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Lessons Learned #2

Lessons Learned #2. 18 th Sept 2014 Group #4 Lean Entrepreneurship Project S4 Diana Moreira Jan Otta Hugo Stevens Judit Kalmár. What are good business ideas?. James Caan : “The IDEA is just 10%”

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Lessons Learned #2

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  1. Lessons Learned #2 18th Sept 2014 Group #4 Lean Entrepreneurship Project S4 Diana Moreira Jan Otta Hugo Stevens JuditKalmár

  2. What are good business ideas? James Caan: “The IDEA is just 10%” Every successful StartUp has to raise out of a good idea. But how do we evaluate whether the idea is good or not? We can evaluate the idea’s performance on ten different aspects and figure out whether it has some chance to survive the competition in the real world. Innovative solution Internet Disruptive Big Problem Easy to Bootstrap Right Timing WE like it! Easy Path to Distribution Large Market Scalable problem Favorable Key Trends Attractive Industry

  3. Business Model To transform our ideas into businesses it is essential to create a Business Model, which takes into account all the different aspects and variables. PIVOT Business model is almost like a living thing, which changes while proceeding with the development of the business. We can never predict everything. Thee levels of the business model: 1. Testing Level 2. Hypothesis Level 3. Business Model Level

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