Entrepreneurs Development - Is It Important?
Let's take a look at some statistics ...
Contribution of SMEs to Jobs Creation
Contribution of SMEs to Country's GDP
The rising significance of SMEs in developing countries
The creation of more SMEs or start-ups, create more jobs, more wealth and more local business ownership, leading to less dependency on external economic forces.
The Singapore Journey
By the mid 90’s, Multi-National Corporations (MNCs) were slowiyshifting manufacturing to China and other developing countries. Singapore was less competitive and more expensive. They couldn’t depend on large corporations to provide business and employment anymore. They had to shift their economic strategy.
The solution was to create more SMEs, which provided jobs and generated profits.
Singapore had to create more startups.
It is Obvious. Entrepreneurs are Critical to a Country's Economy!
But there was a big problem. The unofficial success rate of entrepreneurial startups had been a mere ...
Ok, it is pathetic. We know. But why are the 2% successful? What is their secret ingredient for success?
Then, at ...
Nanyang Technological University. Founded 1955.
1st in Asia & 12th Globally. Ranked by QS World University Ranking.
Startup accelerator program was started from 2007-2010 reported less than 3% success rates from academic and commercial startups, after 24 months of incubation.
Each startup was supported with US$30,000 funding, access to Fortune 100 level of training, technical and manpower resources.
Then something changed.
Within 6 months, startups began to report early successes and in 12 months, success rates jumped from ...
to
What was the Secret Ingredient for success?
Changing the game
Mr. Fred Then, a partner of Peak My Performance, was appointed as the 1st Director of Entrepreneurship at the NTU Ventures. In NTU, he noticed that widely-used Silicon Valley methodology did not yield results in Asia. So, he worked and trialled a new, uniquely Asian approach.
They implemented a regime that focused on shifting the limiting beliefs and changing the “inner game”.
This was followed by the skill and knowledge training based on Design Thinking & Lean Startup Methodologies. The result? Team dropouts was reduced by 80% and success rates soared to 30% for software projects an 60% for hardware projects.
IT'S NOT ABOUT SKILLS
IT'S ABOUT MINDSET!
By changing the mindset, the resulting success rate improved from 2% to 30% for software business and 60% for hardware business. That was what happened.
Mindset!
How It Works?
Here's our secret (seriously).
This is how we turned 3% success rates to 30% just 6 months.
Change your inner game
Current thinking assumes that more knowledge or the right skills gets you to next success. That's crap. You cannot solve the problem at the same level as the problem. We've found that eliminating your negative beliefs is the fastest way to get positive and permanent changes in your life and your career.
Getting the right mindset
Knowledge is the easiest thing to acquire in today's world.
Yet people still fail. Why?
Steve Job (Apple), Richard Branson (Virgin), Akio Morita (Sony) succeeded because they had the mindsets which allowed them to create and persevere. We'll teach you how to acquire these right mindsets.
Practice, practice & practice!
You don't get to be a world class sprinter by thinking about it.
It's all about hard work and having a routine that allows you to practice and master the skills needed so that you can CREATE your own success!
Teach
Maybe this isn't as weird as it sounds. But we'll provide you with opportunities to teach what you have learnt. Teaching a subject is a proven brain hack to ensure that you internalise your knowledge/skill ... and it is a great way to pay it forward!
Our Entrepreneurs Development Program
Mastering The Inner Game
- 25% of the total training time is spent on identifying the unproductive beliefs and removing them.
- The neuroscientific understanding of the subconscious brain
- Reprogramming your subconscious for success.
- Methodologies taught include:
- Basic Meditation
- Emotional Freedom Technique
- Body Code
- JinShin Jyutsu
Ideation & Finance
- 30% of the total training time is spent on design thinking to identify a viable business idea.
- Planning & execution of fund-raising activities.
- Participants will learn & practice :
- Design Thinking
- Business Model Canvas (BMC) Methodology
- Business Planning with BMC
- Financial business planning
- Fund-raising planning
- Grant writing
Prototyping & Testing
- 30% of the total training time is spent on developing & testing product/service prototypes.
- Development of marketing plans.
- Development of rollout plans.
- Development of post-launch activities.
- Development of support plans.
- Participants will work on :
- Building & testing prototypes
- Validating initial business assumptions
- Validating market interest
- Pre-Launch promotional activities
Launch
- 15% of the total training time is spent on soft launch activities.
- Execution of pre-launch plans.
- Soft launch with Version 1.0
- Participants plan and launch their product/service:
- Using Lean Startup Methodologies to accelerate the product life cycle and make on-the-fly improvements.
- Full launch with improvements within 8 weeks for Version 2.0
Participants will learn:
- How to remove negative beliefs that block performance
- Concepts of entrepreneurship
- Lean startup methodology
- Basics of Design Thinking
- Psychology of Effective Persuasion
Objectives:
- Remove mental blocks to their motivation.
- To provide a basic roadmap of skills needed by startups.
Participants will learn:
- How to remove negative beliefs that block performance
- Concepts of entrepreneurship
- Lean startup methodology
- Advance Design Thinking
- Launch your business
- Practice sessions
Objectives:
- Remove mental blocks to their motivation.
- Planning of actual business
- Hands-on skills practise
Participants will learn:
- How to remove negative beliefs that block performance
- Concepts of entrepreneurship
- Lean startup methodology
- Advance Design Thinking
- Launch your business
- Practice & Mentoring sessions
Objectives:
- Remove mental blocks to their motivation.
- Planning & launch of actual business
- Mentoring by experts
Are you ready to find out how we can help you succeed?
Send us an email if you have any question or just want to sign up.