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Your partner in professional and reliable human resource management solutions www.drg.co.za Path of an Entrepreneur Keeping the Dream Alive by David White

The path of an entrepreneur 20th july 2012

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David White (CEO DRG Outsourcing) looks forward to sharing his path and thoughts on an Entrepreneurial Journey at the Three Peaks Interactive Entrepreneurial workshop on 20th July 2012. Each Entrepreneur walks a different path towards their goals and successes, but there are many elements/activities that are common in each journey.Entrepreneurs need to believe in themselves and their vision, but also need to have the foresight to draw in skills and resources to help them achieve their dreams.History shows that virtually no successful entrepreneur has walked an easy path. They have had their challenges and hardships, but always there is something that keeps the fire burning and dream alive.David will speak through what he believes are common elements/activities in an Entrepreneurial Journey, and share his thoughts and understanding on what it is that keeps the fire burning and dream alive.

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Page 1: The path of an entrepreneur 20th july 2012

Your partner in professional and reliable human resource management solutions www.drg.co.za

Path of an Entrepreneur

Keeping the Dream Alive

by David White

20th July 2012

Page 2: The path of an entrepreneur 20th july 2012

Your partner in professional and reliable human resource management solutions www.drg.co.za

• What are we…

• What is my story…

• What keeps us going…

• What others teach us

about the path…

• What are we doing today…

Page 3: The path of an entrepreneur 20th july 2012

Your partner in professional and reliable human resource management solutions www.drg.co.za

Defining the Entrepreneur

• Entrepreneurship is the act of being an entrepreneur or

"one who undertakes (innovations, finance and

business acumen) in an effort to transform innovations

into economic goods". Wikipedia

• “Entrepreneurship may

be defined as the pursuit

of opportunity without

regard to resources

currently controlled”.

Stevenson

Page 4: The path of an entrepreneur 20th july 2012

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Modern Day Shaman

• We are the Modern day

Shaman bringing the

invisible Vision from

within our Minds into

Physical Form that all can

Benefit from.

• We need to own the

responsibility to lead

our team into greener

pastures.

Page 5: The path of an entrepreneur 20th july 2012

Your partner in professional and reliable human resource management solutions www.drg.co.za

Entrepreneur vs. Employee • Entrepreneur

– Passionate about new and better ways

of doing things

– Stimulated by new opportunity

– Risk amenable

– Pliable mind and able to think laterally

– Not adverse to standing alone

– Often really good at one thing

– Driven by survival

• Employee – Like structure and leadership

– Like planned and detailed methodology

– Like to be part of an orderly team

– Quite often a generalist

– Prefer stability rather than uncertainty

Page 6: The path of an entrepreneur 20th july 2012

Your partner in professional and reliable human resource management solutions www.drg.co.za

My Story

• Every Entrepreneur has a Story..

• Every Entrepreneur has a Dream.!

• It is “ Our Story, Our Passion, Our Dream” and is something

that is fuelled from within Ourselves. It only becomes

extinguished if We Ourselves decides to give up Our Believing.

Page 7: The path of an entrepreneur 20th july 2012

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The Business of the Business

• Most start-up businesses fail

• The Idea, Vision, Opportunity,

is not the Business, it is

merely the Originator or the

the Passion of the Business.

• Business Platform.

• Business Mentors.

• Focusing on Core Activities, and draw in professional

skills to perform the other Business Activities.

Page 8: The path of an entrepreneur 20th july 2012

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Use Your Imagination • “An act or process of forming a conscious idea or mental image of

something never before wholly perceived by the one forming the image.” Wikipedia

• “Imagination is more important than Knowledge.” Albert Einstein

• “What is now proved was once only imagined.” William Blake

• “If you don’t dream the impossible, impossible dreams can’t come

true!” Sandra Golden

Page 9: The path of an entrepreneur 20th july 2012

Your partner in professional and reliable human resource management solutions www.drg.co.za

Be Original • Any one who has been really

Successful in life has been Original.

• A Copy on the Screen of Life has

no Value.

• Be the Best you that you can be,

be yourself.

• Learn to think for yourself.

• If you act from the heart it has the

strength to overcome unbelievable challenges.

• “There needs to be something unique about your Dream

and Offer. Something that stands out as being, Exciting,

Exceptional, Special, Attractive, Different,

from other offers in the Market.” Sandra Golden

Page 10: The path of an entrepreneur 20th july 2012

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Keep it Simple

• If you can not explain it Simply,

you Simply do not understand it

well enough yourself.

• “The Simplicity on the other

side of Complexity.” Tony Burnham

• “Everything should be made

as simple as possible, but not

Simpler.” Albert Einstein

Page 11: The path of an entrepreneur 20th july 2012

Your partner in professional and reliable human resource management solutions www.drg.co.za

Live your Dream Personally

• You must personally live your dream, believing you will succeed.

• “Nothing happens unless we first Dream.” Carl Sandburg

• “If you can dream it you can do it.” Walt Disney

• A person who never made a mistake never tried anything new.” Albert Einstein

Page 12: The path of an entrepreneur 20th july 2012

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Share Your Dream

• Allow others to own a piece

of the dream. Great leaders

allow others to counsel them;

it’s more fun when you can

share success. It’s not fun

celebrating alone.

• Let these people contribute towards the

company’s Mission and Vision

• “You can dream of and design the most wonderful

places in the world, but it requires people to

make the dream a reality.” Walt Disney

Page 13: The path of an entrepreneur 20th july 2012

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Pursue your Passion • Find a purpose larger than money.

Often when we go after money it

becomes illusive. Or we get our

wealth and loose our health and

purpose.

• Remember we are all exceptionally

good at something we really enjoy

doing.

• “The inclination of my life – has

been to do things and make things which will give

pleasure to people in new and amazing ways. By doing

this I please and satisfy myself.” Walt Disney

Page 14: The path of an entrepreneur 20th july 2012

Your partner in professional and reliable human resource management solutions www.drg.co.za

Hire Exceptional People

• Hire exceptional people

who want to Succeed;

they will find a way.

• Surround yourself with

people that are as

positive as you are about

what you love doing.

• Remember that Two Heads are better than One

• Realise that different people are right for

different functions in the business

Page 15: The path of an entrepreneur 20th july 2012

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Let Others Challenge You

• Be willing to let others challenge you and your

idea. Give them space to be honest in letting

you know how and why they think you may fail.

Page 16: The path of an entrepreneur 20th july 2012

Your partner in professional and reliable human resource management solutions www.drg.co.za

Stay in the Race

• Winners are people that stay

in the race.

• Fake it till you Make it.

• “I have not failed. I have

just found 10,000 ways that

won't work." Thomas Edison

• "Many of life’s failures are

people who did not realize

how close they were to success

when they gave up.” Thomas Edison

Page 17: The path of an entrepreneur 20th july 2012

Your partner in professional and reliable human resource management solutions www.drg.co.za

Do Not Fear Failure

• Incredibly successful people who

earned fame and fortune only after

making notable missteps. In fact,

some of the most influential and

wealthy people were at least briefly

considered to be losers who would

never amount to anything.

• The lessons learned: Never, never,

never give up, and that nothing of

value comes easy even for those who make it look easy.

• "The business empires built by successful entrepreneurs were

erected on the foundation of past failures."

Ajaero Tony Martins

Page 18: The path of an entrepreneur 20th july 2012

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Be Self Motivated

• It is your Dream, Your Story, and You must have a Reason,

and find the Strength, to keep it Alive.

• Learn to rely on yourself, and not on others.

• “If you think you can do a thing, or think you can’t do a

thing.. YOU’RE RIGHT!!” Henry Ford

Page 19: The path of an entrepreneur 20th july 2012

Your partner in professional and reliable human resource management solutions www.drg.co.za

Richard Branson

• Richard Branson is one of the entrepreneurs that inspire

most people. He has gone through thick and thin; and

has been on the verge of business failure on countless

occasions.

• “To be successful, you have

to be out there, you have to

hit the ground running, and

if you have a good team

around you and a fair share

of luck, you can make it happen”.

Richard Branson

Page 20: The path of an entrepreneur 20th july 2012

Your partner in professional and reliable human resource management solutions www.drg.co.za

JK Rowling

• While writing her first Harry Potter Book

Rowling was suffering from Depression.

• She was battling to come to terms with

her mothers death.

• She was going through a challenging

divorce.

• When the book was finished she was

rejected by 12 publishers.

• Eventually a shall publishing company

agreed to publish her book, but only 1000

copies, and half went to libraries

• Now she wealthier than Queen Elizabeth II

• "Failure is so important. We speak about success all the time. It is the ability

to resist failure or use failure to lead us to greater success.”

JK Rowling

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-

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Page 21: The path of an entrepreneur 20th july 2012

Your partner in professional and reliable human resource management solutions www.drg.co.za

Albert Einstein

• Albert Einstein did not speak until he was

four years old, and didn't read until he was

seven.

• His teacher described him as “mentally

slow, unsociable and adrift forever in his

foolish dreams."

• He was expelled and refused admittance

to Zurich Polytechnic School.

• The University of Bern turned down his

Ph.D. dissertation as being irrelevant and

fanciful.

• “Great spirits have always encountered violent

opposition from mediocre minds.” Albert Einstein

Page 22: The path of an entrepreneur 20th july 2012

Your partner in professional and reliable human resource management solutions www.drg.co.za

Donald Trump

• Real estate billionaire that

has gone through bankruptcy

twice in his life.

• Personal debt of $1 billion

• Corporate debt of $9 billion.

• Estimated current personal

wealth $7 billion.

• "Sometimes by losing a battle,

you will find a new way to win

the war.” Donald Trump

• “Sheer persistence is the difference

between success and failure." Donald Trump

Page 23: The path of an entrepreneur 20th july 2012

Your partner in professional and reliable human resource management solutions www.drg.co.za

Henry Ford

• Henry Ford's first automobile company

dissolved due to customer complaints

of high prices and low quality.

• His second company failed due to a

dispute with a consultant.

• His third effort almost failed, too, when

low sales made it impossible to pay

investors. In the end, angel investors

saved the troubled business.

• The company's net income

for 2009 was $2.7 billion.

• "Failure is just a resting place. It is an opportunity to

begin again more intelligently." Henry Ford

Page 24: The path of an entrepreneur 20th july 2012

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Walt Disney

• Walt Disney left dropped out of school at 16

• He was fired by a newspaper editor

for lack of ideas.

• He went bankrupt more than once.

• He leveraged everything in terms of assets

in order to build his studio and his films.

• The more profit one project yielded, the

bigger the next would be. His vision was

constantly growing, and he used whatever

capital he had to allow that vision to evolve.

• “All the adversity I've had in my life, all my troubles and obstacles,

have strengthened me... You may not realize it when it happens, but

a kick in the teeth may be the best thing in the world

for you.” Walt Disney

.

Page 25: The path of an entrepreneur 20th july 2012

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Cornel Saunders

• Saunders at 65 opened first diner.

• The road outside his diner was

then bypassed.

• He then travelled to up and down to

different restaurants to cook his 11

herbs and spices chicken

• Five years later he had 40 franchises

• At seventy five he sold the business

for $ 15m

• "There's no reason to be the richest man in the

cemetery. You can't do any business from there." Cornel Saunders

Page 26: The path of an entrepreneur 20th july 2012

Your partner in professional and reliable human resource management solutions www.drg.co.za

Powerful Beyond Measure

“Our deepest fear is not that we are inadequate.

Our deepest fear is that we are powerful beyond

measure. It is our light, not our darkness that most

frightens us. We ask ourselves, Who am I to be

brilliant, gorgeous, talented, fabulous? Actually,

who are you not to be? You are a child of God.

Your playing small does not serve the world.

There is nothing enlightened about shrinking so

that other people won't feel insecure around you.

We are all meant to shine, as children do. We were born to make

manifest the glory of God that is within us. It's not just in some of us; it's

in everyone. And as we let our own light shine, we unconsciously give

other people permission to do the same. As we are liberated from our

own fear, our presence automatically liberates others.” Nelson Mandela

Page 27: The path of an entrepreneur 20th july 2012

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What are you doing Now

• “The best time to plant a tree is 20 years ago –

the next best time is Now.” Chinese Proverb

Page 28: The path of an entrepreneur 20th july 2012

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Living your Dream

• “Success is not final, failure is not fatal; It is the

COURAGE to continue that counts.” Winston Churchill