How to select a business idea, Startup principles, Entrepreneurs guiding principles

1. mercredi 6 août 14

2. TODAY LESSON
«100 IDEAS FOR PROFITABLE
BUSINESS IN AFRICA»
1. Our progress so far
2. What is a good business idea?
3. 100 ideas
4. Break
5. Q&A - Your Ideas presentation
6. Homework
mercredi 6 août 14

3. 1. Our progress so far
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4. OUR WEEK STUDY PLAN
- DAY 1: Where to Start Your business in Africa: Overview of
the hottest countries and cities to start business
- DAY 2: Where is the money? How to find and select your
business idea?
- DAY 3: 100 ideas to Start a Profitable Business in Africa
- DAY 4: The Startup Box: Tools and methodologies to get
started
- DAY 5: Business model creation workshop
- DAY 6: The 45 days Rule: In Africa your business should be
profitable in less than 45 days or Die
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5. 2. What is a good
business idea?
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6. Principle #1:
*Entrepreneurship is
NOT about Innovation
But Commercialization
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7. Entrepreneurs role in society is Not Innovation, but
taking promising innovation to market.
Great entrepreneurs start their business venture with phrases like “I
want to bring this innovation to market”, or “I’m looking for
innovation that could solve this pain/problem”.
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8. Principle #2:
*Don’t search for ideas to
start a business, BUT
search for people with a
problem you can solve
faster and cheaper
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9. The best customers a startup could dream
about are the customers who were
dreaming about meeting a Company like
that Startup.
In more concrete terms, great entrepreneurs start their venture
with phrases like “I want to bring this innovation to market”, or
“I’m looking for innovation that could solve this pain/problem”.
Start with «who» not «What»
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10. Principle #3:
* A naked person can’t
give you a shirt
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11. Start with clients with a need and who has
money to speng
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12. Principle #4:
* Don’t get attached to an
idea
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13. Business model discovery and validation:
- Step 1: Market discovery
- Step 2: MarketValidation
- Step 3: Customer Discovery
- Step 4: CustomerValidation
- Step 5: Startup
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14. mercredi 6 août 14

15. Reference:
The Best Ideas, Resources and Interviews
for Doing Business in Africa – 2013
- Go to: SiliconAfrica.com
- Search: 100 ideas
- Check the results
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16. Q&A
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17. 3. 100 IDEAS
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18. Break
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19. Your ideas
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20. Homework
- Chose the name for a fictional company
- Write a sales letter to your first customer
- Write a press release about your company
opening or product launch
- Write your post description and the post
description for your team members
mercredi 6 août 14

21. Contact me
1. Email: mk@linkcrafter.com
2. Skype: linkcrafter
3. Facebook: Mawuna R. KOUTONIN
4. Everytime you see me bored
mercredi 6 août 14