Entrepreneurship School 2010

Today and tomorrow I’m at Myth Busters organized by BOS România.

I’m copy+pasting the twitter notes. But what impressed me the most until now, is Andrei Roşca presenting this little short movie (if you can be an entrepreneur, something in you will vibrate in seeing it.

Viorel Spînu

Viorel Spinu is talking about his disasters in business as an experience to learn from.

Play to get the customers that would be very open to buying the products you sell in the business you open.

If there’s no competition, there’s no business.

Get clear with numbers: what do you want to achieve and set what to do to get there.

The product is not the business. The product is only 20 % of the business …

Pitching an investor is showing him the business model, not the project or the product.

Do you want to do the business or do you want to do the project?

Your job is to make the business automatic.

Build the simplest thing that works and get it to the market.

Don’t build it perfectly, make it sellable then develop it on the customers’ money.

U can’t stop someone stealing your idea, but it’s unlikely someone to steal it considering they have their own business ideas.

Key question: “How does what I’m doing gets me closer to my goal?” How much of the employees’ time is spent increasing the income?

Monitor your cash flow, spent as less as possible.  A great challenge for an entrepreneur is to be a manager and an executive at the same time.

Răzvan Crişan presents The story of http://shortsup.ro/ How to get 1000 + constant public at short-films. make the important mistakes good enough to learn from them. As long as there’s something valuable, money will come. It’s an idea to make a stop-loss or a deadline for income.

Andrei Roşca

“I don’t understand why people come to entrepreneurship conferences and don’t just work at something”

Most people have the false impression employee means 9 to 5, being paid just for a strict amount of time or are prisoners

To be an entrepreneur, you have to give up the status of specialist and outsource.

Experience is something that happens to you after you decide to start doing things.

Find the people that have the experience, more than you do.

“I didn’t really believe any time that you really need money to start a business, I started 4-5 with no money down.”

Advertisements

3 thoughts on “Entrepreneurship School 2010

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.