how your idea can change the future
DESCRIPTION
The problem with most startup entrepreneurs is that they run with the first idea they get. And the idea, more often than not, is too small or not defined in a way as to effectively change the future in the way they want. Any idea, if it's worthy of being called an "idea", should have the potential to change the future. Whether it's your future, your other people's future, or both, the quality of your idea will determine the quality of the impact you can make with it. This FREE webinar will explore four important aspects to consider when coming up with an idea that you want to turn into a product or a business, to make sure that your idea has within it the seed of success. This webinar is for all startup entrepreneurs, solopreneurs and people who want to create a bigger impact with their business. Presented by Coach Davender Gupta Startup-Academie [email protected] 418-948-1553 www.coachdavender.com blog.davender.comTRANSCRIPT
How Your IdeaCan Change The FutureWebinarJanuary 29, 2014
Coach Davender GuptaStartup-Académiewww.startupacademie.comwww.coachdavender.com
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Most ideas are too small to support a big vision.
Where do ideas come from?
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- Experience- Personal experience
- Extrapolation- “What if?” “What’s next?”
- Empathy- Observing other people’s situation
- Excitement- Imagination, inspiration
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An idea is like a block of smooth marble, beautiful to the sight and to the touch. However, the purpose of a block of smooth marble is to be broken. Your job is to chisel away the stuff that's not relevant in order to reveal the true genius within.
What is your idea?
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Vision of what you want to do
The "void" (need) you want to fill
Are you problem-driven or solution-driven? (there are benefits/drawbacks of each approach)
What is the WOW in your idea?
Finding the WOW
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Does it matter? find the emotion
Does it go to the core issues? find the transformation
What will you learn? Whatever the outcome,
if you learn, you win
Is it prototypable? fast evolution cycle sell, build, deliver
Does it create Raving Fans?
Why do you want to do this?
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• What are your personal values and priorities
• How does this idea fit with your personal life mission
• How do you define "success" for yourself?
• How does this idea fit with your personal philosophy and values?
• Why are YOU the right person to make this happen?
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Big Hairy Audacious Idea
What you are deeply passionate about
What you can be the best in the world at
What drives your economic engine
BHAG
Mission, Vision, Values
Maximize Potential Game-ChangingResults
What makes this idea irresistibly attractive?
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Four P’s
- Purpose
- Passion
- People
- Profit
Purpose
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What is the impact you are creating? What is the change in people’s lives because
what you do? How is the world a better place because of
what you do?
If you were not being paid any money to do this, would you still be doing it?
What is the value of your idea?
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My needs, desires, passions, priorities, values
Needs, desires,passions, priorities, values ofothers
Resourcesskills, money, assets, experience
no demand no passion
no means
©2005 Davender Gupta
MAXVALUE
Passion
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The creative tension between the future you want to create and the present moment
People
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Industry
THECOMPANY
PartnersClients
Suppliers
ProspectiveClients
Government/Regulatory
Employees/Families
Industry
Shareholders
Investors
Sub-contractors
LabourMarket
Enthusiasts
NaturalEnvironment
UsersNeighbours/Community
Past Employees/Pensioners
YOUR BIGIDEA PartnersClients
Suppliers
ProspectiveClients
Government/Regulatory
Employees/Families
Shareholders
Investors
Sub-contractors
LabourMarket
Enthusiasts
NaturalEnvironment
UsersNeighbours/Community
Past Employees/Pensioners
Stakeholders:Anyone or anythingtouched by youridea, whetheror not any moneyis exchanged
Profit
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The win-win result, tangible and intangible, that enables both parties to live their full potential.
Can your idea scale?
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- Logistics: How many more resources are needed to serve more people?
- Market: How will your idea “cross the chasm” from early adopters to the “mass market”?
- Need: How will this need evolve with time?
Discovering the insight
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DiscoverDiscover
What we knowWhat we know
About what we know (fact)
About what we know (fact)
About what we don’t know
(hypothesis)
About what we don’t know
(hypothesis)
What we don’t know
What we don’t know
About what we know
(intuition)
About what we know
(intuition)
About what we don’t know (insight)
About what we don’t know (insight)
Your First Step
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Write your Manifesto:
What is the change you wish to create in the world?
Why this? Why now? Why me? What are you committed to creating?
My Manifesto
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I'm on a mission to equip 21st-century passion-driven entrepreneurial leaders with the clarity, commitment, confidence and courage to make a positive difference in the world.
Why? We need a new approach to leadership, to meet the challenges of a rapidly changing and chaotic future.
Entrepreneurship is the best way to ignite the imagination, focus the resources and stimulate the massive action required to overcome the huge obstacles we face.
The future we desperately need will be created not by politicians, or by the CEOs of the old guard, but by a new generation of citizen-leaders who are crystal-clear about their purpose, who are powered by the passion of a big vision, and who transform the status-quo by mobilizing communities of people to build systems that create profit and prosperity for all.
Success Factors of anIdea That Can Change The Future
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Cool Keeps you awake at night
Compelling Attracts people + resources
Controlled Disciplined planning and execution
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Success is…
Success is creating an experience of life which expresses your full potential
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Find a need that beats your drum.
Create a plan, then make a dent.
Trust that your rewards will come.
And credit them as heaven sent.
- Peter Drucker
To keep in touch
Coach Davender Gupta, MSc.
Venture Catalyst and Visioneer
Coach Davender Gupta, MSc.
Venture Catalyst and Visioneer
www.startupacademie.comwww.coachdavender.com
(Québec) 418 948-1553(Montréal) 514 [email protected]
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