the six essential skills of extraordinary entrepreneurs
TRANSCRIPT
THE SIX ESSENTIAL SKILLS OF EXTRAORDINARY ENTREPRENEURS
ISLAM ELZAYAT
OUTLINE
What is Entrepreneurship
Entrepreneurship Vs. Social Entrepreneurship
The Six Essential Skills of extraordinary entrepreneurs
Create Your Own Finger Print
Let's Start Right Now
ENTREPRENEURSHIP
The capacity and willingness to develop, organize and manage a
business venture along with any of its risks in order to make a profit.
. الموارددون النظر إلى السيطرة على فرصة الوراء السعي
THE ENTREPRENEUR
الشخص الذي ينشأ عمالً حراً يتسم باإلبداع و يتصف بالمخاطرةهو رائد األعمال.
Someone who creates a new opportunity in the world of business and
assembles the resources necessary to successfully exploit that
opportunity.
ENTREPRENEURSHIP SPIRIT
Innovation
Risk taking
Speed of wealth creation
Value added
Visionary
SMALL BUSINESS OBJECTIVES
Stay small
Stay in traditional line of business/industry
“Copy Cat” strategy
Provide a job/lifestyle for themselves
Little industry impact
SOCIAL ENTREPRENEURSHIP
An innovative business / NGO whose core mission is to maximize social
and/or environmental impact
Address social problems or needs that are unmet by private markets or
governments
ENTREPRENEURSHIP VS. SOCIAL ENTREPRENEURSHIP
Conventional Entrepreneur Social Entrepreneur
Individualist Vision Community Vision
Goods and Services for Market Goods and Services for
Community
Focus on the Market Focus on the Solution of Social
Issues
Traditional Performance
measures (Profit Growth )
Performance Measures are
Social Changes
1- FIND THE GAP
You must keep your eyes open for fresh potential, a vacuum to fill, or
an unmet need.
Find innovative ways to fill this gaps
2- DRIVE FOR DAYLIGHT
Just as race-car drivers keep their eyes fixed on the road ahead
You must focus on the future, know where are you go.
Don’t concern about the constraints of your “lane” or the position of
your competitors.
3- FLY THE OODA LOOP
4- FAIL WISELY
A series of small failures is essential to avoiding catastrophic mistakes
You must test ideas in low-risk environments as an inexpensive way of
gathering insights to determine whether a product or idea will take off.
5- NETWORK MINDS
Entrepreneurial success, involves solving multifaceted problems with
the help of a diverse group of thinkers.
They build on each other’s ideas to overcome the problems that arise
in growing their businesses.
6- GIFT SMALL GOODS
Entrepreneurs who build positive relationships by looking for ways to
provide help gain a competitive advantage.
Offering kindness may not seem like a skill, but it is an essential way that
entrepreneur strengthen his/her relationships.
YOU MUST KNOW
No special expertise is required to master the six skills.
You don't need credentials or degrees.
The ability to turn ideas into sustainable enterprises is available to
anyone willing to learn and work.
YOU MUST ALSO KNOW
Everyone has strengths in certain skills and weaknesses
in others, the more we exercise and increase our
proficiency in each, the more we will be able to make
the most of every opportunity.
REFERENCES
http://amywilkinson.com/
http://preneur-masr.com/
http://www.businessdictionary.com/
http://www.businessinsider.com/
http://www.positivelypresent.com/
