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Sometimes when we think of the big names in the entrepreneurship field as Elon Musk Mark Zuckerberg
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and Bill Gates Steve Jobs we always look and define the results or where they have reached.
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At the end of their journey.
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But let me tell you ladies and gentlemen that to look for this success you need to look for the whole
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journey.
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Those people that I have stated the names they have suffered a lot through their journey of success.
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This is why it is called The Journey of success.
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Any entrepreneur is not successful.
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From the first day in this session I'll be giving you the 12:00 entrepreneurship aspects how to be a
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successful entrepreneur.
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First aspect is learn by doing.
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When I say Learn By Doing this means that you need to practice well maybe studying is important but
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it's not going to give you the whole picture.
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Practice by doing.
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And don't be afraid of failures.
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The second thing is get some experience and maybe you have an idea of a mobile application or a new
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product or service.
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But being powerful is by getting some experience from experts.
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Try meeting people you know are professional in the same field try to work with them even for free.
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Your aim is not to be employee but your aim is to get more experience as to develop your service and
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product and this will never come without meeting the experts or people working in the same field.
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The third thing you will earn you will learn more in company than college.
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After you graduate you will have some time to work in any corporate experience you will get is not only
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technical but you will gain experience in dealing with people understanding systems.
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So working in a company giving you life experience more than its technical but as stated in the previous
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point to get your technical experience meet the experts.
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Number four choose your measure carefully.
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I have studied engineering.
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The major thing that differed with me is how to think and how to solve problems.
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Choosing your major carefully is important because more than four years of studying you either you will
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be eager to know more or you will be so lazy and wish to finish your use of studying.
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Number five great companies takes time to grow.
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There is a wrong concept for entrepreneurs that startups grow fast.
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Ladies and gentlemen Uber was founded in 2009.
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The revenues are more than 11 billion U.S. dollars and they make zero profits.
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That doesn't mean that they are not successful.
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But on the contrary it is one of the most successful startups.
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But it takes time to grow and make profits.
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It needs patience and persistence.
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It needs to believe in your vision and keep looking for growth.
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Number six.
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Venture capitalists and investors are not the only way.
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There is another wrong concept about startups that the only way to grow is when you get investment with
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millions of dollars.
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Let me give you an example.
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Several startups that started with a little or no money and made growth then they got and then they
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got an investment.
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For example Shopify which is a platform for shopping for shopping renting solutions MailChimp which
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is which is a market and sales platform marketing and sales platform.
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Shutter stock is a photo library and now they are worth more than 2 billion U.S. dollars and they didn't
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get an investment from the beginning.
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And finally our last example is Sky Scanner where they reached more than 500 employees and they raised
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six million U.S. dollars after their seven year of growth.
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Please put in mind that investments are not the only way for success.
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Number seven.
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There is one leader in each company.
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There is always one leader in each company.
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So if you are the founder you need to know how to be a great leader and practice it every day.
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Number eight your power is in your team.
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This is a very important point.
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Team team team.
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The selection of your team is the most important thing in your startup.
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And we will come to this point further in our course.
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But take into consideration that your team is what drives you towards success.
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Number nine.
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Sales are everything in your startup.
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If you have a powerful sales team understanding how to sell your products and having a passion for showing
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the solution of the problem you will conquer the world.
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So choose your sales team perfectly.
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Number 10.
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Ask the cold circle part of knowing the real power of your idea is to share with the cold circle which
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is people not buy as to your idea.
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People who will say their opinion freely.
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Number eleven.
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It's all about money.
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We are working and developing our selves for money and to gain money.
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When you think about any new idea think wisely how this idea will generate money in the future.
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No.
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Well and the last one.
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Keep the heat part of your success as an entrepreneur is not to be broken with failures which mean to
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always be on fire and ready for expansion and changing.
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Failure to success.
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Those 12 aspects will be in the resources I wish.
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If you can download them keep them always into your mind and consideration always put them in front
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of you and know that I need to be a successful entrepreneur.
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I need to develop my self my thoughts and how I deal with people.
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I want to give you two definitions I want you to take into consideration act of being an entrepreneur
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can be defined as initiating innovation into business situations to transform them into economic benefits.
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This means that any entrepreneur can initiate ideas that could be innovated inside the business to transform
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ideas to be beneficial for the economics and beneficial for getting money.
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Now the last part of this session is that I want to go through this startup from the thing called the
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idea up to being and execute it and having growth.
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So let us have a look to the on this picture.
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As you can see in front of you this is the entrepreneurship process and preparation of business plan
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for new ventures.
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There are five stages when we are when we are talking about startups.
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The first stage is the idea the idea stage are based on idea and evaluating this idea.
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The second stage is the concept where you have a lab and this lab is making development for the product
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and then you evaluate this brand or you evaluate this concept.
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The third stage is the product development which is getting a pilot's production and then evaluating
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the fourth one is test marketing stage which is semi commercial planned trials any up to this.
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You also evaluate that then after this we go to the launching of the last stage is the commerce.
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The commercial states or the product life cycle you introduce the product to the world and then you
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get growth then you of maturity for the product.
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Then you have a little bit declination.
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This is a normal process for any startup and a startup doesn't have growth all the way.
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But there is maturity and there is the culmination.
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This doesn't mean that the startup is failing but this means that the startup is going well.
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Ladies and gentlemen this was a brief introduction before we go to the idea generation and validation.
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But I want to highlight on is that for any stage there there's something called a valley Weizmann which
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means don't be in the rush to get your product out to life because you need a lot of evaluation to start
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your products and you will see as long as we go that I will show you Startups that make a lot of evaluations
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before they started their product but know that there are five stages for any startup and at each step
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there is evaluation.
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There is declination when you reach a maturity and a certain point of growth and the culmination doesn't
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mean that your startup is failing.
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But this is part of the ecosystem.
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