Entrepreneurship is the new trend, but how to come up with an idea, how to proceed once you have an idea are the unanswered questions. This is a part of a workshop on Entrepreneurship at IIT Jodhpur.
19. ENTREPRENEURSHIP IS LIVING
A FEW YEARS OF YOUR LIFE
LIKE MOST PEOPLE WON’T, SO
THAT YOU CAN SPEND THE
REST OF YOUR LIFE LIKE MOST
PEOPLE CAN’T.
Hinweis der Redaktion
Choose two words to form a new business idea. Run Your brain wild. Just to show ideas are cheap, everyone can come up with one.
Business vs Startup
Focus on problems.
We see what we want to see
Will people pay for it. Imagine there is a useless pillar in a footpath. People have to go around it. It is a problem, but people will not pay for it.
Not vice versa
Good at what you do
Not everyone’s cup of tea
An idea comes in the mind of 40 people, 9 think to implement it and only 2 try to execute.
Good listeners are believed to be great innovators and making out great stratergies.
Richard Branson, talks and debates with employees on serious issue. takes out employyes to tropical islands – NEW IDEAS, INNVOLMENT OF SUBORDINATES
.Invite guest speakers to your office . Go to events focusing on topics that are not strictly related to your industry and bring some of your employees along. One of the best ways to learn is by taking your team members out of their comfort zone and embracing new ideas and you will see results.
Amazon- once a online books store. Now is everywhere
Yahoo, once only a search engine…is now a major online portal doing loads of things. This was a great come back
Last year I went to a workshop called LEAN STARTUP MACHINE. What their main ideology for a early stage startup is- validate before you start. Imagine building a great website for 6 months, you put in all ur efforts, money and then after 6 releasing u come to know tht such product was not a neccesity. The problem u were targeting was never a problem for the mass. So talk to customers first, LISTEN to them…then start.
One more example… give my example!!!!!
Myths of entrepreneurship.
You need a large sum of money to start. False. Except for product based startups.