6.1 Becoming an Entrepreneur

6.1 Becoming an Entrepreneur

by Ms. Cordero

​How can you better your business idea?

Your goal is for you to have better business ideas. The higher quality of your ideas, the higher quality businesses you’ll build.

• Creative- relating to or involving the imagination or original ideas, especially in the production of an artistic work.

• Impactful- having a major impact or effect.

• ex. "an eye-catching and impactful design"

• Feasible - possible to do easily or conveniently.

  ex. "it is not feasible to put most finds from excavations on public display"

​What does that process of coming up with an idea look like to you?

• Most of us imagine an entrepreneur having a “light-bulb moment”, where she/he is inspired to create a genius new product that is impactful and financially successful.

​Does your customer like your idea?

• ​After coming up with an impactful, creative product idea, it’s easy to imagine our entrepreneurs introducing their products to customers, who immediately embrace them for their bold thinking and innovative approach.

• ​But in reality that is not always the case

​Do customers just want a product?

• ​What customers really care about, is solutions to their problems.

• ​What problems does your product solve?

• Use those problems as inspiration to generate creative, impactful and feasible solutions to those problems.

Now, tell me about your product!

​What if instead of focusing on idea generation, we focused on problem generation?

​

​Now tell me about your product!

1. Create at least 5 problems your customer will have in order for them to consider purchasing your product.​

2. ​How is your product creative?

3. ​How is it impactful?

4. ​Is your idea feasable?

Open Ended

List at least 5 problems your product will solve.

(Do not press enter then your form will be submitted. Just continue typing)

Open Ended

How is it Creative?

Open Ended

How is it Impactful?

Open Ended

Is your idea feasable?