Startup Wednesday 1: Introduction & Team Building

Session 1 Introduction to the course Entrepreneurial role models Motivation Building a team

Introducing us… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Introducing you… ,[object Object],[object Object],[object Object],[object Object],[object Object]

Course programme 2pm-4pm in Arts Building S21 Finding role models and teams 20 Oct 1 Generating ideas 10 Nov 2 Planning your first year 24 Nov 3 Branding and building a website 8 Dec 4 Pitching and raising finance 12 Jan 5 Marketing and PR for startups 26 Jan 6 Selling and negotiating 9 Feb 7 Accounting and legal issues 23 Feb 8 Running an office and bookkeeping 9 Mar 9

Sergey Brin Born: Moscow Resident: California Emigrated from Russia at the age of 6. Met Larry Page at Stanford and worked on the project that became Google. Together they founded Google Inc. in 1998. Back

Surinder Arora Born: Punjab Resident: London Joined his parents in the UK at 13. Worked for British Airways, then Abbey Life whilst working as a waiter in the evenings. Launched a B&B to serve staff at Heathrow Airport, which later grew into the 5,500 bedroom Arora chain. Back

Richard Reed Born: Huddersfield Resident: London Met co-founders Adam and Jon at Cambridge University, then went into advertising, before quitting to start Innocent in 1998. Launched in France, Holland & Belgium in 2004 and in Germany, Sweden & Austria in 2007. Back

Sophi Tranchell Born: UK Resident: London Moved frequently with her parents, finally settling in Hammersmith. Sophi helped to launch Divine Chocolate, a Fairtrade chocolate brand, which is 45% owned by Ghanaian farmers. Back

Why did they become entrepreneurs?

Entrepreneurs are happier Source: Gallup-Healthways Well-Being Index, USA, 2009

Q: Who are your entrepreneurial role models? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

How to make an entrepreneur Motivation “ I want to start it” Self-efficacy “ I believe I can start it” Entrepreneurial spark Skills Planning Networking Negotiation Knowledge Co- founders Co- founders

Q: What is the optimum number of founders? 1 2 3/4

What to look for in a co-founder ,[object Object],[object Object],[object Object],[object Object],[object Object],If somebody you want as a co-founder is already working on a major project, convince them to come on board part-time. When your idea takes off they’ll soon go full time!

How to find a co-founder ,[object Object],[object Object],[object Object],[object Object]

How to find a mentor ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Belbin’s model ,[object Object],[object Object],[object Object],[object Object],[object Object]

Co-ordinator (CO) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Role: To control and organise the activities of the team, making best use of the resources available As a person: Mature, calm, self-confident, fair minded, quietly charismatic M, Gordon Brown, Sven-Goran Eriksson

Shaper (SH) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Role :To give shape and form to the team’s activities As a person: Outgoing, dynamic, challenging, has drive and courage Gordon Ramsey, Arnold Schwarzenegger, Margaret Thatcher

Plant (PL) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Role :To act as a prime source of ideas and innovation for the team As a person: Individualistic, intellectual, serious minded, unorthodox, creative Q, Alan Titchmarsh, J K Rowling, Justin Hawkins

Resource Investigator (RI) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Role: To explore outside resources and develop contacts that may be helpful to the team As a person: Enthusiastic, extrovert, communicative, good under pressure Richard Branson, Anita Roddick, Ruby Wax, ‘Del Boy’

Implementer (IM)* ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Role: To translate general concepts and plans into a practical working brief and to carry out that brief in a systematic fashion. As a person: Disciplined, reliable, conservative, hard-working, predictable * Sometimes also called ‘Company Worker’ Charlie Dimmock, David Beckham, Scotty (Star trek)

Monitor Evaluator (ME) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Role: To analyse ideas and suggestions both from within and outside the team and to evaluate their feasibility and practical value in terms of the team’s objectives. As a person: Highly intelligent, sober, strategic, critical, sceptical Tony Benn, Jeremy Paxman, Simon Cowell

Team Worker (TW) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Role: To help individual members to achieve and maintain team effectiveness As a person: Socially oriented, mild, likeable, sensitive, perceptive Mo Mowlam, Sharon Osbourne, Matthew Pinsent

Completer Finisher (CF) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Role : To ensure that the team’s efforts are as near perfect as possible and that nothing gets overlooked As a person: Conscientious, orderly, anxious, painstaking Miss Moneypenny, Jonny Wilkinson, Paula Radcliffe

Task People Ideas The Team Role Triangle Completer Team Worker Implementer Shaper Monitor Evaluator Plant Resource Investigator Co - ordinator

Startup Wednesday 1: Introduction & Team Building

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