Reza Satchu’s Post

qualities like interest in novelty, being able to think on your feet and, believe it or not, age. We know all this thanks to data compiled and constantly updated by the Founder Institute. A radically new idea in itself, the Founder Institute is a school/incubator of sorts with chapters in Silicon Valley, San Diego, New York, Boston, Houston, Brussels, Berlin, Paris, and Singapore. Its goal is to train entrepreneurs in the skills they need to start 1,000 companies a year. This is entrepreneurship at a tremendous scale. Using seasoned entrepreneurs as teachers (disclosure: I guest lecture there) is not a new concept. What's different about the Founder Institute is the data it collects and funnels back into its admissions process. As Michael Lewis described in "Moneyball," statistics, data mining, and predictive analysis -- mathematics seeking to remove human bias -- often trump the best baseball scouts in finding sporting talent. It turns out the same is true for entrepreneurs. In a one-hour, comprehensive battery of tests, the Founder Institute measures intelligence, aptitude, and psychology's big five personality traits. Each student receives a score of 0 to 5 (higher is better), predicting how well he or she will do as an entrepreneur. https://lnkd.in/e5TE6XZE

🚀 Starting a Business: A Journey of Challenges & Growth The journey of starting a new business is never easy. It’s a mix of excitement, uncertainty, late nights, and continuous learning. From refining the idea to building a strong foundation, each step comes with its own set of challenges. Since launching FuturBright, I've encountered numerous hurdles, from navigating the complexities of the education sector to finding the right balance between strategy and execution. Yet, every challenge is an opportunity to grow, innovate, and refine our approach. Building a business from the ground up is as much about resilience and adaptability as it is about vision. I'm grateful for the lessons learned so far and excited for what's ahead in this journey of helping students unlock their full academic potential. #Entrepreneurship #Education #Challenges #FuturBright #StartupLife

✨And winter quarter is in session!✨ Thank you Joshua Hancock, Alexandra Taylor, Annika Singh, Claudia Longo, Sah Pham It's always so powerful to have University of Washington alums come back into the Business Plan Practicum. This year we had c/s, neuroscience, law, business students share what they'd done. Key Takeaways from UW alum's Entrepreneurship Journey: ✨Passion for the start up's mission cannot be replaced by skills. ✨If someone doesn’t give you a clear yes, it’s a no.  ✨The right team matters. Surround yourself with people who are genuinely invested in your vision, not just casually interested. ✨What you gain is proportional to what you invest. Show up, stay curious, and keep learning.  ✨Entrepreneurship is very much possible, yes there's going to be challenges, but it's not impossible

Entrepreneurial courses are crucial for several reasons. They equip individuals with essential skills such as business strategy, financial management, and marketing. These skills can help anyone—from aspiring entrepreneurs to seasoned professionals—identify and seize business opportunities, manage resources efficiently, and drive innovation. Many people, particularly those from less affluent backgrounds, often queue for jobs because traditional employment provides a sense of financial stability and immediate income. However, wealthier individuals may focus on creating businesses because they understand the potential for higher returns. Entrepreneurship can offer greater financial rewards than traditional wages, along with the freedom to shape one's own career and make impactful decisions. Our "Master in Business in the Streets" course is designed to bridge this gap. By joining, you'll gain practical business insights, learn effective strategies for success, and develop a mindset geared towards entrepreneurial achievement. This course could be your gateway to transforming ideas into profitable ventures and achieving financial independence.

📚 Introducing a Series based on "101 Things I Learned in Business School" Good Morning, Everyone - As someone with a deep love for books, I’ve always turned to them as sources of wisdom and guidance. Over the years, I’ve gathered learning from many volumes. One that stood out for its clarity and practicality is "101 Things I Learned in Business School." 📘 While I didn’t attend business school myself, I’ve spent years learning through hands-on experience in strategic finance, venture building, and entrepreneurship. This book was a useful and quick reference —a way to revisit the fundamentals and see how they align with the lessons I’ve learned in the real world. 💡 Every week, I’ll be sharing a key insights from the book, each post offering a glimpse into an essential, and relevant business concept. My goal is to help you reflect on these fundamentals and consider how they apply to your own business journey, whether you’re just starting out or have years of experience under your belt. 🔍 Together, we will explore a different lesson from the book, recontextualizing it for the challenges and opportunities we face today. While the series is inspired by the book, it’s grounded in practical experience—an invitation to think critically about how these timeless principles can be used to navigate the complexities of modern business. 🚀 I look forward to sharing these lessons with you and look forward to sparking discussions that deepen our collective understanding and drive further success for us all. 💬 #BusinessBasics #ContinualLearning #StrategicInsights

Week 7: In this session we were introduced to a crucial concept: the business model canvas. Consisting of; key partners, key activities, key resources, value proposition, customer relationships, channels, customer segments, cost structures and revenue streams, we dove into everything except the latter two concepts. Isaac Jeffries put major emphasis on this models importance to entrepreneurship as a whole. I soon came to understand why, not only realizing how practical and helpful it was but as well as the high praise for it from renowned entrepreneurs who have reaped the benefits of it’s success first hand, leaving a lasting effect on me. On the other hand our own project had started to make strides with our first set of customer feedback coming in. We began to dissect this information little by little and had differing ideas when it came to drawing conclusions. Realizing that we might need a bit more data we decided to pick up the pace and get more insights before making our final decision shortly. One thing is for sure, we all realized how much of a circular process design thinking it and how mistaken you’d be to think it was a linear methodology. Understanding that a big part of the process is not getting it in one go was a big part of our reflection. Lastly, the latter part of the session welcomes us to a wonderful entrepreneurial spirit who started out in this program and has gone onto to make her idea a reality - making a boat-load in the process. Much of her experience reinforced my previous revelation of design thinking being a non-linear process!

"The Algebra of Wealth" 📚📚📚 By: Scott Galloway explores the fundamental principles that govern wealth creation and personal success in today’s economy. Galloway combines humor, data, and personal anecdotes to break down complex concepts into digestible insights. Here are 7 key lessons and insights from the book: 1. 😊 The Formula for Wealth: Galloway introduces the idea that wealth can be understood through a simple equation: Wealth = (Income + Assets) x (Time). This formula emphasizes that both immediate income and long-term wealth accumulation through assets are essential, and the time factor plays a critical role in compounding growth. 2. 😊 The Importance of Education: Galloway stresses the value of education as a key driver of wealth. He argues that investing in education—whether formal or through self-directed learning—can significantly increase earning potential. The knowledge and skills acquired through education can lead to higher-paying opportunities and long-term financial security. 3. 😊 Focus on Skills Over Degrees: While education is important, Galloway points out that practical skills often hold more value than degrees. He encourages readers to develop marketable skills that align with demand in the job market, suggesting that adaptability and continuous learning are crucial for success. 4. 😊 The Power of Branding: Galloway emphasizes the significance of personal branding in today's economy. He argues that individuals should cultivate a strong personal brand by showcasing their unique value, expertise, and personality. A well-defined personal brand can open doors to opportunities and enhance career prospects. 5. 😊 The Role of Networking: Galloway highlights the importance of building a strong professional network. He suggests that relationships are a critical asset in wealth creation, as opportunities often arise through connections. Actively networking and cultivating relationships can lead to collaborations, mentorships, and career advancements. 6. 😊 Investing Wisely: The book discusses the necessity of informed investing as a means of wealth accumulation. Galloway advises readers to focus on understanding various investment vehicles, such as stocks, real estate, and businesses. He underscores the importance of diversification and making investment decisions based on research and analysis. 7. 😊 Embracing Entrepreneurship: Galloway encourages readers to consider entrepreneurship as a viable path to wealth. He discusses how starting a business can provide significant financial rewards and personal fulfillment. The risks associated with entrepreneurship can lead to substantial returns, especially for those willing to innovate and solve problems.

"The Algebra of Wealth" 📚📚📚 By: Scott Galloway explores the fundamental principles that govern wealth creation and personal success in today’s economy. Galloway combines humor, data, and personal anecdotes to break down complex concepts into digestible insights. Here are 7 key lessons and insights from the book: 1. 😊 The Formula for Wealth: Galloway introduces the idea that wealth can be understood through a simple equation: Wealth = (Income + Assets) x (Time). This formula emphasizes that both immediate income and long-term wealth accumulation through assets are essential, and the time factor plays a critical role in compounding growth. 2. 😊 The Importance of Education: Galloway stresses the value of education as a key driver of wealth. He argues that investing in education—whether formal or through self-directed learning—can significantly increase earning potential. The knowledge and skills acquired through education can lead to higher-paying opportunities and long-term financial security. 3. 😊 Focus on Skills Over Degrees: While education is important, Galloway points out that practical skills often hold more value than degrees. He encourages readers to develop marketable skills that align with demand in the job market, suggesting that adaptability and continuous learning are crucial for success. 4. 😊 The Power of Branding: Galloway emphasizes the significance of personal branding in today's economy. He argues that individuals should cultivate a strong personal brand by showcasing their unique value, expertise, and personality. A well-defined personal brand can open doors to opportunities and enhance career prospects. 5. 😊 The Role of Networking: Galloway highlights the importance of building a strong professional network. He suggests that relationships are a critical asset in wealth creation, as opportunities often arise through connections. Actively networking and cultivating relationships can lead to collaborations, mentorships, and career advancements. 6. 😊 Investing Wisely: The book discusses the necessity of informed investing as a means of wealth accumulation. Galloway advises readers to focus on understanding various investment vehicles, such as stocks, real estate, and businesses. He underscores the importance of diversification and making investment decisions based on research and analysis. 7. 😊 Embracing Entrepreneurship: Galloway encourages readers to consider entrepreneurship as a viable path to wealth. He discusses how starting a business can provide significant financial rewards and personal fulfillment. The risks associated with entrepreneurship can lead to substantial returns, especially for those willing to innovate and solve problems.

What advice would I give to my 20-year-old self? 💭 Earlier this week, I had the privilege of being invited back to the University of Leeds to speak to the new Enterprise Scholars at their Boot Camp, held at Weetwood Hall Estate | Hotel | Conferences | Events 💼 Nine years ago, I was in their shoes as an Enterprise Scholar, with a new business idea in mind but also uncertainty. Reflecting on that journey, it felt important not just to share successes but to also talk about the challenges, mistakes, and lessons that shaped the path forward 👣 Here’s what I shared with them—and what I’d tell my 20-year-old self: ❌ Failure isn’t fatal, it’s often just a stepping stone to the next opportunity 💡 Find the gap – what can you spot in the market that no else is seeing? 🌟 Use your resources – the Spark team is there to help—lean on their expertise 🧗♂️ Expect challenges – and know they’ll make you stronger 📚 Never stop learning – self-education is the ultimate superpower ➗ Know your numbers – cash is king; make sure you're keeping tabs on the £ 😎 Enjoy the journey – there’s no “final destination,” so take time to appreciate the ride! Thanks as always to the amazing, Spark team for the opportunity and generosity: Brian Baillie, Kairen Skelley, Matthew Preston, Angela Archer, Sophie Turner Lovely to catch-up with the wider Alumni / Spark network: Jenna Weets, Sam Taylor 🌱💻, Matt Wheeler, Andy King, Nick Howard, Jonathan Craig, Asad Ali Here’s to inspiring the next wave of entrepreneurs while continuing to grow and learn from the journey myself 🚀 #Entrepreneurship #SmallBusiness #UniversityofLeeds #PersonalDevelopment #GivingBack

I recently took a course at Berkeley on Entrepreneurship and Design Thinking. One of the sections was on Sales and Negotiation and it and was packed with principles that can be applied to career development, personal life, and even in design :) Here are some of my key takeaways: 1. People are more likely to buy when they are talking, than when you are talking. Create a dialogue to understand their needs and perspectives. 2. People are more likely to buy when it's their idea rather than your idea. Studies show that by asking smart questions and getting people to think for themselves, we’re more likely to influence their decisions. 3. Never start by pitching, selling, preaching, or providing a solution before the other person articulates what they want to achieve. The more people are pushed, the more likely they are to do something else instead. Has anyone else taken this class or one similar? Would be great to hear what other people are learning about!