Entrepreneurship at Montgomery College speech
I want to thank Steve Lang and Elana Lippa for inviting me to address you today. Theme of my speech is “Entrepreneurship and Leadership.
What is entrepreneurship?
entrepreneurship is a lifestyle. It is a powerful, deep inside, you’ll realize your dreams, in spite of bad ratings and doubts of others.
I’m sure many of you here today have the will, the drive and the dream of becoming entrepreneurs. Dreams give us the strength that carries us through. In fact, I often thought that perhaps we do not have to carry the dream, but dream that brings us .
I love entrepreneurship. There’s nothing like the excitement, glory, pleasure and excitement of starting something simple from scratch and watched it grow into a great company of remarkable proportions. If you have the opportunity to be an entrepreneur, go ahead. Find passionate people and motor and drive. Give them the necessary resources, then we are giving them something to breathe oxygen.
I can not stress enough how determined you need, because the road to success is neither quick nor easy, because statistics also reveal the following opinion: br />
Only 1 6000000 ideas for high tech companies to IPO
Venture Capitalists Fund less than 1% of business plans they receive
CEO and founder of high-tech companies generally own less than 4% after an IPO
60% of high-technology venture capital finance may go bankrupt
It takes 3-5 years after its IPO for most high-tech companies finally succeed1 < , br />
; course, it is not easy being an entrepreneur technology. Many fail at some point, and we must learn to cope with high doses of frustration, exhaustion and disappointment on the road. > Why become an entrepreneur?
true entrepreneur is a rhetorical question. For the budding entrepreneur, there are at least three main reasons:
The First is a desire to create something new and useful. “To date” is a mantra necessary. The technology entrepreneur aims to fill a market and develop a solution – perhaps a better communication tool, an improved optical switch or a more rapid bioinformatics.
Too many people confuse this creative problem solving real business with the research process of technology companies only on the market hot for new business development, which they imitate. Remember you hot tech companies are hot because they are trying to solve a problem. copiers have identified a problem or created a solution. They just jumped on the last train coming down the road.
The SECOND technology entrepreneurs is to build something that will last forever. The Contractor shall always keep ahead of the pack to support the company as profitable businesses .
Risk-taking is absolutely crucial because it is innovation that keeps your competitive advantage in a world where never catch up and surpass competitors’ business stagnating yields. Therefore, is at the forefront of the utmost importance. We must leave our comfort zone to venture into new horizons and experience new environments. We need not fear the Taking Chances. If we fail We just have to get up and try again. Maybe we will not more … but we must try again. Success teaches you how to move forward, but failure teaches you never go back back. Thus, the failure of the first step towards success.
The third / motivation strong> of the contractor, is to have freedom. His own boss has some appeal. glass ceilings cease to exist and performance is limited only by imagination. Contractors are motivated to achieve control over their work and their flexibility and their dreams. But freedom always has a price. With greater personal freedom, but also greater uncertainty about the future, especially in finance. A greater personal freedom, is also less structured environment in which greater self-discipline is necessary to prosper. entrepreneurs are willing to accept those risks, but because of their absolute conviction that they have what it takes, every conflict has to overcome.
If these three ideals are not motivieren, then the fact should be wiped gedacht /> contractors. If a substantial amount of money the individual seems to be blatantly missing from the list of the main goals is because he is not a primary motivating factor. These three objectives are not shared by all and are not suitable for many. Only those that these objectives should be to find the entrepreneurship course kissing.
What qualities make a special business?
Passion is what entrepreneurs should first and foremost. You must live and breathe for their company. They are fond of their business models and the gospels of their products or services. You have to be. If they do not, stress and financial burden of running a young company would be completely eliminated. The size of the likelihood that are stacked against the employer, it takes a special kind of irrational exuberance to overcome. Without passion, it will never be enough resources and they dissolve quickly in the air. But your love will always find a means, even if the probabilities are conspiring against your dream. Entrepreneurs unshakable confidence and enthusiasm for their operations, the contagious spread of their sales team.
Laser Focus is another characteristic of the entrepreneur. Many people are creative, but not disciplined enough. The contractors, however, two qualities. If the focus is not a business it is to plant seeds for future problems. An entrepreneur identifies a path to a solution and follows that path, despite the temptation to take frequent streets leading apparently newer, more exciting destinations. The entrepreneur knows that most of the trip is checkered on the road the chore, but remains resolutely on the road convinced it will be a reward in the end. The Contractor is also known as secondary roads along the way may seem at first sight attractive checkerboard, but fast with difficulty, as originally chosen way and likely to lead to an impasse.
Focus is power. It creates a strong perception of the solution in the minds of your customers, employees and competitors.
Courage is a characteristic of entrepreneurs. To understand the above the chances of success against, and are still many battles are lost along the way, you need a certain level fear. Contractors are used to their tactics and can think on their feet. But they are regularly faced with enormous challenges in overcoming their inability to be certain disaster for their operations ban. Your ability to meet these challenges without fear allows entrepreneurs to succeed where others can not.
entrepreneurs as leaders . Contrary to popular belief, entrepreneurs, wolves Mavericks prefer single parents, entrepreneurs, visionaries who can lead and inspire their colleagues. Few things are more convincing than those who are passionate about their work, the discipline to achieve success, and courageous in their Outlook. An entrepreneur is the team building and trust in others.
And, of course, an entrepreneur always look ahead, always moving in the direction of established goals. continued expeditious progress is a registered trademark. > How a student can take the path of entrepreneurship?
As mentioned above, we can learn the basics of entrepreneurship. But like everything else, it takes discipline and practice. This means that the formation of your opinion on various issues that prevent you from dealing with a student and place the other side to identify the opportunities inside.
For example, if the prediction of test questions is just a small problem, consider a system developed that makes this easier. Maybe a database of all previous test questions with better answers could be developed with a monthly subscription business model. Perhaps the database could be expanded to all universities, making it more comprehensive and can appeal to a broad customer base.
Chances are, the problems you encounter will be confronted by others and the people most affected more likely. Thus the new enterprises are established business – the research questions pandemic that currently lack solutions. Please note that Google was started by students, Facebook was created by a student, and Microsoft was founded by Bill Gates as a student. The odds of being an entrepreneur is all around you now, if you have time to check your challenges and filtered through the prism of economics.
leadership
Once you have created a company and seized the opportunities offered by the horns, of course, you must manage it effectively. And this means that the design of your ability to drive – a feature of the contractor, as already discussed. So, what it takes to be a good leader, besides the obvious characteristics of passion, disciplined and courageous? In the world today, it also means compassion, transparent, objective and humble.
was used to ensure that companies were only evaluated on two parameters: (1) their ability to produce cash flow, and (ii) its ability to innovate. But now, companies are also on how they perform as citizens of the companies evaluated. A business of will, things for the common good and socially responsible thing to do an essential service. Compassion is important. For example, ExxonMobil produced record profits and churning out new technology faster than ever. But they are on the market because of a perception that they are greedy complete without sympathy for the plight of the middle class a difficult time for the payment-ups have denigrated to the station. Certainly it is not good for the preservation of shareholder value. Young entrepreneurs have to the need to be socially responsible when it opens the way for the future are considered.
Transparency is also crucial. Investors and the market to make decisions about your business in part because of the trust. People are always willing to pay a premium for peace of mind and integrity. To build trust, a company must be transparent. Everything that is hidden from the eyes causes of suspicion and undermine trust. This means that for business decision making, financing and operation will be visible to key stakeholders. Sometimes it’s hard to be transparent as to feel that you are vulnerable. But good leaders are simple and are ready to be placed under the microscope, if necessary.
A logical consequence of the transparency, objectivity. A good leader makes decisions on facts and well thought out and clearly articulated strategy. The rationale for all decisions must be clear to viewers based and fully justified on objective criteria. Trust is seen not only the possibility of everything that happens – and, ultimately, objectivity of the decisions.
Of course, if you get it right, and can achieve excellent business development through a true leader is humility necessary to maintain your following. Customers, investors and employees to stick with you not only respect for your accomplishments, but because they become true friends. Your ability to share credit with others, a sudden labor, and support of others is what creates your personal brand and corporate identity. It is no coincidence that most entrepreneurs are also the most revered philanthropists. Warren Buffet, even though he is the man the richest in the world, quickly jump to other credit and still lives in the same middle class house he bought decades ago. Humility, and not to take away your services, helping to build. ” , br />
Before becoming a leader, you must first focus on growth itself. Having a leader, success is far from be completed in full growth. Some of the other elements of an effective leader:
*
executives have a clear vision and ensure that others not only see but also live and breathe.
*
leaders create environments where you are really committed.
*
Leaders relentlessly upgrade their team at each meeting as an opportunity to evaluate, coach and self-confidence.
<* / strong> < , br />
leaders exude a positive energy and optimism that goes into each skin.
<* / strong>
leaders have respect for all people.
<* / strong>
Leaders give credit to others …. and often take the blame when something goes wrong.
<* / strong>
Leaders establish trust through openness, transparency and give credit
<* / strong>
leaders to act with integrity, despite the difficulties.
< * / strong>
leaders have the courage to make unpopular decisions and gut calls.
;
<* / strong>
The leaders of the probe and push eighth with a curiosity that borders on skepticism to their questions are answered action.
<* / strong>
; leaders balance risk and return.
<* / strong>
< br /> Leaders see the mistakes learning opportunities.
<* / strong> < br />
leaders are strict, but fair.
<* / strong>
leaders are enthusiastic.
<* / strong>
Leaders allow all parties.
<* < ; strong> / strong>
The leaders are hard. .. still tender.
inspire
< , br /> *
leaders, by the example of learning.
<* / strong>
leaders celebrate. would
few words to say, my own experience as Chief management. I used a highly oriented vision in a society which highly concentrated all employees knew exactly what was expected of them and that’s exactly what they have delivered promised. I people at all levels, special tools and measures and fact-based decision-making prevailed. Managers at all levels of honor in my company, the obligations they focus on disciplined meetings, decisions and measure progress against objectives. I’m surrounded by great artists, delivering results.
Thank you for giving me the opportunity to speak with you today . Thanks for your time and your commitment to a difference in the lives of others to do with entrepreneurship. I wish you every success in the future, and we rejoice when our paths cross again. I am convinced that you reach your goals. I’m sure you will rise to the challenge and turn your passion into profit.
Remember that no matter how stiff neck, or how rate of size, I implore you to never give up your goals.
There are so many facets of leadership that embraces you as a young entrepreneur, in addition to working hard to live the life of an entrepreneur. It is not easy, but nothing the fight against the value is a value. I encourage you all to entrepreneurship and to show that Montgomery College can continue to produce large companies to consider tomorrow. I hope to start some of you this way today.