Trustco — Conference Presentation (March 2018)
20 slides from Trustco's conference presentation, March 2018
Slide 1: Get Out of Your Own Way!
GET OUT OF YOUR OWN WAY! Follow the QVR CODE on social media / #QVRFAQ Quinton van Rooyen @qvr_ @trustco_group
Slide 2: What is an Entrepreneur?
What is An Entrepreneur? A person who sets up a business or businesses, taking on financial risks in the hope of profit.
Slide 3: Why entrepreneurship is important in society
Why entrepreneurship is important in society -The economic success of nations worldwide is the result of encouraging and rewarding entrepreneurship. -The impact of entrepreneurship capital might be greater than knowledge capital – why?
Slide 4: Global Entrepreneurship Index
Global Entrepreneurship Index
Slide 5: US Score - 1st
US Score - 1** United States Global Rank: 10f 137 Overall GEI score: Individual score: Institutional score: entrepreneurial qualities of quality ofthe institutions the people intheecosystem that support entrepreneurship I “ys GLOBAL #8 ENTREPRENEURSHIP am INDEX Strongest area: Weakest area: Startup
Slide 6: Tunisia Score - 1st in Africa
Tunisia Score - 1** in Africa Tunisia Global Rank: 40 of 137 Overall GEI score: Individual score: Institutional score: entrepreneurial qualitiesof quality ofthe institutions the people intheecosystem that support entrepreneurship \_ wee GLOBAL 8 ENTREPRENEURSHIP Com INDEX Strongest area: Risk Capita
Slide 7: Namibia's Score
Namibia’s Score Namibia Global Rank: 61 0f 137 Overall GEI score: Individual score: Institutional score: entrepreneurial qualities of | quality of the institutions the people inthe ecosystem that support entrepreneurship \_ »% GLOBAL @ ENTREPRENEURSHIP om) INDEX Strongest area: Weakest area: Product
Slide 8: Lowest Score
Lowest Score Chad Global Rank: 137 of 137 Overall GEI score: Individual score: the people intheecosystem that support entrepreneurship ENTREPRENEURSHIP tam” INDEX Institutional score: entrepreneurial qualitiesof quality ofthe institutions Strongest area: Product Innovation Component scores Weakest a
Slide 9: Starting a business
Starting a business Start Building! Enforcing Contracts: 460 days Paying taxes: 302 hours / 37 8-hour days Export compliance: 120 hours / 15 8-hour days Import compliance: 6 hours / 1 8-hour day
Slide 10: Success? It depends on you!
Slide 11: Stop the fear!
Stop the fear! -We must not be paralyzed by fear. -Take the risks, fail and learn from it. But… -Successful entrepreneurs use fear and failure as a stepping-stone to success.
Slide 12: Chasing the success of others
Chasing the success of others -Only (only!) take note of the success of others, but don’t let it consume you. -Bly in jou baan. -We all have the potential and ability to become a success. -Don’t focus, or waste energy on what others are doing.
Slide 13: You don't know everything
You don’t know every- - It doesn’t matter how much you know, we all need to learn from others. thing Informal advisors include: Professional advisors include: •Other business owners • Lawyers • Friends and family •Accountants • Social Media pages & internet •Bankers •Members of other entrepreneurial
Slide 14: No bling before profits
No BLING BLING BLING before Bling profits BLING BLING BLING BLING BLING -You are going - BLING to fail if you focus only on material BLING gains (like Range Rovers) and not a legacy. BLING - Continuously invest in products and services BLING that generate revenueBLING and employment. BLING - Most im
Slide 15: Owning your mistakes
-If you make mistakes, “vat dit op die bors pappa” and claim it! -This is business, things don’t always go according to plan. -Identify the problem and find a solution. -Continued excuses will make you repeat the same mistakes over and over.
Slide 16: Getting wrapped in your own ideas
Getting wrapped in your own - Your first idea is not always the best one. - Move beyond your ideas and take action! ideas-Your own ideas won’t naturally create concise profits. -Lay out those details and get untangled.
Slide 17: You're not an island
You’re not an island -Sole proprietors also need people. -For smarter, innovative ways of doing business, continuous consultations are needed. -Be willing to learn and open up to those around you in order to succeed. -Most importantly, you need the skills to appoint the right people.
Slide 18: Don't take negativity to heart
Don’t take negativity to heart • • • •• • -You are bound to meet “haters” who don’t agree with your ideas. -The more unique your ideas, expect people to tell you otherwise. • -Confucius said: “If someone spits behind your back, it means you are in front of him“ • •
Slide 19: Funding
Funding There are mainly 5 Sources of Funds: - Inherit, - Beg, - Steal, - Save, - Borrow In order to be a successful borrower, you need: - Successful business model - Experience - Keep an eye on your credit record!
Slide 20: Q&A
QVRCODE Q&A Follow the QVR CODE on social media / #QVRFAQ Quinton van Rooyen @qvr_ @trustco_group
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