Entrepreneurial EE-3

Module 1
Saad Fazil
Maleeka Saqlain
Module 1: Introduction &
Perspectives
1.What is Entrepreneurship?
2.Entrepreneurship vs. Corporate
3.Necessary Ingredients
4.Trait of a Good Entrepreneur
5.Business Plan
6.Team
What is Entrepreneurship?
Starting something that can have a huge impact
Joining a start-up
Being entrepreneurial in any setting
Scaling Vision, Product, and Yourself
Entrepreneurship vs. Corporate
Pros
You do get salary
Equity that might mean something HUGE or nothing at all
Wear multiple hats
Learn business insights
Create great relationships
Find your true potential
Build an impressive portfolio/CV
Entrepreneurship vs. Corporate
Cons
Your life becomes 2nd priority
Peer pressure (my friend is a manager at MNC/
etc)
You become too blunt, impatient to fit in most MNCs
High risk
Necessary Ingredients
Idea
People
Customers
Raising Money
Traits of a Good Entrepreneur
Tenacity
Passion
Self-belief
Tolerance of ambiguity
Vision
Flexibility
Rule breaking
Business Plan
Company purpose
Problem
Solution
Why now?
Market size
Competition
Product
Business model
Team
Financials
Team
It's usually better to have a cofounder than go it alone
Hire the best people you can find
Diversity/complement