The road to failure

Tarek Fahim

The Road to Failure

CairoMarch 2010

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Table of Content

• The Seven Sins of Entrepreneurship• The First : Entrepreneurship Reality• The Second : Partnership • The Third : Decision Making & Action • The Fourth : Cash & Financing• The Fifth : People• The Sixth : Structure & System • The Seventh : Competition

• New Lessons from an Old Story

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The First : Entrepreneurship is about having money

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It is about Freedom, Inducing Change and Self-actualization

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Recognize these ?!

Steve WozniakPaul Allen

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What about these ?!

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What about now ?!

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The Second : Partnership is always good

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Partnership is like a long term debt, only Mission Aligned can make it

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The Third : Planning…Planning…Planning is the key

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Speed, Learning and Adaptability

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The Fourth : It is about ROI and Future Value

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It is about achieving, maintaining and foreseeing considerable positive Cash Flow

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The Fifth : Good Ideas are more important than Good People

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Right People…Right Time…Right Place(100% >10 FTE)…(40% >100 FTE)…(20% >1000 FTE)

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The Sixth : Multinationals have detailed Structure and Systems, so we should

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Structure and Systems as needed

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The Seventh : Keep an eye on competition, do exactly what they are doing, and beat them on their own game

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Be Daring…Be First…Be Different

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New Lessons from an Old Story : The Ugly Duckling

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Any Questions ?