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WorksheetsHow to Develop a Business Idea: Crash Course Entrepreneurship #2
Total questions: 15
Worksheet time: 30mins
What are the three main sources of innovative ideas?
Passions, complaints, and egos
Lightbulbs, ideas and innovation
Grandma's hot sauce recipe, video game walkthroughs, and upcycled yard sale furniture
motivation, hard work and leadership
Where do innovative ideas from passions come from?
Working at a current job
Going to school
Being excited about something and wanting to share it with the world
Having great ideas
What can complaints lead to?
Solving problems and making life easier or better
Creating lightbulb ideas
Inventing the business plan
Feeding, watering, and nurturing tiny seeds
Our egos can be a great place to find what?
Innovation and motivation
Lightbulbs and cartoons
entrepreneurship skills
Arrogance and passion
What is the first step in acknowledging you have an idea?
Understanding the problem at the root of your idea
Feeding, watering, and nurturing tiny seeds
Having great ideas
Believing in yourself and the value of your idea
Who should you share your idea with at the early stage?
Your mom
Your trusted friends
your business professors
Customers who might have the problem you're trying to solve and people who can help you think through your idea
What is the second step in workshopping an idea?
Asking people for seed money
Filling out a 30-page business plan
Understanding the problem at the root of your idea
Talking with potential customers
What is the purpose of filling out a business plan or Business Model Canvas?
To keep your ideas on paper so customers can see
To make sure your idea works and is marketable
To discuss which business ideas will provide the best choices
Lets you collect your thoughts about your idea and visualize how your business might exist
What is the value proposition of Netflix?
Leveraging technology for global audiences who want on-demand, customized entertainment
Making cream puffs without gluten
Creating a entertainment platform
Delivering Netflix movies
How does Netflix reach its customers?
Through email, streaming apps, and social media campaigns
Direct mail advertisement
Telemarketing phone calls
At Small Business Development Centers
What are the revenue streams of Netflix?
Basic, Standard, and Premium membership subscriptions
Selling blu-ray DVD players
Selling credit card subscriptions
Netflix theater
What are the costs involved in running Netflix?
Employees, licensing and production fees for content, servers for data storage, and R&D
warehouse storage
Having great ideas
Paying actors
What is the purpose of the Business Model Canvas?
To provide a framework for breaking down the pieces of a business
To discuss exactly which business ideas are best
To make sure your idea works and will sell on the stock market
To visualize how your business will create jobs
What is the goal of sharing ideas and getting feedback?
To think big about the fundamental pieces of the economy
To ensure that you can manage a business properly in the US
To ensure your idea will work and is wanted by potential customers
To create demand
What is a value proposition?
Making something that potential customers will think has inherent value and is worth monetary investment
Feeding, watering, and nurturing tiny seeds
creating investments
Making decisions and soft skills
