Entrepreneurial process model

Entrepreneurial process model

Mr. Geoffrey Timmons presented the model of entrepreneurial process or the success model of venture capitalists, which shows that the central factor should be the interaction and integration between the three factors of opportunity, team and resources. That is, founders and investors should focus on these factors to increase the chance of success by maintaining a balance between these factors.
We go through the two factors of resources and opportunities and examine the important factor of the entrepreneurial team.

Entrepreneurial team

The entrepreneurial team is a key element in high-potential businesses. Investors are attracted by the creative ingenuity of the team manager. John Doerr (one of the most famous venture capitalists) says:
I am an entrepreneur and a first-class team with a second-class idea; I prefer it to a second-rate team with a first-rate idea. Duer explains that today in the real world, there is a lot of technology, there are a lot of entrepreneurs, there is a lot of money, there are a lot of venture capitalists (of course, this is a different case in Iran), but what is lacking are teams. It is wonderful. Your biggest challenge is building a great team.

In another case, Arthur Rock (he is also a famous investor) says about the importance of the team: If you can find good people, they can always change the product. Almost all the mistakes I made were due to choosing the wrong people, not the wrong idea.
Clearly, a new risk-taking business needs an entrepreneurial leader who has characteristics such as teaching, cohesion, flexibility, collective welfare, honesty, creating the right organizational culture, and the like, but risk-taking business With high potential, he needs interpersonal skills to strengthen communication and thus build a team.

In fact, it can be said: the ability and skill to attract other key members of the management and then build a team is one of the valuable abilities that investors look for (personally, I have rarely seen this case being important in Iran).

Amir al-Mominin divides people into two groups, which is very interesting and strangely applicable today. There are two groups of people: people of this world and people of the hereafter. The people of the world are divided into four categories, which are the basis for classifying ineffective followers:

First group:
A quiet and sheepish people. No corruption can be seen from these; Because they don’t have it. They wish for these things, but they don’t appreciate doing them.
The second group:
They both desire corruption and its courage and strength (their task is clear).
The third group:
There are wolves in sheep’s clothing. The people of this world in the guise of the people of the hereafter. They appear in such a way that they attract trust.
The fourth group:
Those who miss your lordship and leadership and burn their worth in the fire; Humiliation of the self, they sit in the house and in order to draw a curtain on this humiliation, they wear the clothes of ascetics and piety.

I deeply feel that the first, third and fourth groups are much more dangerous and of course very familiar.

Sincere
@startup_30T

This post is written by Rimaazz1