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evidence based entrepreneurship.pptx

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evidence based entrepreneurship.pptx

  1. 1. EVIDENCE BASED ENTREPRENEURSHIP
  2. 2. • Lean Launch pad • Evidence based Entrepreneurship
  3. 3. Why Entrepreneurship • What problem of the society are you solving • Technology for the sake of Technology
  4. 4. Start up Story • Start up fails not because of bad ideas but because they fail to get customers • Why start ups fail 1. No Market need 2. Ran out of cash 3. Not the right team
  5. 5. COMMON MISTAKES • Over estimating the number of potential Customer needs • Misjudgement in ascertaining the customer need • Building a solution without talking to the potential customer
  6. 6. The Lean Startup • Business Model Generation- Alexander Osterwalder Business Canvas Model is tool that helps you to put whole business idea on 1 sheet • Customer Development- Steve Blank • Agile Engineering-Eric Ries
  7. 7. The Lean Startup • Business Model Generation- Alexander Osterwalder Business Canvas Model is tool that helps you to put whole business idea on 1 sheet
  8. 8. Designed for: Designed by: Date: Version: Lean Canvas Rajat and Renu 18 Apr 2022 1st Problem Solution Uniqu e Value Propos ition Unfair Advantage Customer Segments Existing Alternatives Key Metrics High- Level Concept Channels Early Adopters Cost Structure Revenue Structure
  9. 9. Designed for: Designed by: Date: Version: Lean Canvas Online Business Incubator Abhishek & Renu 13 th Apr 1st Problem Solution Unique Value Proposition Unfair Advantage Customer Segments 1. The youth or the person desire to be an entrepreneur has ideas/ will to do new but have no idea that something like incubator can support in taking their ideas to reality. And so they give up as its not easy to remain motivated 2. Also this can help them to network/collaborate 3. Desirous persons have limited Access 1.Technology leverage 1. There is no such web portal exist 2. Ease of tapping bigger market 3. Ease of getting connected(clients) 1.High Technology cost 1. Budding entrepreneurs 2. Financial Experts 3. Marketing experts 4. Technological/operation experts 5. HR/Mentors 6. VCs/Evangilists 7. Tap websites/ linkedin contacts who are providing startup support Existing Alternatives Key Metrics High-Level Concept Channels Early Adopters 1. Physical incubators which are public/private 2. These are mostly in educational institutions 3. Mostly people are not aware of it. 1.Incubatee enrolments 2.Incubatee queries 3.Experts enrolment 4.Experts engagements 5. Interaction between Incubatees and experts List your X for Y analogy (e.g. YouTube = Flickr for videos) 1.Online surveys/promotion 2.Going to B schools 3.Schools and Universities/Colleges 4.Posting on linkedin 5.B school Faculties 6. 1. Don’t have access to physical Incubators 2. Need Guidance related to ideas that they have 3. Cost Structure Revenue Structure Website building and hosting Data management Salary Customer acquisition costs- Promotions, visitis to b school/Colleges Customer will get paid as oer engagement We can pay the experts by giving them share of the company VCs Loans Subscription model Long Term-Stake in startups
  10. 10. The Lean Startup- Customer Dev Steve Blank

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