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INTR
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UC
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StartNowHow
• Open seminar series for active and prospective entrepreneurs
• 10 sessions on monthly basis until summer 2015
• Covers relevant theoretical and practical aspects of entrepreneurship
• Based on lecture „entrepreneurship“ @Bogazici University
• Based on experiences of entrepreneurs, investors, mentors and consultants
• Each session with guest speaker (entrepreneurs, investors, mentors, etc.)
• Each session will end with test elevator pitch by seminar participant
• Mondays 17.15h – 19.30h
• Next session: Mon 10.November 2014
• Certificate provided for participants joining at least 7/10 sessions
• Early registration for each session required (eventbrite), capacity 50 people!
• Priority for regular participants
20.10.2014 2 Entrepreneurship
INTR
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StartNowHow - Seminar Topics (preliminary)
1. The entrepreneurial ecosystem in Turkey
2. Entrepreneurship as a profession
3. Opportunity recognition and evaluation
4. Planning, testing and developing a business model
5. Market and competitor research
6. Financial planning for startups
7. Marketing planning and control – the role of key performance indicators
8. Funding the startup – stage financing for ventures
9. The investment process – pitching, negotations and termsheet
10. Success and failure as an entrepreneur
20.10.2014 3 Entrepreneurship
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Entrepreneurship
• Entrepreneurship: The process of creating something new with value by devoting the necessary time and effort, assuming the accompanying financial, psychic, and social risks and uncertainties, and receiving rewards of monetary and personal satisfaction. (Hisrich / Peters / Shepherd, Entrepreneurship, p.6)
• Creating something new of value
• Devotion of necessary time and effort
• Receiving the rewards of being an entrepreneur
• Assuming the necessary risks and uncertainties
• Entrepreneurship – the short definition: Entrepreneurship is the process of changing ideas into commercial opportunities and creating value. (Leach / Melicher, Entrepreneurial Finance, p. 7)
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Entrepreneurship and Innovation
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Source: Bygrave / Zacharakis, The Portable MBA in Entrepreneurship,, p.32
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Economic Relevance of Entrepreneurship
• Entrepreneurship became relevant research and policy area (economics, politics)
• OECD-model (OECD-Eurostat entrepreneurship indicators program, since 2006)
• (taken from: OECD, Measuring Entrpreneurship: A Collection of Indicators, 2009, http://www.oecd.org/dataoecd/44/27/44069965.pdf)
• Global Entrepreneurship Model (GEM) measures and compares entrepreneurship conditions and developments on international level (http://www.gemconsortium.org)
• http://www.gemconsortium.org/docs/download/2200 (2011 report)
• Due to economic relevance, intensive academic and policy work for promoting entrepreneurship (Examples: Drucker, Innovation and Entrepreneurship, pp.229 ff.; Lerner, Boulevard of Broken Dreams, etc.)
20.10.2014 6 Entrepreneurship in Turkey
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Economic Relevance of Entrepreneurship
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Source: Bosma / Wennekers / Amoros, GEM Global Entrepreneurship Monitor, 2011 Extended Report, 2012,
p. 13
Source: GEM - Reportx 2010 - 2013
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Entrepreneurial Activity – 2011 vs. 2010
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Source: Bosma / Wennekers / Amoros, GEM Global Entrepreneurship Monitor, 2011 Extended Global Report, p.21
Source: Kelly / Bosma / Amoros, GEM Global Entrepreneurship Monitor, 2010 Global Report, 2010, p.24
2010
2011
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Entrepreneur Profiles: Gender
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Source: Kelly / Bosma / Amoros, GEM Global Entrepreneurship Monitor, 2010 Global Report, 2010, p.36
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R&D Grant Programs
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Source: Novicor
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Tax Incentives
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Source: Novicor
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Business Angel Legislation
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Source: Treasury
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Stock Exchange: Özel Pazar
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Source: Borsa Istanbul
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Events: Startup Turkey, Startup Istanbul, Etohum
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Source: www.etohum.com
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Accelerator: Pilott
20.10.2014 15 Entrepreneurship in Turkey
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Accelerator: Fit Startup Factory
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Angel Networks
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Venture Capital
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Startup Applications
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Success Stories
20 Entrepreneurship in Turkey 20.10.2014
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Success Stories
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K StartNowHow - Literature
• Bowers, Brent, 8 Patterns of Highly Effective Entrepreneurs, Doubleday, New York, NY 2008
• Bygrave, William D. / Zacharaiks, Andrew, The Portable MBA in Entrepreneurship, 4th ed., Wiley, Hoboken, NJ 2010
• Drucker, Peter F., Innovation and Entrepreneurship, 1st ed. 1985, reprinted 2010, Elsevier, Kiddlington, 2010
• Harper, Stephen C., Extraordinary Entrepreneurship: The Professional’s Guide to Starting an Exceptional Enterprise, Wiley, Hoboken, NJ 2005
• Hirshberg, Meg Cadoux, For Better or for Work, All Inc., New York, NY 2012
• Hisrich, Robert D. / Peters, Michael P. / Shepherd, Dean A., Entrepreneurship, 9th ed., McGraw-Hill, New York, NY 2012
• Kuratko, Donald F., Entrepreneurship: Theory, Process, Practice, 8th ed., South-Western, Mason, OH 2009
• Leach, J. Chris / Melicher, Ronald W., Entrepreneurial Finance, International Edition, 4th ed., South-Western, Hampshire 2012
• Osterwalder, Alexander / Pigneur, Yves, Business Model Generation, Wiley, Hoboken, NJ 2010
• Ries, Eric, The Lean Startup, Crown Business, New York, NY 2011
• Smith, Janet Kiholm / Smith, Richard L. / Bliss, Richard T., Entrepreneurial Finance – Strategy, Valuation, and Deal Structure, Standford University Press, Stanford, CA 2011
• Stokes, David / Wilson, Nick, Small Business Management and Entrepreneurship, 6th ed., South-Western, Hampshire 2010
• Taleb, Nassim Nicholas, The Black Swan – The Impact of the Highly Improbable, revised ed., Penguin, London 2010
• Timmons, Jeffry A. / Spinelli, Stephen, New Venture Creation – Entrepreneurship for the 21st Century, 9th ed., McGraw-Hill, New York, NY 2011
20.10.2014 23 Entrepreneurship
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K StartNowHow - Outlook
• Please mail us if you are interested in today‘s presentation or literature hints
• Next Seminar: „Entrepreneurship as a Profession“
• Monday, 10.11.2014, 17.15 – 19.30h
• Don‘t forget to register early (eventbrite) - capacity 50 people!
• Priority for participants / registrants from today‘s session
• General rule: Allocation of seats according to participation
• Regular participation = certificate (70% participation)
• Be prepared to pitch!
20.10.2014 24 Entrepreneurship
BIC ANGEL INVESTMENTS Dr. Joachim Behrendt
Phone: +90 212 328 1939 Fax: +90 212 328 1933
www.bicangels.com http:/twitter.com/joachimbehrendt http://tr.linkedin.com/pub/joachim-behrendt/18/706/a7a
Email: [email protected]
