The document discusses the development of entrepreneurial skills through learning and experience. It profiles Warren Buffett and the 37 specific learnings and jobs he had from a young age that helped him become a successful entrepreneur and investor. These learnings demonstrate that entrepreneurship is a skill that can be developed over time through continuously seeking out new experiences, rather than something someone is born with.

1. Conclusion

2. Acceleration
1 Successful candidates will be contacted in next 2 weeks
2 No equity. No cost.
3 3-month coaching. 50+ expert modules. 100+ mentors.
4 Slides – Google “Paul Shaw Smith Slideshare”

3. Aspiring
Entrepreneurs
Exceptional
Entrepreneurs

4. Is passion essential to building a
successful startup?

5. Source: Cooper et al. (1990)
0 1 2 3 4 5 6 7 8 9 10
Very
False
Very
True
I look forward to returning to work when I am away from my work

6. Source: Cooper et al. (1990)
0 1 2 3 4 5 6 7 8 9 10
Very
False
Very
True
I accomplish a lot because I love my job

7. Source: Cooper et al. (1990)
0 1 2 3 4 5 6 7 8 9 10
Very
False
Very
True
Most of my life’s satisfaction is derived from my work

8. Is passion essential to building a
successful startup? NO!
There was no significant relationship between passion
and business performance Cooper et al. (1990)

9. =
Passion
+
No skill Failure

10. Skills are more important than passion
=
No
passion
+
Skills Success

11. Best case
=
Passion
+
Skills Success

12. How do you develop entrepreneurial skills?

13. A BORN ENTREPRENEUR?
My wealth has come from a combination of
living in America, some lucky genes, and
compound interest...

15. Born 1930

16. Learning 1: dad was a stockbroker

17. Learning 2: chewing gum business

18. Learning 3: coke business

19. LEARNING 4: BASEBALL JOB

20. LEARNING 5: INVESTMENT IN STOCK (11 YRS)

21. Learning 6: meet Sidney Weinberg

22. LEARNING 7: BUSINESS GOAL
I want to be a millionaire by the time I am 35
– Warren Buffett, 1941

23. LEARNING 8: DAD’S BUSINESS BOOKS

24. LEARNING 9: READ

25. LEARNING 10: WORKED AT BUFFET & SONS

26. LEARNING 11: NEWSPAPER DELIVERY JOB

27. LEARNING 12: MAGAZINE BUSINESS

28. LEARNING 13: 2ND HAND GOLF BALL BUSINESS

29. LEARNING 13: CALENDAR BUSINESS

30. LEARNING 15: CADDYING JOB

31. LEARNING 16: READ STOCK PAGES DAILY

32. LEARNING 17: BUSINESS LIBRARY BOOKS

33. LEARNING 18: SNOW SHOVELLING JOB

34. LEARNING 19: INVESTED IN HARDWARE STORE

35. LEARNING 20: HORSE RACE BETTING BUSINESS

36. LEARNING 21: TIP SHEET BUSINESS

37. LEARNING 22: GOLF BALL REFURB BUSINESS

38. LEARNING 23: STAMP COLLECTION
BUSINESS

39. LEARNING 24: CORNFLAKE & DOG
BISCUITS

40. LEARNING 25: CAR BUFFING BUSINESS

41. LEARNING 26: PINBALL BUSINESS

42. LEARNING 27: FARM INVESTMENT

43. LEARNING 28: STUDIED BUSINESS LEADERS

44. LEARNING 29: STUDIED AT PENN

45. LEARNING 30: STUDIED AT UNL

46. LEARNING 31: MASTERS AT COLUMBIA

47. LEARNING 32: TAUGHT BY BEN GRAHAM

48. LEARNING 33: LEARNT TEXTBOOK BY
HEART

49. LEARNING 34: STUDIED AT nyif

50. LEARNING 35: WORKED AS A
STOCKBROKER

51. LEARNING 36: TAUGHT INVESTMENT CLASS

52. LEARNING 37: INVESTED IN A GAS STATION

53. LEARNING 37: WORKED FOR BEN GRAHAM

54. STARTED INVESTMENT BUSINESS AT 26 YRS

55. Entrepreneurship is a learned skill!

56. Who believes they become a better
entrepreneur in the last 48 hours?

61. 100 MILLION TREES SAVED

63. HAGEN STEHR

64. PROBLEMS