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:

  1. 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.
  2. 6 phases of entrepreneur: Start -> Innovate -> Sell -> Hire -> Partner -> Finance
  3. Common mistake of entrepreneurship, they don’t see "Marketing", "Building Brand".
  4. 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.
  5. Innovate Stage
    • What is the key insights, unique, and sustainable advantages in the model?
    • Rapid development and iteration.
    • Galvanizing events.
  6. 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?
  7. 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.
  8. Partner
  9. Finance

I am lazy to write… the rest is up to u to explore. :P

December 29, 2008 | Filed Under Uncategorized 

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