Video Sharing: The Secret of a Serial Entrepreneur
I found out this inspiring videos on Entrepreneurship. It really blown me up. The public speaking is so amazing and the topic extremely interesting. hope you enjoy….
Summarise of the video:
- In a Public Speaking session, 30% audience will follow the talk, 20% will be day dreaming, and the 50% will be engaging in sex fantasy.
- 6 phases of entrepreneur: Start -> Innovate -> Sell -> Hire -> Partner -> Finance
- Common mistake of entrepreneurship, they don’t see "Marketing", "Building Brand".
- Start Part
- Am I passionate enough, do I think I could make a difference.
- What you are trying to do is UNKNOWABLE by its nature.
- There is NO EXIT STRATEGY for entrepreneurs, the end game is to earn lots of money, and you won’t know how much…
- Entrepreneurship is about the Start, is not about finishing. you start you learn, is a marathon.
- The will, passion and determination that the only thing entrepreneur has.
- Innovate Stage
- What is the key insights, unique, and sustainable advantages in the model?
- Rapid development and iteration.
- Galvanizing events.
- Sell ( this is the part I don’t really understand)
- Marquee Account, Referenceable User….
- New pain point – Finding out your real business.
- Cost of customer acquisition and LTV
- Does it scale?
- Hire
- Big companies, hires extraordinary people and force them to do ordinary work. Startup hires ordinary people and inspired them to do extraordinary work.
- Established company, will hire 3 people to do the job of 1. Startups will hire 1 person to do the job of 3. (the 1:3 rule.)
- Fire yourself and contract everyone. Hiring long term employees are more costly for startups….
- Work is more important than advice.
- leveraging on "Client Development Programs".
- To keep your contractors fire up with work, advertise every position in the company every 6 months.
- Partner
- Finance
I am lazy to write… the rest is up to u to explore. 
Can my ideas work? Can my business model work?
Can my ideas/business model work? From time to time I may feel doubtful on the ideas that I am working with. I believe every startups may have the same question as I do. Not to mention, for those who has an idea and are still afraid to make the move to face the challenges, maybe the following tips that I used to self hypnotize myself may ease you in making your decision.
If Thomas Edison did not invent the light bulb or if Graham Bell fails to create a telephone. Do you think you still could still see in the dark without wood and fire, or do you think you could communicate with your loves one over a far distance. How many times do you think they have failed?
If you said you wish to fly in the sky today, no one will annoys you, because the teasing has been ended since the The Wright Brothers invented the first airplane.
Thomas Edison started today’s world famous General Electric and Graham Bell owns a Bell Telephone Company that has evolved into today’s AT&T (American Telephone & Telegraph Company). Hence, there must be something in common that these inventors/entrepreneur possess to make them what they are today. There are 3 things that I always keep in mind, which I am still learning to master it.
- Thick Face – Prepare to be called an Idiot. Are you ready to face the laughter, annoys, teasing, and harassment from your loves one and friends.
- Passionate and Determination – Are you able to accept failures! Fail and Restart all over again? Do whatever it takes to make things happen?
- Believes - Do you believe in what you are doing? do you believe in your idea? Do you believe everyday is a great day?
When someone pointing at you saying that your ideas won’t work. Are they really saying that the ideas will not work? or are they saying that they themselves are not able to do it? or is there a flaws in your ideas like for example, the targeted market, competitive advantages, the niche in your product that you have miss out? So, you should be glad that some one is telling you that your ideas don’t work, because opportunities still lies ahead of you.
The above mentioned items is generally known by everyone, however, how many did manage to master it? Saying is easy, Mastering is hard. Starting is always the hardest part, to really kick start an idea, first must master the above mentioned items. Next you should look at your approach, strategy, marketing, product niche and etc that will determine and strengthen the success to your ideas.
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About
Life is interesting, its all about experimenting, trial and errors and self improvments. This blog is all about my personal experience. I am full with ideas, and i will achieve every one of them step by step.