how to select a business idea - day 3 african summer school
Post on 21-Oct-2014
514 views
DESCRIPTION
How to select a business idea, Startup principles, Entrepreneurs guiding principlesTRANSCRIPT
mercredi 6 août 14
TODAY LESSON «100 IDEAS FOR PROFITABLE
BUSINESS IN AFRICA»1. Our progress so far2. What is a good business idea? 3. 100 ideas 4. Break5. Q&A - Your Ideas presentation6. Homework
mercredi 6 août 14
1. Our progress so far
mercredi 6 août 14
OUR WEEK STUDY PLAN - DAY 1: Where to Start Your business in Africa: Overview of the hottest countries and cities to start business
- DAY 2: Where is the money? How to find and select your business idea?
- DAY 3: 100 ideas to Start a Profitable Business in Africa
- DAY 4: The Startup Box: Tools and methodologies to get started
- DAY 5: Business model creation workshop
- DAY 6: The 45 days Rule: In Africa your business should be profitable in less than 45 days or Die
mercredi 6 août 14
2. What is a good business idea?
mercredi 6 août 14
Principle #1: *Entrepreneurship is NOT about Innovation But Commercialization
mercredi 6 août 14
Entrepreneurs role in society is Not Innovation, but taking promising innovation to market.Great entrepreneurs start their business venture with phrases like “I want to bring this innovation to market”, or “I’m looking for innovation that could solve this pain/problem”.
mercredi 6 août 14
Principle #2: *Don’t search for ideas to start a business, BUT search for people with a problem you can solve faster and cheaper
mercredi 6 août 14
The best customers a startup could dream about are the customers who were dreaming about meeting a Company like that Startup.In more concrete terms, great entrepreneurs start their venture with phrases like “I want to bring this innovation to market”, or “I’m looking for innovation that could solve this pain/problem”.
Start with «who» not «What»
mercredi 6 août 14
Principle #3: * A naked person can’t give you a shirt
mercredi 6 août 14
Start with clients with a need and who has money to speng
mercredi 6 août 14
Principle #4: * Don’t get attached to an idea
mercredi 6 août 14
Business model discovery and validation: - Step 1: Market discovery - Step 2: Market Validation - Step 3: Customer Discovery - Step 4: Customer Validation - Step 5: Startup
mercredi 6 août 14
mercredi 6 août 14
Reference:The Best Ideas, Resources and Interviews for Doing Business in Africa – 2013
- Go to: SiliconAfrica.com - Search: 100 ideas - Check the results
mercredi 6 août 14
Q&A
mercredi 6 août 14
3. 100 IDEAS
mercredi 6 août 14
Break
mercredi 6 août 14
Your ideas
mercredi 6 août 14
Homework- Chose the name for a fictional company
- Write a sales letter to your first customer
- Write a press release about your company opening or product launch
- Write your post description and the post description for your team members
mercredi 6 août 14
Contact me
1. Email: [email protected]
2. Skype: linkcrafter
3. Facebook: Mawuna R. KOUTONIN
4. Everytime you see me bored
mercredi 6 août 14