L2 - M3

What does NOT contribute to the value of an opportunity?

• Number of target customers

• Willingness to pay for current solution

• Market trends

• Level of satisfaction with the existing solutions

'Streams through which you will communicate your value proposition' represents which section of the BMC?

• Value Proposition

• Key Activities

• Channels

• Revenue Streams

Pick the popular idea among successful people while looking for problem statements/startup ideas.

• Brainstorm in your free time

• Don't look for it

• Run around asking people for their problems

• Talk to successful startup founders

Entrepreneurs discover opportunities when they search for them in existing/new markets. This means they observe technological, economic or social trends. Recognizing opportunities is a cognitive process. It relies on the ability of people to recognize patterns and connect the dots.

• True

• False

Reorder the following steps regarding Opportunity Identification:

1. Analyse existing solutions or change in needs/expense judgement

2. Target Opportunities

3. Filter potential opportunities using TIPSC and other similar methods

4. Tech/Market Trends

• 3,4,1,2

• 2,4,1,3

• 3,2,1,4

• 4,1,3,2