1 / 44

WEEK 14: APRIL 20

WEEK 14: APRIL 20. MBAX 6860 : Bootstrap Tactics for Entrepreneurs. BOOTSTRAP LEADERSHIP. OVERVIEW . Leadership defined Are leaders born or made? Leadership qualities My take on it… Task comments : PR, Operations Final exam Course wrap-up. LEADERSHIP DEFINED. LEADERSHIP DEFINED.

nteresa
Download Presentation

WEEK 14: APRIL 20

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. WEEK 14: APRIL 20 MBAX 6860 : Bootstrap Tactics for Entrepreneurs • BOOTSTRAP LEADERSHIP BOOTSTRAP

  2. OVERVIEW • Leadership defined • Are leaders born or made? • Leadership qualities • My take on it… • Task comments : PR, Operations • Final exam • Course wrap-up BOOTSTRAP

  3. LEADERSHIP DEFINED BOOTSTRAP

  4. LEADERSHIP DEFINED • Leadership is the ability to influence individuals or groups toward the achievement of goals. (Carnegie) • Leadership is a function of knowing yourself, having a vision that is well communicated, building trust among colleagues, and taking effective action to realize your own leadership potential. (Unknown) • The definition of leadership is influence (Drucker, 2003) • A practical definition of leadership is a process that will define the future of an organization , aligns people with that vision, and inspires others to make it happen, despite obstacles (Kotter, 1996). • Leadership is the ability to help people and organizations surpass themselves. (Sanborn, 2004) • The definition of leadership is followers. (Napoleon) BOOTSTRAP

  5. LEADERSHIP QUALITIES BOOTSTRAP

  6. LEADERSHIP QUALITIES • Amazing communication skills • Set expectations, listen, feedback • Become a master of change • Earn trust • Build enthusiasm • Get involved – Action speaks louder than words • Know your stuff • Continue to grow and develop • Know yourself! • Ability to motivate people around • Honesty • Visionary outlook • Select a good team • Ability to stand against critics • Consistency BOOTSTRAP

  7. LEADERSHIP QUALITIES BOOTSTRAP

  8. LEADERS BORN OR MADE? BOOTSTRAP

  9. LEADERS BORN OR MADE? • BOTH! • Some have a tendency/talent in “typical” leadership qualities; ie, good communication skills, ambitious, confidence, self-esteem… • Others may not have been “blessed” with certain attributes, but have the opportunity to learn leadership skills – examples. • Everyone has the opportunity to learn to be a leader. BOOTSTRAP

  10. MY TAKE ON IT… • Know yourself FIRST • Then…assess your leadership capabilities/talents • Even more important for bootstrappers • Enhance/cultivate what you do well • Communicate, communicate, communicate • Study/learn leadership! It’s a lifelong journey BOOTSTRAP

  11. TASK COMMENTS / PR • FORMATTING! • Like a resume – if it’s not standardized, tossed away • FOR IMMEDIATE RELEASE in upper left-hand corner • Reference your website in body of article • Good use of quotes – credibility and more interesting BOOTSTRAP

  12. TASK COMMENTS / PR • The art of the title • Evocative, short, different, interesting, intriguing • Examples • FAQ’s • Answer question directly, THEN discuss • Incorporate as many of the senses as possible • Patrick’s sample of music, Lydia sample of artwork, sample of YouTube the game…GREAT! BOOTSTRAP

  13. TASK COMMENTS : OPERATIONS • Operations is an area not to bootstrap fully • Spending money on more robust systems in the front-end will pay huge dividends down the road. Plus, less headaches! • IS are key systems! • Internet, email server • Data back-up • Customer database • Integration of all functionalities BOOTSTRAP

  14. TASK COMMENTS : OPERATIONS • Determine/create triggers for growth • Customer service, manufacturing volume, etc. • Ex : “…I will hire a full-time CS person at higher volumes..”- what is this volume? Determine it. 35 calls per day? 50? Plan! • DOCUMENT everything! • Enables growth • Least expensive insurance policy BOOTSTRAP

  15. OPEN ISSUES • How to transition leadership from bootstrap stage to growth stage • DELIBERATELY!! • Place in the hands of board, but determine the transition plan TODAY, based on: • Strengths & weaknesses • Effectiveness – turnover, performance, culture • This is SO important. Talk about it today and deliberately plan for a successful transition BOOTSTRAP

  16. FINAL EXAM • Friday, April 27 9:30am – 12:15. Wolf 301. • Expectations • Essay, short answer • Emphasis on the “why” and analysis – support all your decisions and assumptions • Can use a computer to complete • THEN…time to celebrate! BOOTSTRAP

  17. REVIEW OF COURSE AGREEMENT • We did it! BOOTSTRAP

  18. THE COURSE EXPERIENCE BOOTSTRAP

  19. THE COURSE EXPERIENCE • Pursuit of passionate business is fun! • You do work you don’t want to do • Perfectionism – not having enough time to do an awesome job • Decision-making. Not knowing all the answers and not having enough time or information BOOTSTRAP

  20. THE COURSE EXPERIENCE • Overwhelm! • Paperwork-tasks you find unhelpful or meaningless • Uncertainty • Control over destiny BOOTSTRAP

  21. THE COURSE EXPERIENCE • Autonomy to do what you want • Connecting with like-minded individuals • Breaking down barriers and eliminating fears • Feeling like you haven’t accomplished anything even after a 14-hour day BOOTSTRAP

  22. THE COURSE EXPERIENCE • Freedom of expression • Increased self awareness • Increased confidence • THE EXCITEMENT OF POSSIBILITY! BOOTSTRAP

  23. THE COURSE EXPERIENCE • YOU HAVE EXPERIENCED WHAT A TRUE BOOTSTRAPPER EXPERIENCES...what will you do now?…. BOOTSTRAP

  24. COURSE WRAP-UP • BOOTSTRAP LESSONS BOOTSTRAP

  25. Thinking is the great equalizer BOOTSTRAP

  26. Creativity, innovation, and hard work (sweat equity) can substitute for money BOOTSTRAP

  27. Determine what you want out of your business BOOTSTRAP

  28. Be passionate about your business BOOTSTRAP

  29. Know yourself, then know your business BOOTSTRAP

  30. Investment money is available, but at a cost BOOTSTRAP

  31. Nothing happens until something is SOLD BOOTSTRAP

  32. Don’t do it all alone. Asking for help is the surest sign of courage BOOTSTRAP

  33. There are many talented service providers available to help BOOTSTRAP

  34. There is ready access to an (over)abundance of information from professionals and the web BOOTSTRAP

  35. There is a creative solution to every bootstrap problem BOOTSTRAP

  36. Time is the most valuable asset for all, especially for a bootstrapper BOOTSTRAP

  37. Surround yourself with amazing people BOOTSTRAP

  38. Don’t hide your light under a bushel; let the world see you shine BOOTSTRAP

  39. Networking is paramount, as are good partners BOOTSTRAP

  40. Bootstrapping is extraordinarily hard work BOOTSTRAP

  41. Bootstrapping is lonely BOOTSTRAP

  42. Bootstrapping can be a stage to make a difference and fulfill your dreams BOOTSTRAP

  43. Bootstrapping is joyous BOOTSTRAP

  44. ` • “Work hard, play hard. And don’t forget to enjoy the ride.” • --Erick Mueller BOOTSTRAP

More Related