how your idea can change the future

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How Your Idea Can Change The Future Webinar January 29, 2014 Coach Davender Gupta Startup-Académie www.startupacademie.com www.coachdavender.com

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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.com

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Page 1: How Your Idea Can Change The Future

How Your IdeaCan Change The FutureWebinarJanuary 29, 2014

Coach Davender GuptaStartup-Académiewww.startupacademie.comwww.coachdavender.com

Page 2: How Your Idea Can Change The Future

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 2

Most ideas are too small to support a big vision.

Page 3: How Your Idea Can Change The Future

Where do ideas come from?

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 3

- Experience- Personal experience

- Extrapolation- “What if?” “What’s next?”

- Empathy- Observing other people’s situation

- Excitement- Imagination, inspiration

Page 4: How Your Idea Can Change The Future

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 4

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.

Page 5: How Your Idea Can Change The Future

What is your idea?

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 5

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?

Page 6: How Your Idea Can Change The Future

Finding the WOW

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 6

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?

Page 7: How Your Idea Can Change The Future

Why do you want to do this?

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 7

• 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?

Page 8: How Your Idea Can Change The Future

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 8

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

Page 9: How Your Idea Can Change The Future

What makes this idea irresistibly attractive?

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 9

Four P’s

- Purpose

- Passion

- People

- Profit

Page 10: How Your Idea Can Change The Future

Purpose

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 10

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?

Page 11: How Your Idea Can Change The Future

What is the value of your idea?

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 11

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

Page 12: How Your Idea Can Change The Future

Passion

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 12

The creative tension between the future you want to create and the present moment

Page 13: How Your Idea Can Change The Future

People

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 13

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

Page 14: How Your Idea Can Change The Future

Profit

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 14

The win-win result, tangible and intangible, that enables both parties to live their full potential.

Page 15: How Your Idea Can Change The Future

Can your idea scale?

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 15

- 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?

Page 16: How Your Idea Can Change The Future

Discovering the insight

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 16

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)

Page 17: How Your Idea Can Change The Future

Your First Step

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 17

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?

Page 18: How Your Idea Can Change The Future

My Manifesto

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 18

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.

Page 19: How Your Idea Can Change The Future

Success Factors of anIdea That Can Change The Future

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 19

Cool Keeps you awake at night

Compelling Attracts people + resources

Controlled Disciplined planning and execution

Page 20: How Your Idea Can Change The Future

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 20

Success is…

Success is creating an experience of life which expresses your full potential

Page 21: How Your Idea Can Change The Future

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 21

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

Page 22: How Your Idea Can Change The Future

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]

© 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 22