EntrepreneurshipPresentation Introductory slide about beginning an entrepreneurial venture including risks, rewards, and tips for success.
Introduction to Entrepreneurship Entrepreneurship is the process of designing, launching and running a new business This involves identifying opportunities, assembling required resources, taking risks and making proﬁts. Entrepreneurs innovate new products and services They identify customer needs and use creativity and determination to meet those needs. Entrepreneurship contributes to economic growth It creates jobs, fosters innovation and revitalizes communities. In summary, entrepreneurship involves turning innovative ideas into successful businesses. It is an important driver of innovation, job creation and economic growth.
“"Entrepreneurs are great at dealing with uncertainty and also very good at minimizing risk. That's the classic entrepreneur."” - MOHNISH PABRAI
Elon Musk Elon Musk is a South Af rican-born American entrepreneur and businessman. He is the founder, CEO and chief engineer of SpaceX; early investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI. He was elected a Fellow of the Royal Society (FRS) in 2018. Also in 2018, he was ranked 25th on the Forbes list of The World's Most Powerful People, and was ranked joint-ﬁrst on the Forbes list of the Most Innovative Leaders of 2019. As of February 2022, he has a net worth of $220 billion, making him the richest person in the world.
Startup Team John Doe CEO Bob Johnson CFO Jane Smith CTO
ClearCo ClearCo is an innovative startup that has developed groundbreaking technology to ﬁlter water using solar power. Their systems provide clean drinking water to communities in developing countries.
Startup Funding Sources Crowdfunding platforms An image of a crowd of people on laptops visiting a crowdfunding website to support entrepreneurs. Government grants An image of a government ofﬁcial handing over a giant check to an entrepreneur as grant funding. Angel investors An image of a business angel handing a check to a smiling entrepreneur. Bank loans An image of an entrepreneur smiling and shaking hands with a bank loan ofﬁcer. Venture capital ﬁrms An image of a handshake between an entrepreneur and a venture capitalist with money changing hands.
Comparing Business Models Business Model Revenue Model Ecommerce Product sales Subscription Recurring fees Advertising Ads *Research from ABC University
Top Startup Accelerators
Startup Launch Process Hire team members, develop business processes, and build infrastructure to support growth. Scale the business Conduct customer interviewsand surveys to conﬁrm the problem exists and is worth solving. Validate the problem Research market trends, analyze consumer pain points, and ﬁnd underserved needs. Identify problems worth solving Employ marketing and sales strategies to acquire new customers and grow product adoption. Grow the user base Develop a minimum viable product that addresses the core problem with basic features. Design an MVP Pitch to investors and secure seed funding to scale development and operations. Raise funding Release MVP to early users, gather feedback, and reﬁne product through multiple iterations. Test and iterate
Tips for Entrepreneurs Find a problem worth solving Look for issues people face regularly that can be solved with a product or service. Validate your business idea Test your idea early on to see if people are interested and willing to pay. Build an MVP Create a minimum viable product to get to market quickly and start learning. Raise funding Seek investments from angel investors, venture capital ﬁrms or crowdfunding platforms. Hire a talented team Partner with driven, skilled co-founders and employees who complement your skills.
Startup vs Small Business A comparison of key metrics (in millions of dollars) 2 Average Annual Revenue 10 Average Valuation 5 Average Funding Raised