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THE ART OF STARTING

THE ART OF STARTING. BY SACHIN UPPAL ROLL NO- 8063. Five most important things an entrepreneur must accomplish :. Make meaning Make mantra Get going Define your business model Weave a MAT. Make Meaning. Entrepreneurship begin with a process of self-examination.

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THE ART OF STARTING

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  1. THE ART OF STARTING BY SACHIN UPPAL ROLL NO- 8063

  2. Five most important things an entrepreneur must accomplish: Make meaning Make mantra Get going Define your business model Weave a MAT

  3. Make Meaning • Entrepreneurship begin with a process of self-examination. • Meaning is not about money, power, or prestige. • The meanings of “meaning” are to • Make the world a better place. • Increase the quality of life. • Right a terrible wrong. • Prevent the end of something good.

  4. Make Mantra Mission statement of an organization. No success- No money- No mission statement.

  5. Starting it correctly • You should always be selling—not strategizing about selling. • It’s not how great you start—it’s how great you end up. • Observe these key principles of getting going: • Think big • Find a few soul mates • Polarize people • Design different • Use prototypes as market research

  6. Define Your Business Model • To do this you need to answer these questions: • Who has your money in their pockets? • How are you going to get it in to your pocket? • They are a useful way to consider the reality of starting an organization.

  7. Weave Your MAT • MAT stands for • Milestones • Assumptions • Tasks. • There are seven milestones: • Prove your concept. • Complete design specifications. • Finish a prototype. • Raise capital. • Ship a testable version to customers. • Ship the final version to customers. • Achieve breakeven.

  8. Tasks • They are necessary to build an organization. They include: • Renting office space • Finding key vendors • Setting up accounting and payroll systems • Filling legal documents • Purchasing insurance policies

  9. Thankyou

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