Experiences From An Entrepreneur

Oct 25, 20090 likes264 views

This document discusses the experiences of an entrepreneur at a business camp. It touches on topics like starting a business from a bedroom, hiring the right people, focusing on structure over restructuring, doing necessary tasks over preferred tasks, when to expand internationally, when to manage vs. be an entrepreneur, what makes a successful company, and leading by example.

Experiences of an entrepreneur BizCamp 24/10/09

Doing what you need to do instead of what you like to do

When to manage instead of when to entrepreneur ?

All teachers in the adult education program in Kungälv, Sweden have laptops to access two computer networks - one for pupils and one for local government employers. Teachers use several digital platforms including Alvis, Intranätet and Fronter. Students have access to stationary computers, laptops, and the Fronter platform. Students in advanced secondary vocational education each have their own laptop to access course content on the Fronter platform. The program also offers distance education and Swedish language courses for foreign students.

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Terence M. Morris has over 15 years of experience in warehouse production, maintenance, quality assurance, shipping, receiving, and inventory control. He holds an Associate of Applied Science degree in Manufacturing Engineering Technician from Tulsa Community College as well as certifications in production techniques, forklift operation, and life and financial planning from Goodwill Industries. Mr. Morris also has a Bachelor of Science in Business Administration from the University of Oklahoma and has been involved in leadership roles with Toastmasters International, Volunteers of America, and Phi Beta Sigma Fraternity. His most recent role was as a forklift operator for Dr Pepper Snapple Group where he was responsible for loading, unloading, and distributing pallets to meet daily

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The document provides advice for bootstrapping a startup based on the experiences of 2 founders. It recommends having a clear vision and trusting the process even when working after hours instead of full time. It also stresses the importance of having technology and market expertise across the founding team. Additionally, it offers tips for incorporating the business, finding funding from various sources, choosing good investors, setting up operations, protecting intellectual property, utilizing interns, and getting customer feedback to develop the product.

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The document discusses the economic value of intellectual property and fair use in various industries. It notes that in 2007, core copyright industries accounted for $889 billion and had higher average incomes than other sectors. In 2006, fair use industries were valued at $4.5 trillion. In 2008, illegal software was estimated to have a value of over $50 billion worldwide, with 41% of all software being illegal.

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The document discusses 10 finance must-haves for growing a business. It emphasizes the importance of knowing your ideal customer and adjusting cash planning accordingly, understanding your break-even point, paying taxes to create long term return on investment, having different sources of capital, treating investments as true investments rather than costs, prioritizing cash flow, focusing on profit and control before growth, having a long term plan, and regularly monitoring actual performance versus forecasts.

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This document provides marketing tips for startups with limited budgets. It recommends building a network by focusing first on quantity and then quality of connections. It also suggests building a personal brand by speaking on topics you're knowledgeable about. Additional tips include doing research, building a free website, using forums to gain market insights and test products, implementing DIY media relations, using email marketing, and relying on word-of-mouth. It advises getting professional help once free options are exhausted.

A FEW THINGS LEGAL YOU SHOULD KNOWBizcamp Belgium

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This document provides a summary of some key legal considerations for starting and running a business. It recommends incorporating as a company if there are two or more owners or important liabilities. It also suggests protecting intellectual property with patents, NDAs or trademarks. When creating agreements, the document advises mapping all interests and considering current and future needs. It notes some tax specifics and importance of dealing with issues immediately while leaving documentation. It concludes by recommending using legal counsel after vetting them and agreeing on costs and expectations.

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University collaboration can benefit entrepreneurs by providing ideas, expertise, knowledge and fueling innovation. Universities offer services like research collaborations, licensing of patents, and help starting spin-off companies. Examples of collaboration areas include materials science, environmental technologies, and life sciences. Partnerships between researchers and entrepreneurs can drive technology and market-focused innovation, helping science and markets converge. Universities aim to be a one-stop shop supporting entrepreneurs through an open innovation system.

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Work 2.0 or how Cloudcomputing is affecting businessBizcamp Belgium

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Work 2.0 refers to changes in how work is done due to technologies like cloud computing. It involves less rigid structures and more freedom, diversity, flexibility and empowerment for employees. Cloud computing provides scalable and secure applications without the need for on-premise servers, technical staff, upgrades or licenses. It allows for fast implementation of tools that support collaboration, communication and information sharing across teams.

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