Entrepreneurship

Bf9f3f29049791136b9b815f59e1f09c?s=47 Meanbee
April 12, 2014

 Entrepreneurship

We are alumni of the University of Bath and we were invited back in 2013 and 2014 to present on Entrepreneurship to Computer Science and Physics students. We gave a little insight in what it is like to start your own business and what you should look out for.

Presented by Tom Robertshaw and Nick Jones

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Meanbee

April 12, 2014
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Transcript

  1. Entrepreneurship

  2. eCommerce

  3. Our History

  4. Today's Aim • Inform • Intimidate • Inspire

  5. The Business of Ideas • "The best reason to start

    an organization is to make meaning - to create a product or service to make the world a better place." Guy Kawasaki • "Is it real? Is it worth it? Can we win?" Margaret Heffernan • "Business opportunities are like buses, there’s always another one coming." Richard Branson
  6. Business Theory

  7. Business Plan • Think things through • Spot potential weaknesses

    • Gauge success • Align founder goals and expectations
  8. Agile Business Model • Spot winners and losers early •

    Be aware of your environment • Constantly revise your business plan • Iterate everything
  9. Key Qualities

  10. Startup Triangle Socialise Progress at work Exercise

  11. Character Qualities • Confidence • Determination • Passion

  12. People Skills • Customers ◦ Convincing them that you're right

    ◦ Aligning expectations ◦ Dealing with complaints
  13. People Skills • Employees ◦ Maintaining professionalism ◦ Telling them

    what to do ◦ Staying productive
  14. Research Skills • Professionals cost money • Find your own

    answers ◦ http://gov.uk Don't be an idiot. Get professional advice when you need it. Please don't sue.
  15. Working Hard “I'm a great believer in luck and I

    find the harder I work, the more I have of it.” -- Thomas Jefferson • Rarely get money for nothing • You're in control of your own success • Deadlines
  16. ..and that's why a degree is useful

  17. Rewards are yours • Ups and downs with running your

    own business • The "Ups" are amplified by being your own • In time, those "Ups" should include money
  18. Practical Business

  19. Company Structure • Self Employed • Partnership • Limited Company

    ◦ Dividend
  20. Financials • Cash Flow is a bitch • File your

    accounts • Visualise everything
  21. None
  22. Success Metrics • Track your success • Identify weaknesses •

    How do you know things are going to plan?
  23. Employing People • Cost a lot of money • Make

    it not all about the money • Law seems to side with the Employee • PAYE / NI Contributions
  24. Growth • Organic ◦ Lifestyle business ◦ Build it yourself

    • Inorganic ◦ External investment ◦ Quick growth ◦ Exit strategy • Focus is very different
  25. What do you do now? • Get involved • Build

    an idea • Ship it • Build the next idea • Ship it
  26. Questions? • Come and visit us @meanbee. @bobbyshaw @nickj89