how to fail less simon...
TRANSCRIPT
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www. .com
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1993 -1998 Ernst & Young in Amsterdam, Holland.1998 -2018 Wayside Technology Group, Inc. (2006-2018 Chairman & CEO), France, USASept. 2018 NJIT, VP of Business Incubation and Executive Director Commercialization
Graduate of the Advanced Management Program at the Harvard Business School
Ernst & Young Entrepreneur Of The Year® 2011 New Jersey Award in the Technology Services category.
2016 Smart CEO Corporate Culture Winner, 2017 “future 50” award
Best Places to Work in NJ 2012,2013,2014,2016,2018
Chairman of NJTC 2007-2015 and current board member
Co-owner NPSL semi-pro team “FC Monmouth”
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HOW DOES SOCIETY DEFINE SUCCESS?
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SUCCESS
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“If you don’t know what harbor you are aiming for, no wind is the right wind.”
Seneca
“Not to have control over the senses is like sailing in a rudderless ship, bound to break to pieces on coming in contact with the very first rock” Ghandi
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3 REQUIREMENTS FOR HAPPINESS
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When are you truly rich? External factors
HEALTH
TIMEMONEY
TRULY RICH
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FOCUS ON WHAT YOU WANT TO ACHIEVE
WHO is most successful entrepreneur in Egypt?
What TV shows focus on entrepreneurship?
What is the best start up of last year?
Who is best Engineering/ computer science /arts/ math student ?
What region is fastest growing and in what sector?
What TV shows focus on success and celebrate success?
What do I really want to do with my life?
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COMING HOME
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• How do we make a compelling offer to customers who already have more than enough choices in terms of what we are selling?
• How do we break from the pack when the pack keeps getting bigger and louder every year?
CHALLENGE
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DELIVERING THAT VALUE SOMETIMES DISRUPTS A COMPLETE INDUSTRY
Apple, UBER, AIRBNB, WeWORK, NETFLIX, BLOCKCHAIN
HOW? | ANSWER JUST TWO QUESTIONS
1. How can we TRULY add value?
2. How will we get paid for this?
always the 2ND question, never the first!!
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• IKEA: To create a better everyday life for the many people.
• Tesla: To accelerate the world's transition to sustainable energy.
• EGYPT?
• Your company? Your organization / university?
• How about yourself? How about you?
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3 WAYS TO LEAD
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Real life | revenue
-
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
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CUSTOMER RESEARCH; A CHANGING WORLD
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In 1950, Europe’s population was 20% of total world population, now less than 10%.
Africa and Asia enormous growth
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EVERY YEAR 2.5 Million babies are born in Egypt.(twice as fast as in USA and 3 times as
fast as in Germany)
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USA
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SOME TIPS
• LEARN ENGLISH, because it opens the world of knowledge
• WATCH YOUTUBE FOCUS ON SUCCESS
• KHAN ACADEMY AND OTHER FREE EDUCATIONAL RESOURCES
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