Keynote Session at Hult Prize Federal University of Technology Owerri

Entrepreneurship as a tool for community development - pitfalls in building a start-up and how to avoid them

Transcript

1. Ahmed Kabir Chaion Business Development Manager, weDevs Founder, Sydney Premiere League Entrepreneurship as a tool for community development: Pitfalls in building a startup and how to avoid them
2. Successful people have Successful Habits. Unsuccessful people Don’t. —Collected (The Power of Focus) “ ”
3. Introduction Action Plan Entrepreneurship Community Development 02 01 03 Startup Culture 04
4. Introduction
5. About Me • Graduated from CQ Uni, Sydney • Founder of Sydney Premiere League • Appeared as a Judge for Hult Prize On-Campus program • 11+ years of experience in Corporate IT Industry • 6+ years of experience in Direct Sales & Marketing in Australia • 10+ years of experience in IELTS Training & Mentoring • Attended 61 Model UN Conferences including 48 times as a Dias Member • Official Team Rep Make WordPress Global Design Team • Volunteered with World Vision Australia, Save the Children, Institute of WellBeing, AHOBAN & Listen4
6. Entrepreneurship Community Development
7. Why do we need entrepreneurs? Why?
8. Points to consider Mindset Team Ethics Team Spirit Strategy Plan Prototyping
9. Building and Developing the Community • Serve the least fortunate • Tackle humanity’s greatest challenges • Pursue revenue and sustainability • Use existing channels • Create market efficiency • Pursue large, untapped markets • Be environmentally and socially responsible Entrepreneurship Impact Centered Profit Minded Market Driven Intersection of purpose and profit
10. The Case of 2020-21 • Pro & Cons • How much are we willing to give up? • What can be achieved? • What did we loose? • The Good, Bad & The Ugly • What can we salvage? Post COVID Life Before 2020
11. Identify different areas of strength Important!!! Teams Share Stake Resources Prepare resources beforehand Manage Manage Human Resources Don’t dump it all on the Founders Nurture Ideas and use them as required Ideas Don’t just plan but Act Action
12. Millenials Choices in Brands Provide Solutions Improve Lives Large Society 75% Environmentally & Socially responsible products Pay more for Sustainable products 80% 73%
13. Pitfalls in Startup DO vs DON’T
14. Feedback What is Feedback? How do you use it to your advantage? How often should you take feedback? Do’s and Don’t’s
15. Evaluation How to effectively Listen? How to apply the findings? How to actually Evaluate? Should we document it?
16. • As the Leadership Team you should have an open mind for feedback • Document the good stuff • Decide with your core team and make chages as necessary • You shouldn’t only observe but speak up and in a professional way • Ask yourself how your feedback can help • Emphasize the benefits and how to achieve this Them You
17. To Know More on Hult Prize Visit: www.hultprize.org
18. CREDITS: This presentation template was created by Slidesgo, including icons by Flaticon, infographics & images by Freepik and illustrations by Stories Thanks! Do you have any questions? ahmed_chaion@yahoo.com LinkedIn, Facebook & Twitter chaion07