How entrepreneur’s elevator should work?

An important part of being an entrepreneur is pitching or making the case for the product, project or idea you intend to sell. An elevator pitch is a condensed, easy-to-understand version of a business pitch that is delivered in the time it takes to ride an elevator. Entrepreneurs must be prepared to give a pitch at any time, including during an elevator ride.

Key elements of a successful elevator pitch include: Continue reading

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Entrepreneurship Should Be Compulsory In Schools

It is not a surprise where global economy is going. With high unemployment and traditional businesses preparing to improve worker efficiency and achieve more with less; soon, world unemployment stats will start to show some fears(if not showing already). In such an economy, we need more entrepreneurs, more self-motivated people who believe in providing for other people’s need.

All of us today have taken education to prepare ourselves for our current jobs. (Though there are always questions about the relevance and quality). Imagine if education framework is used for preparing next generation of entrepreneurs. So, why should education system give way for entrepreneurship in its curriculum? If you are already living a life of an entrepreneur, it is not a difficult sell. In fact you must know more points than I do, but if not, let me give these 5 reasons (out of the many) that come to my mind. Continue reading

What it actually takes to make it as an entrepreneur ?

A piece of modern art hangs on the wall within Communitech in Kitchener's historic Tannery District in Kitchener, Ontario, March 18, 2014. Kitchener, historically the blue-collar twin to the university city of Waterloo, is today home to chic offices such as the Communitech building - a converted brick structure in the the historic Tannery District, adorned with modern art, which acts as an unofficial clubhouse for many small tech companies. Picture taken March 18, 2014. REUTERS/Euan Rocha (CANADA - Tags: EDUCATION SCIENCE TECHNOLOGY BUSINESS) ---- (Euan Rocha/Reuters)

A young male who was born to be an entrepreneur drops out from a computer-science program at a prestigious university.  He meets a powerful venture capitalist who is so enamored with his idea that he gives him millions of dollars to build his technology.  Then comes the multi-billion-dollar IPO.

That’s the Hollywood version of Silicon Valley.  But it is as far from reality as is Disneyland.  Entrepreneurship is never that easy and the stereotype of the startup founder is not representative of the technology world.  Yes, there are a few, such as Mark Zuckerberg and Bill Gates, who made it big.  But they are the outliers—and they too don’t fit the stereotype. Here are six myths about what it actually takes to make it: Continue reading