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The transition of employee to entrepreneur (or Intrepreneur), prepared for Founders Institute.
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Making the Leap from Employee to Entrepreneur
Shaer HassanCEO and Co-founder Nascenia
It’s Different!
• None to blame, but yourself• Stop complaining. None to
complain -- only makes morale of others down.
• Start doing. Execution matters. Entrepreneurship is about execution
It’s Different!
• No routine• You were a professional 9 to 6, 5 days a week.
You are entrepreneur 24/7
It’s Different!
• You are responsible for others! • Believe in something, make others believe in
that too – build a team around yourself.
It’s Different
Entrepreneurs thrive in negativity.
Glass is half full, rest is opportunity.
It’s time! Is it?
• Time to quit job: when you have not much to receive or offer
• You have the overall picture of the business. • You are almost running the show, and you
believe you could do it better.
It’s time! Is it?
• You’ve done your homework and preparation: partners, business model, family.
• Most of all: listen to your heart! (you’ll need it)
Prepare for the Leap
• Find your passion• Learn on expense of other• Find partners with
complementary skills
Prepare for the Leap
• Research on market• Research on the sector• Bounce your idea with others (afraid of theft?)
Before You Leap
• Set deadline• Tell others
Before You Leap
• Meet other entrepreneurs – include yourself in the community
• Meet your employee friends less
Before You Leap
• Get buy-in of your family members (spouse, children, parents, in-laws).
Before You Leap
• Have enough money to support yourself and for the business for six months. That’s good for your confidence.
• Remember you could always go back – but don’t hang onto that.
Burning the boat – good or bad?
Remember
• A startup is a human institution designed to create a new product or service under conditions of extreme uncertainty.
• Startup = growth + speed + uncertainty
Remember
• Execution matters• If you are not a good employee (the one who
doesn’t complain, takes responsibility, love to work hard), you won’t perhaps be a good entrepreneur
• Get rid of smell of a (bad) employee, if you were
Remember75% of employees dream of starting their own business
Only 5% starts
Thank you
linkedin.com/in/shaerhassanshaer@nascenia.com
Only 5% do so
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