Entrepreneurial Mindset Delivery Method Presenter Fasil Woldegebriel Objectives Gain an understanding of Key charasteristics of sucessful entreprneurs Gain an understanding of what entrepreneurship is Understand what it means to be an entrepreneur From just an idea to business 2 3 3 1 1 PROJECT Analyse entrepreneurs In a Group of 6 • Select 3 entrepreneur stories from different continent Take notes individually and discuss in your group • Present your findings in answering different questions • • Resources Proposed Stories Steve Jobs Motivational Speech | Inspirational Video | Entrepreneur Motivation |- USA Facebook CEO | Mark Zuckerberg Biography | Success Story -USA Jack Ma Motivational Video | Believe In Your Dreams | Inspirational Speech -China Cars24 - India Betelhem Dessie- Young Social Entrepreneur-Ethiopia Inspiring Young Student Entrepreneur: Addismiraph Abebe, Co-founder of AAU Push Addis Ababa Meet Ciiru An Inspiring Entrepreneur from Nairobi Kenya Social start-up Africa: A tap station at school-Rwanda Resources Materials needed Flip Charts • Markers of different colors Laptop/Tablet at least one per group • Scotch tapes • Stickers • Pen/Pencils • Timer • • QUESTIONS 1. WHAT What makes them an entrepreneur? What kind of a mindset do they have that is different from others? What kind of common characteristics do they have ? QUESTIONS 2. SIMILARITIES What are the similarities between the mindsets of the different entrepreneurs? What are the similarities in the type of business they do? What similarities do you observe in their life style • Daily routine • Work ethics • Way of thinking, e.t.c… QUESTIONS 3. DIFFERENCES What are the differences between the mindsets of the entrepreneurs? What are the differences in the type of business they do? What the differences in their • Daily routine • Work ethics • Way of thinking, e.t.c… Deliverables Come up with your own definition of Entrepreneurship. Compare entrepreneurship with traditional business What does it mean to be an entrepreneur Reflections :“What kind of entrepreneurial mindsets do I have?” “What kind of mindset typical entrepreneurs have which I don’t have and need to work on?” From just an Idea to a Business idea PROJECT Generate ideas and turn them to business ideas • In a group of three • Walk around for 20 minutes • Come up with a list of at least two potential ideas • Form a group of 6 • Rate the list of ideas and select one idea • Present your findings in answering different questions Resources Materials needed Flip Charts • Markers of different colors Laptop/Tablet at least one per group • Scotch tapes • Stickers • Pen/Pencils • Timer • • QUESTIONS What problem are you planning to solve What desire are you planning to fulfil QUESTIONS What can be done Different within the 4Ps? ( Product, Place, Promotion, Price) Product How can the product or service characteristics be more valuable for your customers? • • • • • Features, Performance/Quality, Design, Usability, Network possibilities) QUESTIONS What can be done Different within the 4Ps? ( Product, Place, Promotion, Price) Place How and where can you distribute ? • Customer needs • Infrastructure and resource accessibility • Range and customer utility of distribution channels QUESTIONS What can be done Different within the 4Ps? ( Product, Place, Promotion, Price) Promotion How can you market your product better than others? • Marketing channels • Customer awareness creation tools, etc.) QUESTIONS What can be done Different within the 4Ps? ( Product, Place, Promotion, Price) Price How can you offer your product/service competitive? • Operation • Delivery • Organization • Marketing, • Supply Chain, • Business Model as a whole Reflections :If you have to implement the business idea what do you think about the next logical steps to be taken? What would you change based on what you have learnt this far? As you take the next logical steps what kind of opportunities and challenges you anticipate? THANKS!