entrepreneurship development: the recipe and the magic formula?
DESCRIPTION
A brief description of the entrepreneurial journey, the ingredients of success and if there is really a silver bullet.TRANSCRIPT
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Over the years, the recipe for stimulating entrepreneurs
changed with our generation, ecosystem and time. We cannot
create entrepreneurs today with yesterday’s magic formula.
Look around you! Is fuelling your dream easier today? With
what can we REALLY fuel our dream? Can you get from here to
there?
Let’s venture together on an entrepreneurial journey. This is
where YOUR adventure begins.
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NOW
THEN Entrepreneurship Development:
The Recipe and the Magic Formula?
Words by Dr. Ed Canela Graphics by Google Images and private collec:ons Contact: ed.canela@gmail, FB: facebook.com/edcanela, @edcanela1,
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Here
ED is the process
of conceiving,
starting,
developing,
promoting,
growing, scaling-
up and exiting
from an
enterprise
adventure.
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How? Macro: Policy and Ins:tu:ons Micro: Individuals and Groups, Players and Ins:tu:ons
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In micro, TOO
Many
Hardships may only come
from the outside (MACRO), but failure can only come
from the inside (MICRO)!
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There’s the SYSTEMATIC view..... academic, banks, etc.
This is the
Formula of all ED
courses
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Then, there’s
the JUST DO IT
view.....
Practical,
school of
experience
No one can teach
you this method.
You need passion,
hard work, &
lots of luck!
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NOW
THEN INGREDIENT 1:
YOU & YOUR TEAM
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LIFE is the toughest school.
YOU never know what class
YOU are in, what exam YOU
will have next and YOU
cannot cheat because
nobody else has the same
question paper. It’s just
YOU, the road, and YOUR
choices!
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-don’t like the status quo -like to make this world a better, brighter and happier place -suspect tradition -reject conformists -loathe mediocrity -like to be a pioneer, founder renegade, visionary, innovator -do not like to sell out to safety nets and benefits
Are an
entrepreneur?
You are if you;
-refuse to play by the rules imposed by others -are not a cog in another person’s machine -clocks make you shudder -don’t give up easily -loves to sell -don’t like predefined paths -have strong self-belief -are soooo passionate -sees opportunities everywhere -know you need others to help -uncomfortable working for others
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They are getting younger!
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Your Team
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I like to add:
The StoryTeller
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NOW
THEN INGREDIENT 2:
YOU & YOUR IDEAS
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I bet you
only have
one!
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BUT what
if you
fail?
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IDEA Management
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LIVE
CREA
TIVELY
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Look at our enterprises today…..
Its not impossible, its just that no one has done it yet!!!
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You can change your
direction overnight, but
never your destination
When you have decided on
the idea, woNDERFUL things
start to happen...
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NOW
THEN INGREDIENT 3:
YOU & YOUR PLAN
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Venture Capitalist, Angels
Mentors & Friends
Poten:al Partners
Incubator Suppliers
Lawyer
Customers & even more customers
THE PLAYERS
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1. Customer Journeys & Empathy Map
2. Business Canvas
3. StartUp Readers
4. Pitching
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Don’t let
someone who
gave up on
their dreams,
talk you out
of yours!
When something is not
working, don’t change
your dream. Just change
your approach.
At this stage, share your
ideas, test your
assumptions, try to make
things REAL, Fail quickly
with little pain, repeat
until SUCCESS! Together!
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NOW
THEN INGREDIENT 4:
Do it well
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RECIPE for SUCCESS:
Heat up an idea
Take ACTION
Mix it up with
DESIRE and PASSION
Then add a dash of
PERSISTENCE.
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Success is no
accident.
It is hard work,
perseverance,
learning, studying,
sacrifice and most of
all, Love of what
you are doing. Pele
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Be aware...ALWAYS!
Life has 2 rules:
1. NEVER Quit
2. ALWAYS remember Rule 1.
The future belongs to
all who prepares for it.
TODAY.
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Never get so
busy making
a living that
your forget
to make a
Life
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For mentoring Contact me: ed.canela@gmail, FB: facebook.com/edcanela, @edcanela1, LinkedIn