Entrepreneurship Session 1
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The document discusses the characteristics of successful entrepreneurs, including being impractical dreamers who are not afraid of failure. It emphasizes the importance of coming up with ideas that solve important customer problems and having a plan for how to execute the idea, determine potential customers, and protect the idea from competitors. The document provides various exercises and questions to help generate, evaluate, and strengthen new business ideas.
Entrepreneurship Session 1
- 5. Commerce, MBA opportunist English, Hindi, Marathi, Marwari, Gujrati, Kannada, Deutsch… Dumb Charades Rohit Lalwani Event Manager, Bollywood Lover Entrepreneur Serial
- 10. What kind of people become successful today?
- 11. the fools!
- 13. Lost in his now
- 14. Doesn’t care about permissions & directions
- 15. Leaps before he thinks
- 16. Is man a disease? Asks naïve & strange questions
- 18. The FOOL’S Lens
- 20. Living in here & now
- 21. Self entitled
- 23. Deep enquiry
- 24. Generative
- 25. Infectious
- 26. there are no Impossible Dreams or problems, only limited dreamers & problem solvers
- 30. REAL BIG BURGERS
- 31. ENTREPRENEURSHIP is fraught with great risk of failure the exercise of
- 35. failure TURN into fodder Fail small, fast & cheap
- 47. AS SOON AS POSSIBLE
- 59. what’s risk what am I risking? Money, Time, Relationships, Reputation & Health Give up on luxuries
- 62. B-
- 70. EXERCISES
- 71. Nuts & Bolts
- 73. Ideas have a limited shelf life They expire after sometime there are billions of ideas that are never implemented
- 75. where to find your great idea?
- 76. “when i started AIR DECCAN, i did not see the 1% of the population flying in India… …i saw the remaining 99% who were not” – Cap. Gopinath
- 92. Are they Opportunities? Screening the ideas
- 93. 1 2 3 4 5 What important customer problem can you solve? How are you going to do it? How many customers are there that are willing to buy from you? Why can only you provide the solution? How can you defend against others? Answer these questions BEFORE somebody else does!
- 94. 1 What important customer problem can you solve? How Valuable ? How Painful ? Remember you need to change somebody’s behaviour to buy your product
- 95. 2 How are you going to do it ? Location Innovation/ Technology Service Brand Product Distribution Business Model
- 96. 3 How many customers are there that are willing to buy from you? How many customers are there? (Market size) How many will buy from you? (Market share) Who will be your first customer (besides your Mom)? Who will be your 100th?
- 97. 4 Why can only you provide the solution? How are you unique? t do you provide that nobody else
- 98. 5 How you can defend against others? Location, brand IP, patent Great service taste, fashion..
- 99. Why not do the same for your idea? When you buy a car, you take it for a test ride
- 103. stretched idea