Original subtitles

Sometimes when we think of the big names in the entrepreneurship field as Elon Musk Mark Zuckerberg

and Bill Gates Steve Jobs we always look and define the results or where they have reached.

At the end of their journey.

But let me tell you ladies and gentlemen that to look for this success you need to look for the whole

journey.

Those people that I have stated the names they have suffered a lot through their journey of success.

This is why it is called The Journey of success.

Any entrepreneur is not successful.

From the first day in this session I'll be giving you the 12:00 entrepreneurship aspects how to be a

successful entrepreneur.

First aspect is learn by doing.

When I say Learn By Doing this means that you need to practice well maybe studying is important but

it's not going to give you the whole picture.

Practice by doing.

And don't be afraid of failures.

The second thing is get some experience and maybe you have an idea of a mobile application or a new

product or service.

But being powerful is by getting some experience from experts.

Try meeting people you know are professional in the same field try to work with them even for free.

Your aim is not to be employee but your aim is to get more experience as to develop your service and

product and this will never come without meeting the experts or people working in the same field.

The third thing you will earn you will learn more in company than college.

After you graduate you will have some time to work in any corporate experience you will get is not only

technical but you will gain experience in dealing with people understanding systems.

So working in a company giving you life experience more than its technical but as stated in the previous

point to get your technical experience meet the experts.

Number four choose your measure carefully.

I have studied engineering.

The major thing that differed with me is how to think and how to solve problems.

Choosing your major carefully is important because more than four years of studying you either you will

be eager to know more or you will be so lazy and wish to finish your use of studying.

Number five great companies takes time to grow.

There is a wrong concept for entrepreneurs that startups grow fast.

Ladies and gentlemen Uber was founded in 2009.

The revenues are more than 11 billion U.S. dollars and they make zero profits.

That doesn't mean that they are not successful.

But on the contrary it is one of the most successful startups.

But it takes time to grow and make profits.

It needs patience and persistence.

It needs to believe in your vision and keep looking for growth.

Number six.

Venture capitalists and investors are not the only way.

There is another wrong concept about startups that the only way to grow is when you get investment with

millions of dollars.

Let me give you an example.

Several startups that started with a little or no money and made growth then they got and then they

got an investment.

For example Shopify which is a platform for shopping for shopping renting solutions MailChimp which

is which is a market and sales platform marketing and sales platform.

Shutter stock is a photo library and now they are worth more than 2 billion U.S. dollars and they didn't

get an investment from the beginning.

And finally our last example is Sky Scanner where they reached more than 500 employees and they raised

six million U.S. dollars after their seven year of growth.

Please put in mind that investments are not the only way for success.

Number seven.

There is one leader in each company.

There is always one leader in each company.

So if you are the founder you need to know how to be a great leader and practice it every day.

Number eight your power is in your team.

This is a very important point.

Team team team.

The selection of your team is the most important thing in your startup.

And we will come to this point further in our course.

But take into consideration that your team is what drives you towards success.

Number nine.

Sales are everything in your startup.

If you have a powerful sales team understanding how to sell your products and having a passion for showing

the solution of the problem you will conquer the world.

So choose your sales team perfectly.

Number 10.

Ask the cold circle part of knowing the real power of your idea is to share with the cold circle which

is people not buy as to your idea.

People who will say their opinion freely.

Number eleven.

It's all about money.

We are working and developing our selves for money and to gain money.

When you think about any new idea think wisely how this idea will generate money in the future.

No.

Well and the last one.

Keep the heat part of your success as an entrepreneur is not to be broken with failures which mean to

always be on fire and ready for expansion and changing.

Failure to success.

Those 12 aspects will be in the resources I wish.

If you can download them keep them always into your mind and consideration always put them in front

of you and know that I need to be a successful entrepreneur.

I need to develop my self my thoughts and how I deal with people.

I want to give you two definitions I want you to take into consideration act of being an entrepreneur

can be defined as initiating innovation into business situations to transform them into economic benefits.

This means that any entrepreneur can initiate ideas that could be innovated inside the business to transform

ideas to be beneficial for the economics and beneficial for getting money.

Now the last part of this session is that I want to go through this startup from the thing called the

idea up to being and execute it and having growth.

So let us have a look to the on this picture.

As you can see in front of you this is the entrepreneurship process and preparation of business plan

for new ventures.

There are five stages when we are when we are talking about startups.

The first stage is the idea the idea stage are based on idea and evaluating this idea.

The second stage is the concept where you have a lab and this lab is making development for the product

and then you evaluate this brand or you evaluate this concept.

The third stage is the product development which is getting a pilot's production and then evaluating

the fourth one is test marketing stage which is semi commercial planned trials any up to this.

You also evaluate that then after this we go to the launching of the last stage is the commerce.

The commercial states or the product life cycle you introduce the product to the world and then you

get growth then you of maturity for the product.

Then you have a little bit declination.

This is a normal process for any startup and a startup doesn't have growth all the way.

But there is maturity and there is the culmination.

This doesn't mean that the startup is failing but this means that the startup is going well.

Ladies and gentlemen this was a brief introduction before we go to the idea generation and validation.

But I want to highlight on is that for any stage there there's something called a valley Weizmann which

means don't be in the rush to get your product out to life because you need a lot of evaluation to start

your products and you will see as long as we go that I will show you Startups that make a lot of evaluations

before they started their product but know that there are five stages for any startup and at each step

there is evaluation.

There is declination when you reach a maturity and a certain point of growth and the culmination doesn't

mean that your startup is failing.

But this is part of the ecosystem.