To get rich?

Entrepreneurship

Murtuza Rohawala
murtu007@gmail.com
 Session Overview
• Why Entrepreneurship?
• Building the Enterprising Mindset
• Where to get the ideas?
To get rich?
• Turning Ideas into Opportunities
– 5 Q Model
• Activity  Sinclair C 5
• AV – Art of the Start
 Why Entrepreneurship?
Let’s begin with “why”:

– To manage your own destiny?

– Follow a passion?
– To get rich? To get rich?
– Just got laid off or no job?
– Sense of accomplishment
– Scratch an itch?

There are lots of valid reasons to become an

entrepreneur, but you’d better know your
reason.
 Building the Enterprising
Mindset
• Self Confidence
• Discipline
• Goal Orientation
• Flexible & Opportunistic
To get rich?
• Calculated Risk Taking
• No Ego
• Optimist
• Macro Thinking
• Love for Money!
 Building the Enterprising
Mindset
• It takes a lot of hard work, good timing,
and luck to make a successful company.
– You don’t control all these factors.
– The buck stops with you.
To get rich?
– There are many forces conspiring against you.
• Learn to follow your strengths and mitigate
your weaknesses.
– Find a partner.
– Ask for help.
– It’s ok to screw up, but learn.
 Need for Enterprising Mind
• Start Up Entrepreneur
• Family Business Entrepreneur
• Corporate Entrepreneur
To get rich?
• Business Associate who works with
Entrepreneurs
 Where to get the Ideas?
• Unexpected Occurrences
• Incongruities
• Process Needs
To get rich?
• Industry & Market Changes
• Demographic Changes
• Changes in Perception
• New Knowledge
Turning Ideas into
Opportunities
The 5 Question Analysis

To get rich?
 5 Q Analysis
1. What important customer problem
can you solve?

To get rich?
How painful?
How valuable?
 5 Q Analysis
2. How are you going to do it?

Business model:
Product To get rich?
Distribution
Location
Technology/Innovation
Service
Brand
 5 Q Analysis
3. How many customers are there that are
willing to buy from you?

How many customers are there? (Market

To get rich?
size)
How many will buy from you? (Market share)
Who will be your first customer (besides your
f&f)?
Who will be your 100th?
 5 Q Analysis
4. Why can only you provide the
solution?

To get rich?
How are you unique? What do you
provide
that nobody else can?
 5 Q Analysis
5. How can you defend against
others?

To get rich?
Location, brand, patent (or other IP),
great
service, great taste, great fashion
sense….
 Activity # 1 – Sinclair C 5
• Sinclair C 5
– 5 miles/penny
– No petrol/oil
– Push button start’
To get rich?
– No license No road tax

– A early hybrid vehicle (human /electric) - the

Sinclair C5 - a recumbent tri-cyle which used
the motor from a washing machine and a
small capacity/heavy lead acid battery
Thank You !
To get rich?

Questions ??