" Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it " Goethe
Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius -- and a lot of courage -- to move in the opposite direction
ENTREPRENEURSHIP
Entrepreneurship is a roller coaster ride. An entrepreneur is essentially a thrill seeker who enjoys the overall ride – at times being at the lowest point, at times suspended mid-air defying gravity, at times full of anticipation for the ascent and at times feeling danger in the gut when just about to take a plunge for a free fall. A successful entrepreneur is one who enjoys the adventure with the awareness that life does come full circle..
Entrepreneurs take many paths from the idea on a paper napkin stage to marrying Salma Hayek. (Ok just kidding – but, Salma Hayek did marry the French billionaire Francois Pinoult, scion of the luxury goods house PPR with brands in the kitty such as Gucci, worth an estimated fortune of $17bn.) Here are the various stages of the wheel of entrepreneurship: To be or not to be? – Taking a hard look at whether entrepreneurship is for you
Entrepreneurs take many paths from the idea on a paper napkin stage to marrying Salma Hayek. (Ok just kidding – but, Salma Hayek did marry the French billionaire Francois Pinoult, scion of the luxury goods house PPR with brands in the kitty such as Gucci, worth an estimated fortune of $17bn.) Here are the various stages of the wheel of entrepreneurship: To be or not to be? – Taking a hard look at whether entrepreneurship is for you
Resources by Life-cycle of an idea
Idea Generation
To be or not to be? – Taking a hard look at whether entrepreneurship is for you
Which idea to pursue? – Brainstorming
Developing the Business Plan – You need it if you are looking for others’ money
Which idea to pursue? – Brainstorming
Developing the Business Plan – You need it if you are looking for others’ money
Launch/Prototype
Taking the plunge – When you quit your regular job or take the family savings or a loan to start operations from your garage/ virtual office.
Forming the team – Finding complimentary skills to your own
Incorporating your business – Where to do it and how?
Developing the prototype
Raising seed capital
Building the product
Going to market
Getting the first customer
Forming the team – Finding complimentary skills to your own
Incorporating your business – Where to do it and how?
Developing the prototype
Raising seed capital
Building the product
Going to market
Getting the first customer
Scaling up
Raising money to scale up
Executing the scaling plan
Expanding the team
Growing to the next level
Executing the scaling plan
Expanding the team
Growing to the next level
Exit
Planning an exit or Pursuing a new entrepreneurial idea!
What you should be thinking about in the launch stage..
So, you have a brilliant idea. You are confident of your ability to execute it. Let's also say you are an expert on the industry you are targeting. What next?
Entrepreneurship may well be one of the most rewarding experiences you can have. It may mean all things to all people. But, it's not a job where you can stick to your knitting! At least not before you are big, anyway! Brace yourself for the fact, if you haven't already, that you are an outstretched resource and pretty much a one-man army before you ramp up your scale to afford a team with the multi-disciplinary skills you will need.
Here are a few aspects you will need to think about as you embark on your entrepreneurial journey to establish your business.
Entrepreneurship may well be one of the most rewarding experiences you can have. It may mean all things to all people. But, it's not a job where you can stick to your knitting! At least not before you are big, anyway! Brace yourself for the fact, if you haven't already, that you are an outstretched resource and pretty much a one-man army before you ramp up your scale to afford a team with the multi-disciplinary skills you will need.
Here are a few aspects you will need to think about as you embark on your entrepreneurial journey to establish your business.
Resources by Business Function:
* Deal Negotiation
* Marketing and Advertising Strategies
* Business Advisors with Industry/ Sector specific expertise
* Company Registration / Filing of Annual Returns
* Accounting & Tax Advisory
* Competitive Strategy
* Intellectual Property Rights - Trade Marks, Copy Rights, Patents, Registered Designs,Licenses etc
* Recruiting Talent, Building Teams
* Administration
* Legal Issues & Contract Negotiation
* Information Systems & Security / Web Site Development & Hosting
We believe every entrepreneur deserves a fair chance at succeeding - on the merit of his ideas alone. Umpteen entrepreneurs fail, not because their idea lacks merit but because they cannot manage the feat of bringing together these divergent and often complex aspects to fruition. That is where Genius Incubator steps in. We will remove the frictional costs of doing business for you and let you focus on your product. We have access to all sorts of services an entrepreneur needs and can recommend you the best.
Thoughts & Ideas
How do you make the Venture Capitalists fall in love with you? VCs and angel investors talk about the ideas and teams they love to invest in
"To borrow an industry adage, the best venture capitalists retain the capacity to fall i ... read more
How do you get that meeting with the investor? An excerpt from Pitching Hacks, a book on How to pitch startups to investors
"VCs are generally bombarded by requests for meetings, so a warm introduction helps an entrepre ... read more
Entrepreneurship and Innovation in a global economy - Pan IIT 2009 Chicago Oct 9-11
I am so glad I made the trip to Schaumbaug for Pan IIT 2009. As weird a location as it was, t ... read more
From first-time entrepreneur to early-stage investing guru - Lessons from the life of early Robert Klein, investor in lastminute.com
From first-time entrepreneur to early-stage investing guru - Lessons from the life of early Robin Kl ... read more
More
I am a Genius
The tale of an entrepreneur
The tale of an entrepreneur
How I started my first venture as a solopreneur - by Laura Bennett
Long before I became CEO of Embrace Pet Insurance, I was actually the CEO of Moosewood Products, a c ... read more
Developing countries need entrepreneurship of the unusual kind - Sam Pitroda's Selfless Mission
This is a story about an unusual entrepreneur, a leader, Sam Pitroda. Stories abound of ... read more
From a Passionate Biker to Founder of Dreamriders - a thrill ride
We call ourselves dreamriders. We are engaged in creating custom vehicles for dreamers who want ... read more
Unleash the Inspiration Already Buried in Your Everyday Life, by Simla Somturk Wickless
Chances are, you live a pretty good life... but you may have a nagging feeling that there is someth ... read more
More
The Entrepreneuress
We celebrate feminine ambition and want to be part of your success story. We can identify resources suited to your specific individual needs and put you in touch with female executive coaches, successful female entrepreneurs, accomplished Ivy league mentors, and super women who juggle a seemingly impossible array of life challenges just like you do. They have been there and done that, and they can help you get there too most effectively. You do not have to waste time and taste failure to learn the lessons scores of entrepreneuresses have already learnt. Reset your ambitions and launch yourself into top gear! We have access to best women networks like 85 Broads, Wharton Women in Business, and Astia. Write to us.
Article: Tips for women to reach the top of their game - from an ex Goldman Sachs banker and successful entrepreneuress Catherine Claydon
The journey to CFO: Perspectives of women leaders - By Deloitte
We celebrate feminine ambition and want to be part of your success story. We can identify resources suited to your specific individual needs and put you in touch with female executive coaches, successful female entrepreneurs, accomplished Ivy league mentors, and super women who juggle a seemingly impossible array of life challenges just like you do. They have been there and done that, and they can help you get there too most effectively. You do not have to waste time and taste failure to learn the lessons scores of entrepreneuresses have already learnt. Reset your ambitions and launch yourself into top gear! We have access to best women networks like 85 Broads, Wharton Women in Business, and Astia. Write to us.
Article: Tips for women to reach the top of their game - from an ex Goldman Sachs banker and successful entrepreneuress Catherine Claydon
The journey to CFO: Perspectives of women leaders - By Deloitte
Resources
Intellectual Property
Business & IP Centre - British Library
Writing a Business Plan
Startup Resources
www.astia.org
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www.connectlondon.org
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www.dti.gov.uk
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www.businesslink.gov.uk
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www.itma.org.uk
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www.fsb.org.uk
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www.dwp.gov.uk
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www.princes-trust.org.uk
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www.shell-livewire.org
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www.hse.gov.uk
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www.bbaa.org.uk
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More
Comprehensive Startup Resources Database
How to qualify for Enterprise and Investment Scheme in the UK?
Non-Disclosure Agreement
Read Guidance Notes on NDA
Download sample NDA
Intellectual Property
Business & IP Centre - British Library
Writing a Business Plan
Startup Resources
www.astia.org
---------------------------------------------------
www.connectlondon.org
---------------------------------------------------
www.dti.gov.uk
---------------------------------------------------
www.businesslink.gov.uk
---------------------------------------------------
www.itma.org.uk
---------------------------------------------------
www.fsb.org.uk
---------------------------------------------------
www.dwp.gov.uk
---------------------------------------------------
www.princes-trust.org.uk
---------------------------------------------------
www.shell-livewire.org
---------------------------------------------------
www.hse.gov.uk
---------------------------------------------------
www.bbaa.org.uk
---------------------------------------------------
More
Comprehensive Startup Resources Database
How to qualify for Enterprise and Investment Scheme in the UK?
Non-Disclosure Agreement
Read Guidance Notes on NDA
Download sample NDA