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Turning first class ideas into world class businesses
www.spark.auckland.ac.nz
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Overview
Entrepreneurial mindReview
Do you have what it takes?
Guest speaker
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Turning first class ideas into world class businesses
The Entrepreneurial Process
Opportunity
(2)
Resources
(4)
Team
(3)
Creativity Leadership
Communication
Business Plan
Fits and gaps Ambiguity Exogenous forces
Capital market contextUncertainty
Founder (1) Timmons & Spinelli 2007
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Entrepreneurship is a way ofthinking, reasoning, and acting thatis opportunity obsessed, holistic in
approach and leadership balanced.Timmons & Spinelli (page 79)
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Entrepreneurship is a way of thinking,reasoning, and acting that is opportunityobsessed, holistic in approach andleadership balanced.
Timmons & Spinelli (page 79)
Question: How does this definition apply toBill Day ?
Discuss with the person sitting next to you
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At the heart of the entrepreneurial process is thefounder: the opportunity seeker, the creator andinstigator; the leader, problem solver, and motivator;the strategizer and guardian of the mission, values andculture of the venture. Without this human energy,drive, and vitality, the greatest ideas even when theyare backed by an overabundance of resources and staff
will fail, grossly underperform, or simply never get offthe ground.
Timmons & Spinelli p. 1
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Quote continued ..
Brilliant musical, scientific or athletic aptitude andpotential do not equal the great musician, the greatscientist, or the great athlete. The difference lies in theintangible: creativity and ingenuity, commitment,tenacity and determination, a passion to win and excel,and leadership and team-building skills
(Timmons & Spinelli, p. 1)
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Founder: Desirable and Acquirable Attitudes and
Behaviors
Commitment and determination
Leadership
Opportunity obsession
Tolerance of risk, ambiguity, and uncertainty
Creativity, self-reliance, and adaptability
Motivation to excel
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Entrepreneurial Attributes
CORE ATTRIBUTES
Commitment and
Determination;Leadership
Opportunity Obsession;
Tolerance of Risk,
Ambiguity, and Uncertainty;
Creativity, Self-Reliance,
and Adaptability;Motivation to Excel
Intelligence
Capacity
toInspire
DESIRABLE ATTRIBUTES
Creativity
and
Innovativeness
Values
Energy, Health, and
Emotional Stability
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Non Entrepreneurial Attributes- being macho- impulsive- antiauthoritarian- know it all
- perfectionist
CORE ATTRIBUTES
Commitment and
Determination;Leadership
Opportunity Obsession;
Tolerance of Risk,
Ambiguity, and Uncertainty;
Creativity, Self-Reliance,
and Adaptability;Motivation to Excel
Intelligence
Capacity
toInspire
DESIRABLE ATTRIBUTES
Creativityand
Innovativeness
Values
Energy, Health, and
Emotional Stability
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Meaning
How will your business idea
- Increase the quality of life?
or
- Right a wrong
or
- Prevent the end of something good?
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Entrepreneurship IS a Contact Sport
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Review: Entrepreneurial Process
It is opportunity driven It is driven by a lead entrepreneur and an
entrepreneurial team
It is resource parsimonious and creative
I
t depends on the fit and balance among these It is integrated and holistic
It is sustainable
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Resources: Week 2
The art of the start : the time-tested, battle-hardenedguide for anyone starting anything by Guy Kawasaki
SHORT LOAN(2 Hour) - Kate EdgerInformation Commons(Level 1)CallNumber:658.11 K22
http://edcorner.stanford.edu/index.html;jsessionid=B43BC0B133BC9721C49EDF05275CB408
New Venture Creation by Timmons & Spinelli
Map $20: Purchase Week 2 & 3 V2B
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Guest Speaker
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Next week: idea to opportunity
2008 CJD Associates