF MONEY (SO MUCH MONEY TO THE EXTENT SEE ABOVE) DISCOURAGEMENT BY EVERYBODY / GRIEF BY EVERYONE DEVELOPMENT OF WEIRD HABITS / BECOME WEIRD YOURSELF (BY SOCIETY S STANDARDS)
NOTHING MORE DANGEROUS THAN THE ILLUSIONARY SAFETY OF AN END OF MONTH SALARY
BE CURIOUS FIND YOUR PASSION (NO CLEAR HOW-TO FORMULA)
KEEP LEARNING
BUSINESS DOES NOT EXIST TO MAKE PROFITS IT EXISTS IN ORDER TO BENEFIT SOCIETY PROFIT IS SIMPLY SOCIETY S REWARD FOR A JOB WELL DONE KONOSUKE MATSUSHITA Founder of Panasonic
THE GOAL IS NOT TO MAKE MONEY
THE GOAL IS TO MAKE A DIFFERENCE WHILE BEING PROFITABLE
WHAT IS IMPORTANT IS TO KEEP LEARNING, TO ENJOY CHALLENGE, AND TO TOLERATE AMBIGUITY. IN THE END THERE ARE NO CERTAIN ANSWERS. MATINA HORNER
If you want a copy of this Presentation email me: ziad@cedarenv.com Thank you for your time
