it was a fruitful 2 hours event!
thanks again especially to Michael Teoh for organizing such wonderful entrepreneurial event with great speakers to share so much in such short frame of time! cool~ never been to such concise talk before so far. of course not to forget Daniel, the co-founder for Youth Entrepreneurs Malaysia alongside Michael. to honor the speakers of the day we have Michael Levin from Kauffman Foundation, Dash, Roshan from Leaderonomics and Sabri, UPM ex student council chairman.
so below are some of the gist i learned for the day. hope you can pick up something too.
imagine Kauffman who was a farm boy from Kansas made it his way to become an entrepreneur who founded The Kauffman Entrepreneurial Foundation for USD 700million!
below are some keywords and pointers to becoming an entrepreneur:
1. the 3 main motivations for entrepreneurship:
a) hunger for cash
b) hunger for change
c) hunger for green
d) others
2. the beginning of entrepreneurship: what are the things to do?
a) do something old in new ways?
b) do something completely new?
3. the characteristics/ similarities of a leading entrepreneur:
a) functional mastery (deep rooted mastery in something)
b) personal effectiveness (the act, walk and talk alignment)
c) business senses (intuitive, foresight and ability to link upcoming events/ trends)
d) leadership/ personal credibility (be it humble or assertive, talk or listen, it's not the exact trait but about when you use that trait, the sound decision making ability)
4. key challenges to entrepreneurship:
a) experience in the industry
b) building a management that can last
5. a few examples of critical failure experience:
a) error in judgment when stocking up too much stock and ended up obsolete when major new trends came.
b) not turning up for an invitation to something or someone you particularly look forward to.
6. questions to ponder:
a) what is the leader of 21st century going to be like?
b) what is your purpose in life?
c) am i relevant?
d) how long do you want to remain under radar? when do you want to rise up to the global level and push your word out there?
7. quote of the day:
a) want something? go get it!
8. the making of an entrepreneur:
a) screening process to grab potentials
(eg: sportsman are not born or made, you can teach skills but not speed)
b) cultivate awareness
(eg: 4 year old football kids are taught the skill of anticipation and 16 year old star footballer is produced yearly.)
c) the art of perception
(stay hungry and stay foolish. don't compare, have a point of view.)
d) entrepreneur has to be hungry wolf.
9. perception of whether practice or theoretical learning is more effective has little importance. it is the pleasure of the learning process that matters! eg: a study was once taken to give 2 groups of tennis players training. 1 group given purely practice while another group purely theoretical teaching. and the ones who watch beat the ones who play!)
10. some things to ponder:
a) how much you enjoy?
b) personal choices
c) exception to the rules
d) the free paid training obtained when working for companies.
e) the loading: failure practices increases probability of success.
f) your trigger factor to be an entrepreneur
g) education and academics should be for learning and not to get a job.
h) courses on "commercializing of ideas".
i) engaging cultures.
j) are we creating "cozy" entrepreneurs?
k) the art of grant seeking. (venture capitalist companies)
l) entrepreneurial purpose vs entrepreneurial privilege
m) growth changes, internalize possibilities
11. entrepreneurial spirit:
- doing something your way because no such avenues exist in the market and the desire to prove your way is right.
12. finally,
- do you love the sense of being a part of... ...
do check out http://www.entrepreneurs.my/
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