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Urban Innovation21 Hill District Innovation Zone - Grant Competition. Start-Up Business Session 2 – Business Plan Summary. Supporting Small Business Growth in the Innovation Economy. Research and Self Assessment . Whether you think you can , or you think you can 't- you're right .
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Urban Innovation21 Hill District Innovation Zone - Grant Competition Start-Up Business Session 2 – Business Plan Summary Supporting Small Business Growth in the Innovation Economy
Research and Self Assessment • Whether you think you can, or you think you can't- • you're right. • — Henry Ford Needs Assessment What is my market? What is happening in the market? Is what is happening creating a need? Does my idea meet that need? Personal Assessment Is this the right time? Am I the right person? Is the right place?
Research and Self Assessment Needs Assessment Ideas Let’s talk about it… Survey Monkey… Beta Test… https://www.economy.com/freelunch/ Personal Assessment Ideas Moonlight… Shadow… Role Play… https://eweb1.sba.gov/cams/training/business_primer/assessment.htm
Planning • If you fail to plan, you are planning to fail! • — Benjamin Franklin • Why you should plan • Risk / Reward • Personal and Business Assessment • Me, We, ‘nem • Aptitude - Training or Attitude - Passion • Business concept • R&D • Blind Spots • Market feasibility / Financial Feasibility • Entry, Market Share, Innovation… • Revenue, Cost to serve, Profit Margins…
Planning Uninspired
The Elevator Pitch • … Excuse me, uhh… could you please, uhh… • — Chris Rock Who I am What I have to offer The problem I solve The contributions my solution make What I need from you…
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