Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

20140207 tsigos glc2014


Published on

The journey from an idea, to a product and to a sustainable business: My presentation at GLC 2014, Nantes, France

Published in: Business, Education

20140207 tsigos glc2014

  1. 1. Global Leadership Conference Association of MBAs Audencia Nantes, France 6-9 February 2014
  2. 2. Create! From concept/idea to product and from product to business Dimitris Tsigos President, YES – European Confederation of Young Entrepreneurs
  3. 3. Questions & Decisions • Why • What • How
  4. 4. Why? • Maximize income, wealth • Catch the wave (ride the bubble?) • Create an organization larger than & independent from you • A way of living
  5. 5. Entrepreneurships Vs Business
  6. 6. Sustainability Vs Domination From pyramids to pancakes © Josephine Green
  7. 7. What? • “I want to startup, I just don’t know what to do” • It doesn’t really matter! • Prerequisite is simply to like it
  8. 8. Must-have Vs Nice-to-have
  9. 9. Creative copying  “Immature poets imitate; mature poets steal; bad poets deface what they take, and good poets make it into something better, or at least something different.” ― T.S. Eliot, The Sacred Wood
  10. 10. How? • Here’s where the great misunderstanding is • The “garage s/w” model does not really work • Thin & lean is the way to go • Management should be in the startup’s
  11. 11. Reasons to fail • Most of the failed startups lacked management skills and capacity • Founders should never underestimate the necessity for management skills & processes • Founders often hesitate to add management skills to the team
  12. 12. The management leap • Many startups fail to make the leap from 1M to 5M in revenues • Failure to introduce management structure • The most difficult change a company has to manage in its early years
  13. 13. A startup is … • …an innovative, creating, dynamic, aiming-to-grow… • …BUSINESS! • It then should be always run as a proper business • Tools, techniques, methodologies • As lean as possible, but not more.
  14. 14. Thank you 