This presentation starts with entrepreneurship description, two entrepreneurship types: Small medium enterprise (SME) and Innovation driven entrepreneurship (IDE) and about startup, startup stages, and forming a simple team to start a business. Also considering startup skill set.
21. Six main questions
1. Who is your customer?
2. What can you do for your customer?
3. How does your customer acquire your product?
4. How do you make money?
5. How do you design and build your product?
6. How do you scale your startup?
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22. Answering main questions
1. Define your market, find out about their needs and wants
2. Design a solution that provides your value proposition(s).
3. Define your channels, sales and marketing strategies.
4. Define your business model and crucial financial metrics.
5. Complete your prototype, start coding your MVP (MVBP).
6. Measure your business, start scaling.
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23. Startup action list (I/II)
1. Execute market research.
2. Define problem.
3. Design value proposition.
4. Design a prototype.
5. Test with customers.
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24. Startup action list (I/II)
6. Confirm Hypotheses.
7. Start coding and build MVP.
8. Test with customers.
9. Confirm MVP.
10. Scale your product.
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25. Preparing fund for startup
• You need money to build a business. (at least for food and water!)
• Prepare your presentation, pitch everywhere.
• The best time for raising money is after product-market fit stage.
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27. Great Startup Team
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Hustler Hipster Hacker
Team
Business model
Funding, Accounting
Legal
HR
Customer
Product
Brand
Marketing
Content
Services
Technology
Data
Process
Infrastructures
28. Next steps…
1. Develop your “problem-finding” skills and find a problem.
2. Is it something you want to work on for your next (at least) 5 years?
3. Join startup weekends, and startup camps.
4. Pitch as much as you can.
5. Introduce yourself to people and get to know them.(form your team)
6. Read great books, at least two in a month.
7. Work passionate, work smart, and work hard.
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