discussion finish with 16 hours
ENTREPRENEURIAL IDEAS GENERATED (& Regrouped)
Instructions for selecting your favorite entrepreneurial opportunities:
1. Complete your inventory of personal skills, interests, and passions across the 8 listed in
Aulet (see below**)
2. Identify a shortlist of opportunities (minimum of 3 total) across all the potential ones
generated (reorganized and listed, below) that also align with one or more of your
personal inventory items in #1
3. Identify your top three (3) choices for an entrepreneurial project youd like to pursue
among the items within your shortlist in B, rank-ordered from most to least preferred,
for example: Choice #1: C (Virtual Meeting Network); Choice #2:
4. Extra (well return to it in class): Opportunity check (i.e., is this a genuine opportunity?)
make sure that your choice:
a. Has a specific group / constituency you can identify with a Willingness to Pay
b. Matches one or more of the ten value-based / perceptual shifts you all identified
in class (or aligns with a new one of your own, if not on that list)
5. Post your responses to the Canvas discussion as, so we can all see what natural
groupings are forming for entrepreneurial teams
c. Post as your response to item #3 to the discussion
d. Attach word doc or PDF with your responses to #1 through 3 (or 4)
__________
**What are your interests, strengths and skills (Aulet, p.19)? (Technical, personal and business fit) list
one or more under each:
1. Knowledge
2. Capability
3. Connections
4. Financial assets
5. Name recognitions
6. Past work experience
7. Passion for a particular market
8. Commitment (time to make it your only focus)
How does that value align with one of the value shifts (Drucker) we identified last week?
__________
Opportunities (letters) and potential paint points (bullets) grouped by INDUSTRY
ONLINE / VIRTUAL ENVIRONMENTS
A. Edutech (online schooling / learning platforms)–wasnt seen as something to be used
for younger children until recently; (unexpected, process) boom in Zoom market;
(market) increasing cap on 45 minute meetings for student accounts
Not created for educational purposes, so less of a rich experience
Parents having to learn different systems for each child
A lot of screen time for kids
Cost for public schools
Lack of ‘live’ interaction to the ability to interact with your classmates in an
online setting; before, it was just video recording
B. Online gaming communities–changing demographics (younger, more girls)
A lot of screen time
Cross-platform functionality
C. SaaS–Office 365 (no more ownership portability, convenience)
Pain point 1
Pain point 2
LIFE / HEALTH
D. Elder care–demographic shift of more people retiring
Pain point of finding balance between affordability and quality of care
Customer is the child not just the parent
E. 5G (new knowledge): more security for medical industry and other sensitive industries
Pain point 1
Pain point 2
F. Work From Home: (demographics) people are moving out of the big cities to suburbs
Pain point 1
Pain point 2
G. Perception shift in Big City living
People no longer feel safe or that it is necessary
HIGH-TECH / RETAIL
H. Smartphone: perception and price shifts vs. functionalityiPhone (or vice-versa?
Pain point 1
Pain point 2
I. Ecommerce–changing retail industry specifically
Having to deal with returns
Items may not fit–no changing room opportunity–like Adidas
Difficult to know quality
J. Amazon (incongruity): Creating a logistical network instead of using an existing one,
they saved money by investing lots of money in a new channel
Pain point 1
Pain point 2
