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Characteristics of Successful Entrepreneurs Idea Generation Idea and Opportunities
Characteristics of Successful Entrepreneurs Idea Generation Idea and Opportunities
entrepreneurs
Idea generation
Idea and opportunities
This passion typically stems from the entrepreneur’s belief that the
business will positively influence people’s lives.
Whatsapp
Popular idea generation myths
Common observations
Right place at
the right time
The story of Redbus • Diwali 2005- Phanindra Sama, an Engineer
working in Bangalore was unable to get a bus
ticket to go home to Hyderabad
Brainstorming matrix
Corridor principle
Long tail ( ignored segment)
Kickstarter.org
Brainstorming
Physical Any
Services products Digital products Marketplace Subscriptions other
Entrepreneurs Funding
1 2 3 4 5
Step 1- Create audience Step 2- Assign Step 3- Create columns Step 4- Shortlist your Step 5 – Evaluate by
or customer segments unsolved problems for business models ideas competition, skill
against each against each set/interests,
connections,
opportunity
Tips
The Corridor Principle is a relatively new concept that states that the creation of a
venture or firm by an entrepreneur opens it up to opportunities and ideas it could
not see before the start of the business. This principle also explains the possibility
of an entrepreneurial venture taking advantage of so many opportunities in the
market by pivoting away from its initial focus.
Long tail
The word ‘idea’ refers to a plan
that is triggered by the thinking
faculty of the mind
Idea and
opportunity
The word ‘opportunity’ can be
defined as a favorable time or
situation for doing something.
Differences between Idea and opportunity
https://www.youtube.com/watch?v=ag6Hr0tX-Zw
Lean startup method – transform ideas into venture
Do you have an entrepreneur mindset?
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