What Entrepreneurs can Learn from Thermodynamics

1. The 3 Laws of
Thermodynamics
Entrepreneurship
@ksrikrishna
http://dog-earz.com/

2. Today's Lesson
Sadi Carnot
1796 - 1832 JW Gibbs
1839 - 1903

3. The
Three
Laws of
Thermodynamics

4. 
You can't win!
You can only
break even!

5. 
You can
break even only
at absolute zero
(0° Kelvin)

6. 
You can't reach
absolute zero!

7. Conservation
of energy
 You can't win!
You can only
break even!
Entropy  You can
break even
only at absolute zero
(0° Kelvin)
Absolute Zero  You can't
reach absolute zero
(0° Kelvin)

8. The
Three
Laws of
Entrepreneurship

9. 
You can't fail!
You can only win!

10. 
You can
win only if you
persevere

11. 
You can
persevere only
with the right
attitude

12. Passion
 You can't fail,
you can only
win!
Patience  You can
win only if you
persevere
Prudence  You can persevere
only with the right
attitude

13. Passion PRIDE
Patience PIG HEADED
Prudence COM PLACENT

14. The Pre-work

15. What do you
WANT?

16. Why?

17. How will you
recognize
success?

18. The
Ingredients

19. People

20. Problem

21. Unique Solution

22. Other stuff
Business Plan
Capital
Debt
Equity
Idea
Product
Service
Venture Capital
Sales force
Marketing
Engineering
Design
Angels

23. Details
Cash flow
Contracts
Customers
Expenses
Features

24. Zeroth Law
If two thermodynamic systems are
each in thermal equilibrium with a third,
then they are in thermal equilibrium with each other.

25. Enjoy the journey