THE ENTREPRENEURIAL MIND BLOG NO. 4

WHAT HAVE I LEARNED FROM THE LECTURE SERIES?

I learned a lot from the outstanding speakers while attending the Lecture Series. I’ve always wanted to start my own business and work for myself. Ms. Janine S. Eballe’s initial speech inspired me to believe in myself. Because. I agree with her that it is not just your head and information that matters, but also your competence. Your ability to start a business and run it successfully. According to her, skills may be acquired with time, and I couldn’t agree more. I’ve seen myself struggle with the things I think I’m good at now in the past. As you move through life and learn from your experiences, you can develop skills. It takes time, work, and, of course, passion to start a business. One thing to consider when starting a business is to think about a problem in an area where you’re interested. That is to say, you must combine your concept with your enthusiasm. Consider a societal issue for which you believe you can provide a solution using the abilities you’ve acquired. The first stage of beginning a business is difficult enough; however, it is made considerably more difficult if you are not compassionate or knowledgeable enough in the industry of business you have chosen. It is difficult to manage and improve its performance.

START UP UPDATES

After a quite small time. We’ve finally met our target of interviewing 100 people for this business plan. And our interpretation based on the interviewee’s responses is still the same as what I wrote in my previous blog. Given that our interviewees are city residents, the majority of responses indicate that shopping personally is not difficult, however it is time consuming. In response to the question, “How do you buy items when you are in a hurry?” The responses were to ask a family member or a friend. partner and some options include purchasing it online, which is beneficial to us.

They were also persuaded to buy and try products by the people around them and social media, which implies that if our app receives positive feedback from our customers, they may promote it to their friends. We also intend to [promote our goods on social media, which is consistent with the comments of the interviewers. Even if the majority of the interviewees favor traditional shopping, they still like and are willing to try internet shopping.

As a last prerequisite for this subject, we are currently working on our final presentation. Furthermore. We’re interviewing tricycle drivers and business owners, who will be crucial partners in this venture. All the data were on the Validation Updates, Timetable, and Product Design assignment we have submitted.

THE ENTREPRENEURIAL MIND BLOG NO. 3

DATA GATHERING

Each member of the group asked their friends and classmates if they knew anyone who lived in Valencia, Bukidnon, which is the proposed business’s initial target market. Members/researchers developed questions based on the empathy map, which were then used in the interview. As of this week, no more than 50 people residing in Valencia, Bukidnon had been interviewed in order to collect data and information for the business proposal and to evaluate and validate if it passes market validation.

INTERVIEW

Since the majority of the members/researchers are not from Valencia, Bukidnon, the interview was conducted via messenger chat and video call. The interviewees were instructed to use any language they preferred in order to feel more at ease and to be more interactive during the interview. The majority of the interviewees were very engaged and answered the questions quickly, but some took a little longer. All of the questions that were created were asked, and there are some follow-up questions to clarify unsure answers and to inquire about their openness to online shopping.

MARKET VALIDATION

The goal of this proposed business idea is to provide ways and options for individuals, particularly shoppers/buyers, to still buy the things they urgently needed or simply wanted without encountering various difficulties in purchasing. They only need to order through the app and their orders will be delivered quickly. In this current situation, it is very difficult, tiring, time consuming, and risky to personally shop in the markets due to the fact that there are so many protocols to follow aside from exposing yourself to the public and risking infection with COVID-19. This is intended to provide people with comfort.

However, after conducting market validation interviews, we discovered that people still prefer to buy their items in person, regardless of any problems they may encounter. However, based on the interview, they are still open to online shopping and consider having someone shop for them and simply wait for their orders in cases where they are too busy or too tired to go outside. They are also influenced to try new things and discover new things by their friends, family, and social media. Based on these facts, we can conclude that this business proposal has a good chance of being known, used, and successful. By how they answer the question that they are very open for online shopping and given that currently seems everybody is busy with their own lives. Yes, there is too much risk but that is the essence of business, to take risks and learn from it.

Life is inherently risky. There is only one big risk you should avoid at all costs, and that is the risk of doing nothing“. – DENIS WAITLEY

THE ENTREPRENEURIAL MIND BLOG NO. 2

𝑪𝑹𝑬𝑨𝑻𝑰𝑽𝑬 𝑷𝑹𝑶𝑫𝑼𝑪𝑻𝑺 𝑨𝑵𝑫 𝑷𝑹𝑶𝑪𝑬𝑺𝑺

𝑾𝑯𝑨𝑻 𝑰𝑺 𝑪𝑹𝑬𝑨𝑻𝑰𝑽𝑰𝑻𝒀?

𝑪𝒓𝒆𝒂𝒕𝒊𝒗𝒊𝒕𝒚 𝒊𝒔 𝒅𝒆𝒇𝒊𝒏𝒆𝒅 𝒂𝒔 𝒕𝒉𝒆 𝒖𝒏𝒊𝒒𝒖𝒆𝒏𝒆𝒔𝒔 𝒐𝒇 𝒂 𝒑𝒆𝒓𝒔𝒐𝒏’𝒔 𝒎𝒊𝒏𝒅, 𝒊𝒅𝒆𝒂𝒔, 𝒂𝒏𝒅 𝒊𝒎𝒂𝒈𝒊𝒏𝒂𝒕𝒊𝒐𝒏. 𝑰𝒕 𝒊𝒔 𝒕𝒉𝒆 𝒓𝒐𝒐𝒕 𝒐𝒇 𝒂𝒍𝒍 𝒊𝒏𝒏𝒐𝒗𝒂𝒕𝒊𝒐𝒏𝒔 𝒂𝒏𝒅 𝒉𝒊𝒈𝒉-𝒒𝒖𝒂𝒍𝒊𝒕𝒚 𝒑𝒓𝒐𝒅𝒖𝒄𝒕𝒔. 𝑰𝒕 𝒊𝒔 𝒂 𝒑𝒆𝒓𝒔𝒐𝒏’𝒔 𝒖𝒏𝒊𝒒𝒖𝒆 𝒑𝒆𝒓𝒔𝒑𝒆𝒄𝒕𝒊𝒗𝒆 𝒐𝒏 𝒂 𝒄𝒐𝒎𝒎𝒐𝒏 𝒐𝒃𝒋𝒆𝒄𝒕 𝒐𝒓 𝒂 𝒔𝒆𝒕 𝒐𝒇 𝒕𝒉𝒊𝒏𝒈𝒔. 𝑻𝒐 𝒔𝒆𝒆 𝒔𝒐𝒎𝒆𝒕𝒉𝒊𝒏𝒈 𝒆𝒙𝒄𝒆𝒑𝒕𝒊𝒐𝒏𝒂𝒍 𝒊𝒏 𝒆𝒗𝒆𝒓𝒚𝒅𝒂𝒚 𝒕𝒉𝒊𝒏𝒈𝒔, 𝒕𝒐 𝒕𝒉𝒊𝒏𝒌 𝒅𝒆𝒆𝒑𝒆𝒓 𝒂𝒃𝒐𝒖𝒕 𝒄𝒆𝒓𝒕𝒂𝒊𝒏 𝒕𝒐𝒑𝒊𝒄𝒔 𝒂𝒏𝒅 𝒕𝒐 𝒃𝒓𝒐𝒂𝒅𝒆𝒏 𝒐𝒏𝒆’𝒔 𝒊𝒎𝒂𝒈𝒊𝒏𝒂𝒕𝒊𝒐𝒏. 𝑰𝒕 𝒊𝒔 𝒘𝒉𝒂𝒕 𝒅𝒊𝒔𝒕𝒊𝒏𝒈𝒖𝒊𝒔𝒉𝒆𝒔 𝒂𝒏𝒅 𝒃𝒆𝒂𝒖𝒕𝒊𝒇𝒊𝒆𝒔 𝒕𝒉𝒘 𝒘𝒐𝒓𝒍𝒅.

𝑨𝒄𝒄𝒐𝒓𝒅𝒊𝒏𝒈 𝒕𝒐 𝑬𝒅𝒘𝒂𝒓𝒅 𝑫𝒆 𝑩𝒐𝒏𝒐 “𝑪𝒓𝒆𝒂𝒕𝒊𝒗𝒊𝒕𝒚 𝒊𝒏𝒗𝒐𝒍𝒗𝒆𝒔 𝒃𝒓𝒆𝒂𝒌𝒊𝒏𝒈 𝒐𝒖𝒕 𝒐𝒇 𝒆𝒔𝒕𝒂𝒃𝒍𝒊𝒔𝒉𝒊𝒏𝒈 𝒑𝒂𝒕𝒕𝒆𝒓𝒏𝒔 𝒊𝒏 𝒐𝒓𝒅𝒆𝒓 𝒕𝒐 𝒍𝒐𝒐𝒌 𝒂𝒕 𝒕𝒉𝒊𝒏𝒈𝒔 𝒊𝒏 𝒂 𝒅𝒊𝒇𝒇𝒆𝒓𝒆𝒏𝒕 𝒘𝒂𝒚”. 𝑶𝒏 𝒕𝒉𝒆 𝒐𝒕𝒉𝒆𝒓𝒉𝒂𝒏𝒅, 𝑺𝒊𝒓 𝑲𝒆𝒏 𝑹𝒐𝒃𝒊𝒏𝒔𝒐𝒏 𝒅𝒆𝒇𝒊𝒏𝒆𝒅 𝒄𝒓𝒆𝒂𝒕𝒊𝒗𝒊𝒕𝒚 𝒂𝒔 “𝒂 𝒑𝒓𝒐𝒄𝒆𝒔𝒔 𝒐𝒇 𝒉𝒂𝒗𝒊𝒏𝒈 𝒐𝒓𝒊𝒈𝒊𝒏𝒂𝒍 𝒊𝒅𝒆𝒂𝒔 𝒕𝒉𝒂𝒕 𝒉𝒂𝒗𝒆 𝒗𝒂𝒍𝒖𝒆”.

𝑬𝒏𝒕𝒓𝒆𝒑𝒓𝒆𝒏𝒆𝒖𝒓𝒔 𝒂𝒓𝒆 𝒕𝒓𝒖𝒍𝒚 𝒄𝒓𝒆𝒂𝒕𝒊𝒗𝒆 𝒊𝒏 𝒕𝒉𝒆𝒊𝒓 𝒂𝒃𝒊𝒍𝒊𝒕𝒚 𝒕𝒐 𝒕𝒉𝒊𝒏𝒌 𝒐𝒇 𝒂𝒏𝒅 𝒅𝒆𝒗𝒆𝒍𝒐𝒑 𝒏𝒆𝒘 𝒑𝒆𝒐𝒅𝒖𝒄𝒕𝒔 𝒇𝒐𝒓 𝒕𝒉𝒆 𝒆𝒄𝒐𝒏𝒐𝒎𝒚. 𝑻𝒉𝒆 𝒎𝒐𝒓𝒆 𝒄𝒓𝒆𝒂𝒕𝒊𝒗𝒆 𝒕𝒉𝒆 𝒑𝒓𝒐𝒅𝒖𝒄𝒕, 𝒕𝒉𝒆 𝒎𝒐𝒓𝒆 𝒊𝒕 𝒊𝒔 𝒍𝒊𝒌𝒆𝒍𝒚 𝒕𝒐 𝒃𝒆 𝒑𝒂𝒕𝒓𝒐𝒏𝒊𝒛𝒆𝒅 𝒂𝒏𝒅 𝒌𝒏𝒐𝒘𝒏 𝒃𝒚 𝒄𝒐𝒏𝒔𝒖𝒎𝒆𝒓𝒔 𝒂𝒏𝒅 𝒃𝒖𝒚𝒆𝒓𝒔. 𝑨 𝒄𝒓𝒆𝒂𝒕𝒊𝒗𝒆 𝒑𝒆𝒓𝒔𝒐𝒏 𝒄𝒂𝒏 𝒄𝒐𝒏𝒔𝒊𝒅𝒆𝒓 𝒄𝒓𝒆𝒂𝒕𝒊𝒗𝒆 𝒑𝒓𝒐𝒄𝒆𝒔𝒔 𝒊𝒏 𝒐𝒓𝒅𝒆𝒓 𝒕𝒐 𝒅𝒆𝒗𝒆𝒍𝒐𝒑 𝒄𝒓𝒆𝒂𝒕𝒊𝒗𝒆 𝒑𝒓𝒐𝒅𝒖𝒄𝒕𝒔.

𝑬𝑵𝑻𝑹𝑬𝑷𝑹𝑬𝑵𝑬𝑼𝑹𝑰𝑨𝑳 𝑨𝑻𝑻𝑹𝑰𝑩𝑼𝑻𝑬𝑺 𝑨𝑵𝑫 𝑪𝑼𝑳𝑻𝑼𝑹𝑬

10 𝑩𝑬𝑯𝑨𝑽𝑰𝑶𝑹 𝑷𝑨𝑻𝑻𝑬𝑹𝑵𝑺 𝑶𝑭 𝑬𝑵𝑻𝑹𝑬𝑷𝑹𝑬𝑵𝑬𝑼𝑹𝑺

1. 𝑷𝒂𝒚 𝒊𝒕 𝒇𝒐𝒓𝒘𝒂𝒓𝒅 2. 𝑺𝒕𝒐𝒓𝒚𝑻𝒆𝒍𝒍𝒊𝒏𝒈 3. 𝑭𝒓𝒊𝒆𝒏𝒅 𝒐𝒓 𝑭𝒐𝒆 4. 𝑺𝒆𝒆𝒌 𝑭𝒂𝒊𝒓𝒏𝒆𝒔𝒔 5. 𝑷𝒍𝒂𝒏 𝒕𝒐 𝑭𝒂𝒊𝒍 6. 𝑫𝒊𝒗𝒆𝒓𝒔𝒊𝒕𝒚 𝒐𝒇 𝑵𝒆𝒕𝒘𝒐𝒓𝒌𝒔 7. 𝑷𝒆𝒓𝒇𝒆𝒄𝒕𝒊𝒐𝒎 𝒗𝒔. 𝑮𝒐𝒐𝒅 𝑬𝒏𝒐𝒖𝒈𝒉 8. 𝑪𝒐𝒍𝒍𝒂𝒃𝒐𝒓𝒂𝒕𝒊𝒐𝒏 9. 𝑩𝒆𝒍𝒊𝒆𝒗𝒆 𝒕𝒉𝒂𝒕 𝒚𝒑𝒖 𝒄𝒂𝒏 𝒄𝒉𝒂𝒏𝒈𝒆 𝒕𝒉𝒆 𝒘𝒐𝒓𝒍𝒅 10. 𝑩𝒆 𝒂 𝒓𝒐𝒍𝒆 𝒎𝒐𝒅𝒆𝒍 𝒇𝒐𝒓 𝒐𝒕𝒉𝒆𝒓 𝑬𝒏𝒕𝒓𝒆𝒑𝒓𝒆𝒏𝒆𝒖𝒓𝒔 𝒂𝒏𝒅 𝑰𝒏𝒏𝒐𝒗𝒂𝒕𝒐𝒓𝒔

𝑬𝒏𝒕𝒓𝒆𝒑𝒓𝒆𝒏𝒆𝒖𝒓𝒔𝒉𝒊𝒑 𝒊𝒔 𝒂𝒍𝒘𝒂𝒚𝒔 𝒃𝒆𝒍𝒊𝒆𝒗𝒊𝒏𝒈 𝒊𝒏 𝒚𝒐𝒖𝒓𝒔𝒆𝒍𝒇 𝒂𝒏𝒅 𝒚𝒐𝒖𝒓 𝒂𝒃𝒊𝒍𝒊𝒕𝒚 𝒕𝒐 𝒔𝒖𝒄𝒄𝒆𝒆𝒅. 𝑰𝒕 𝒊𝒔 𝒂𝒃𝒐𝒖𝒕 𝒑𝒓𝒐𝒗𝒊𝒏𝒈 𝒕𝒐 𝒚𝒐𝒖𝒓𝒔𝒆𝒍𝒇 𝒕𝒉𝒂𝒕 𝒚𝒐𝒖 𝒂𝒓𝒆 𝒄𝒂𝒑𝒂𝒃𝒍𝒆 𝒐𝒇 𝒅𝒐𝒊𝒏𝒈 𝒂𝒏𝒅 𝒐𝒃𝒕𝒂𝒊𝒏𝒊𝒏𝒈 𝒘𝒉𝒂𝒕𝒆𝒗𝒆𝒓 𝒚𝒐𝒖 𝒅𝒆𝒔𝒊𝒓𝒆. 𝑰𝒕 𝒊𝒔 𝒂𝒍𝒔𝒐 𝒂𝒃𝒐𝒖𝒕 𝒕𝒓𝒖𝒔𝒕𝒊𝒏𝒈 𝒐𝒕𝒉𝒆𝒓𝒔 𝒂𝒏𝒅 𝒕𝒂𝒌𝒊𝒏𝒈 𝒓𝒊𝒔𝒌𝒔. 𝑰𝒇 𝒂 𝒄𝒐𝒎𝒂𝒑𝒏𝒚 𝒊𝒔 𝒏𝒐𝒕 𝒆𝒙𝒑𝒐𝒔𝒆𝒅 𝒕𝒐 𝒑𝒖𝒃𝒍𝒊𝒄, 𝒊𝒕 𝒘𝒊𝒍𝒍 𝒏𝒐𝒕 𝒈𝒓𝒐𝒘. 𝑻𝒉𝒆𝒓𝒆 𝒘𝒊𝒍𝒍 𝒃𝒆 𝒎𝒂𝒏𝒉 𝒑𝒆𝒐𝒑𝒍𝒆 𝒘𝒉𝒐 𝒘𝒊𝒍𝒍 𝒕𝒓𝒚 𝒕𝒐 𝒊𝒏𝒇𝒊𝒍𝒕𝒓𝒂𝒕𝒆 𝒚𝒐𝒖𝒓 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝒂𝒏𝒅 𝒈𝒂𝒊𝒏 𝒚𝒐𝒖𝒓 𝒕𝒓𝒖𝒔𝒕. 𝑯𝒐𝒘𝒆𝒗𝒆𝒓, 𝒂𝒔 𝒂𝒏 𝒆𝒏𝒕𝒓𝒆𝒑𝒓𝒆𝒏𝒆𝒖𝒓, 𝒚𝒐𝒖 𝒎𝒖𝒔𝒕 𝒂𝒍𝒘𝒂𝒚𝒔 𝒃𝒆 𝒂𝒍𝒆𝒓𝒕 𝒂𝒏𝒅 𝒘𝒊𝒔𝒆 𝒐𝒏 𝒄𝒉𝒐𝒐𝒔𝒊𝒏𝒈 𝒘𝒉𝒐 𝒂𝒏𝒅 𝒘𝒉𝒂𝒕 𝒌𝒊𝒏𝒅 𝒐𝒇 𝒑𝒆𝒐𝒑𝒍𝒆 𝒂𝒓𝒆 𝒕𝒓𝒖𝒔𝒕𝒘𝒐𝒓𝒕𝒉𝒚. 𝑨𝒍𝒍 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔𝒆𝒔 𝒆𝒙𝒑𝒆𝒓𝒊𝒆𝒏𝒄𝒆𝒅 𝒇𝒂𝒊𝒍𝒖𝒓𝒆 𝒂𝒏𝒅 𝒍𝒐𝒘 𝒊𝒏𝒄𝒐𝒎𝒆, 𝒃𝒖𝒕 𝒓𝒆𝒎𝒆𝒎𝒃𝒆𝒓 𝒕𝒐 𝒂𝒄𝒄𝒆𝒑𝒕 𝒇𝒂𝒊𝒍𝒖𝒓𝒆 𝒂𝒏𝒅 𝒖𝒔𝒆 𝒕𝒉𝒊𝒔 𝒂𝒔 𝒂 𝒈𝒖𝒊𝒅𝒆 𝒂𝒏𝒅 𝒍𝒆𝒔𝒔𝒐𝒏 𝒕𝒐 𝒄𝒓𝒂𝒘𝒍 𝒂𝒏𝒅 𝒔𝒕𝒂𝒏𝒅 𝒂𝒈𝒂𝒊𝒏. 𝑨𝒍𝒘𝒂𝒚𝒔 𝒑𝒍𝒂𝒚 𝒇𝒂𝒊𝒓𝒍𝒚 𝒂𝒏𝒅 𝒕𝒓𝒆𝒂𝒕 𝒐𝒕𝒉𝒆𝒓𝒔 𝒘𝒊𝒕𝒉 𝒓𝒆𝒔𝒑𝒆𝒄𝒕. 𝑺𝒐𝒎𝒆𝒕𝒊𝒎𝒆𝒔, 𝒘𝒉𝒆𝒏 𝒂 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝒊𝒔 𝒔𝒕𝒊𝒍𝒍 𝒂 𝒔𝒕𝒂𝒓𝒕-𝒖𝒑, 𝒊𝒕 𝒘𝒊𝒍𝒍 𝒏𝒐𝒕 𝒂𝒖𝒕𝒐𝒎𝒂𝒕𝒊𝒄𝒂𝒍𝒍𝒚 𝒃𝒆 𝒑𝒆𝒓𝒇𝒆𝒄𝒕 𝒃𝒖𝒕 𝒂𝒔 𝒕𝒊𝒎𝒆 𝒈𝒐𝒆𝒔 𝒃𝒚, 𝒖𝒕 𝒘𝒊𝒍𝒍 𝒅𝒆𝒗𝒆𝒍𝒐𝒑 𝒂𝒏𝒅 𝒃𝒆 𝒔𝒖𝒄𝒄𝒆𝒔𝒔𝒇𝒖𝒍. 𝑳𝒂𝒔𝒕𝒍𝒚, 𝒊𝒇 𝒚𝒐𝒖’𝒗𝒆 𝒃𝒆𝒄𝒐𝒎𝒆 𝒔𝒖𝒄𝒄𝒆𝒔𝒔𝒇𝒖𝒍 𝒊𝒏 𝒚𝒐𝒖𝒓 𝒇𝒐𝒆𝒍𝒅, 𝒂𝒍𝒘𝒂𝒚𝒔 𝒃𝒆 𝒂 𝒈𝒐𝒐𝒅 𝒓𝒐𝒍𝒆 𝒎𝒐𝒅𝒆𝒍 𝒕𝒐 𝒚𝒐𝒖𝒓 𝒄𝒐-𝒆𝒏𝒕𝒓𝒑𝒓𝒆𝒏𝒆𝒊𝒓𝒔 𝒂𝒏𝒅 𝒃𝒆 𝒕𝒉𝒆𝒊𝒓 𝒊𝒏𝒔𝒑𝒊𝒓𝒂𝒕𝒊𝒐𝒏. 𝑨𝒍𝒘𝒂𝒚𝒔 𝒍𝒐𝒐𝒌 𝒃𝒂𝒄𝒌 𝒇𝒓𝒐𝒎 𝒘𝒉𝒆𝒓𝒆 𝒚𝒐𝒖 𝒔𝒕𝒂𝒓𝒕𝒆𝒅.

𝑴𝑨𝑹𝑲𝑬𝑻 𝑽𝑨𝑳𝑰𝑫𝑨𝑻𝑰𝑶𝑵

𝑴𝒂𝒓𝒌𝒆𝒕 𝑽𝒂𝒍𝒊𝒅𝒂𝒕𝒊𝒐𝒏 𝒊𝒔 𝒃𝒂𝒔𝒊𝒄𝒂𝒍𝒍𝒚 𝒅𝒆𝒕𝒆𝒓𝒎𝒊𝒏𝒊𝒏𝒈 𝒚𝒐𝒖𝒓 𝒕𝒂𝒓𝒈𝒆𝒕 𝒎𝒂𝒓𝒌𝒆𝒕/𝒃𝒖𝒚𝒆𝒓𝒔, 𝒂𝒔𝒌𝒊𝒏𝒈 𝒑𝒐𝒔𝒔𝒊𝒃𝒍𝒆 𝒄𝒐𝒔𝒕𝒖𝒎𝒆𝒓𝒔 𝒘𝒉𝒂𝒕 𝒂𝒓𝒆 𝒕𝒉𝒆𝒊𝒓 𝒑𝒂𝒊𝒏𝒔 𝒐𝒓 𝒄𝒐𝒏𝒄𝒆𝒓𝒏𝒔 𝒊𝒏 𝒕𝒉𝒆 𝒇𝒊𝒆𝒍𝒅 𝒚𝒐𝒖’𝒗𝒆 𝒄𝒉𝒐𝒔𝒆𝒏, 𝒂𝒏𝒅 𝒆𝒗𝒂𝒍𝒖𝒂𝒕𝒊𝒏𝒈 𝒊𝒇 𝒕𝒉𝒆 𝒑𝒓𝒐𝒅𝒖𝒄𝒕/𝒔𝒆𝒓𝒗𝒊𝒄𝒆 𝒚𝒐𝒖’𝒓𝒆 𝒑𝒍𝒂𝒏𝒏𝒊𝒏𝒈 𝒕𝒐 𝒅𝒆𝒗𝒆𝒍𝒐𝒑 𝒊𝒔 𝒊𝒏 𝒕𝒉𝒆 𝒇𝒊𝒆𝒍𝒅 𝒐𝒇 𝒊𝒏𝒕𝒆𝒓𝒆𝒔𝒕 𝒐𝒇 𝒎𝒐𝒓𝒆 𝒕𝒉𝒂𝒏 𝒋𝒖𝒔𝒕 1-10 𝒑𝒆𝒐𝒑𝒍𝒆. 𝑻𝒉𝒊𝒔 𝒊𝒂 𝒕𝒐 𝒔𝒆𝒆 𝒊𝒇 𝒕𝒉𝒆 𝒑𝒓𝒐𝒅𝒖𝒄𝒕/𝒔𝒆𝒓𝒗𝒊𝒄𝒆 𝒚𝒐𝒖’𝒓𝒆 𝒑𝒍𝒂𝒏𝒏𝒊𝒏𝒈 𝒕𝒐 𝒄𝒓𝒆𝒂𝒕𝒆 𝒘𝒊𝒍𝒍 𝒃𝒆 𝒂 𝒃𝒊𝒈 𝒔𝒖𝒄𝒄𝒆𝒔𝒔 𝒐𝒓 𝒊𝒕 𝒊𝒕’𝒔 𝒂 𝒈𝒐𝒐𝒅 𝒊𝒅𝒆𝒂 𝒕𝒐 𝒌𝒆𝒆𝒑 𝒈𝒐𝒊𝒏𝒈. 𝑻𝒓𝒖𝒆, 𝒂𝒏 𝒆𝒏𝒕𝒓𝒆𝒑𝒓𝒆𝒏𝒆𝒖𝒓 𝒄𝒂𝒏 𝒄𝒐𝒎𝒆 𝒖𝒑 𝒘𝒊𝒕𝒉 𝒂 𝒍𝒐𝒕 𝒐𝒇 𝒈𝒐𝒐𝒅 𝒊𝒅𝒆𝒂, 𝒃𝒖𝒕 𝒏𝒐𝒕 𝒂𝒍𝒍 𝒐𝒇 𝒕𝒉𝒆𝒎 𝒘𝒊𝒍𝒍 𝒃𝒆 𝒑𝒂𝒕𝒓𝒐𝒏𝒊𝒛𝒆𝒅 𝒃𝒚 𝒕𝒉𝒆 𝒎𝒂𝒓𝒌𝒆𝒕.

𝑰𝒏 𝒐𝒓𝒅𝒆𝒓 𝒕𝒐 𝒗𝒂𝒍𝒊𝒅𝒂𝒕𝒆, 𝒕𝒉𝒆 𝒆𝒏𝒕𝒓𝒆𝒑𝒓𝒆𝒏𝒆𝒖𝒓 𝒎𝒖𝒔𝒕 𝒄𝒐𝒏𝒅𝒖𝒙𝒕 𝒂𝒏𝒅 𝒊𝒏𝒕𝒆𝒓𝒗𝒊𝒆𝒘/𝒓𝒆𝒔𝒆𝒂𝒓𝒄𝒉 𝒘𝒊𝒕𝒉 𝒉𝒊𝒔 𝒐𝒓 𝒉𝒆𝒓 𝒕𝒂𝒓𝒈𝒆𝒕 𝒎𝒂𝒓𝒌𝒆𝒕. 𝑸𝒖𝒆𝒔𝒕𝒊𝒐𝒏𝒔 𝒔𝒉𝒐𝒖𝒍𝒅 𝒃𝒆 𝒃𝒂𝒔𝒆𝒅 𝒐𝒏 𝒕𝒉𝒆 𝒄𝒐𝒏𝒄𝒆𝒑𝒕 𝒎𝒂𝒑 𝒔𝒐 𝒕𝒉𝒂𝒕 𝒕𝒉𝒆𝒚 𝒘𝒊𝒍𝒍 𝒖𝒏𝒅𝒐𝒖𝒃𝒕𝒆𝒅𝒍𝒚 𝒂𝒅𝒅𝒓𝒆𝒔𝒔 𝒚𝒐𝒖𝒓 𝒄𝒐𝒏𝒄𝒆𝒓𝒏𝒔 𝒂𝒇𝒕𝒆𝒓 𝒕𝒉𝒆 𝒊𝒏𝒕𝒆𝒓𝒗𝒊𝒆𝒘.

THE ENTREPRENEURIAL MIND BLOG NO. 1

INTRODUCTION

𝑬𝑵𝑻𝑹𝑬𝑷𝑹𝑬𝑵𝑬𝑼𝑹𝑺𝑯𝑰𝑷 𝒊𝒔 𝒕𝒉𝒆 𝒑𝒓𝒐𝒄𝒆𝒔𝒔 𝒐𝒇 𝒄𝒓𝒆𝒂𝒕𝒊𝒏𝒈 𝒈𝒐𝒐𝒅 𝒂𝒏𝒅 𝒔𝒆𝒓𝒗𝒊𝒄𝒆𝒔 𝒃𝒚 𝒊𝒏𝒅𝒊𝒗𝒊𝒅𝒖𝒂𝒍𝒔 𝒄𝒂𝒍𝒍𝒆𝒅 𝒆𝒏𝒕𝒓𝒑𝒓𝒆𝒏𝒆𝒖𝒓𝒔, 𝒓𝒆𝒈𝒂𝒓𝒅𝒍𝒆𝒔𝒔 𝒐𝒇 𝒕𝒉𝒆 𝒅𝒆𝒇𝒆𝒄𝒊𝒆𝒏𝒄𝒚 𝒂𝒍𝒐𝒏𝒈 𝒕𝒉𝒆 𝒘𝒂𝒚. 𝑰𝒕 𝒊𝒔 𝒂 𝒔𝒕𝒂𝒓𝒕-𝒖𝒑 𝒓𝒂𝒏𝒈𝒊𝒏𝒈 𝒇𝒓𝒐𝒎 𝒂 𝒔𝒎𝒂𝒍𝒍 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝒕𝒐 𝒍𝒂𝒓𝒈𝒆 𝒄𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒊𝒐𝒏𝒔. 𝑰𝒕 𝒊𝒔 𝒂 𝒑𝒓𝒐𝒄𝒆𝒔𝒔 𝒕𝒉𝒓𝒐𝒖𝒈𝒉 𝒘𝒉𝒊𝒄𝒉 𝒆𝒏𝒕𝒓𝒆𝒑𝒓𝒆𝒏𝒆𝒖𝒓𝒔 𝒈𝒓𝒐𝒘 𝒂𝒏𝒅 𝒓𝒆𝒂𝒍𝒐𝒛𝒆 𝒕𝒉𝒆𝒊𝒓 𝒂𝒎𝒃𝒊𝒕𝒊𝒐𝒏𝒔. 𝑬𝒏𝒕𝒓𝒆𝒑𝒓𝒆𝒏𝒆𝒖𝒓𝒔𝒉𝒊𝒑 𝒂𝒏𝒅 𝑬𝒏𝒕𝒓𝒆𝒑𝒓𝒆𝒏𝒆𝒖𝒓𝒔 𝒂𝒓𝒆 𝒕𝒉𝒆 𝒃𝒂𝒄𝒌𝒃𝒐𝒏𝒆 𝒐𝒇 𝒂 𝒏𝒂𝒕𝒊𝒐𝒏𝒔’ 𝒆𝒄𝒐𝒏𝒐𝒎𝒊𝒄 𝒈𝒓𝒐𝒘𝒕𝒉.

IDEA GENERATION PROCESS

𝑰𝑫𝑬𝑨 𝑷𝑹𝑶𝑪𝑬𝑺𝑺 𝑮𝑬𝑵𝑬𝑹𝑨𝑻𝑰𝑶𝑵 𝒊𝒔 𝒘𝒉𝒆𝒓𝒆 𝒆𝒏𝒕𝒓𝒆𝒑𝒓𝒆𝒏𝒆𝒖𝒓𝒔 𝒅𝒆𝒗𝒆𝒍𝒐𝒑 𝒕𝒉𝒆𝒊𝒓 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝒊𝒅𝒆𝒂𝒔 𝒊𝒏𝒕𝒐 𝒓𝒆𝒂𝒍𝒊𝒕𝒚. 𝑻𝒉𝒊𝒔 𝒊𝒔 𝒂 4-𝒔𝒕𝒆𝒑 𝒑𝒓𝒐𝒄𝒆𝒔𝒔𝒊𝒏 𝒐𝒓𝒅𝒆𝒓 𝒕𝒐 𝒐𝒃𝒕𝒂𝒊𝒏 𝒈𝒐𝒐𝒅 𝒓𝒆𝒔𝒖𝒍𝒕.

1. 𝑰𝑫𝑬𝑵𝑻𝑰𝑭𝒀 𝑨 𝑷𝑶𝑰𝑵𝑻 𝑶𝑭 𝑷𝑨𝑰𝑵                          -𝑰𝒅𝒆𝒏𝒕𝒊𝒇𝒚𝒊𝒏𝒈 𝒕𝒉𝒆 𝒑𝒓𝒐𝒃𝒍𝒆𝒎𝒔 𝒐𝒇 𝒄𝒐𝒏𝒔𝒖𝒎𝒆𝒓𝒔 𝒐𝒏 𝒕𝒉𝒆 𝒕𝒂𝒓𝒈𝒆𝒕 𝒎𝒂𝒓𝒌𝒆𝒕 𝒂𝒎𝒅 𝒄𝒓𝒆𝒂𝒕𝒊𝒏𝒈 𝒂𝒅𝒆𝒒𝒖𝒂𝒕𝒆 𝒔𝒐𝒍𝒖𝒕𝒊𝒐𝒏𝒔 𝒊𝒏 𝒆𝒗𝒆𝒓𝒚 𝒑𝒓𝒐𝒃𝒍𝒆𝒎.

2. 𝑰𝑵𝑵𝑶𝑽𝑨𝑻𝑬 𝑨 𝑷𝑹𝑶𝑫𝑼𝑪𝑻 𝑶𝑹 𝑺𝑬𝑹𝑽𝑰𝑪𝑬           -𝑰𝒕 𝒊𝒔 𝒊𝒏𝒏𝒐𝒗𝒂𝒕𝒊𝒏𝒈 𝒏𝒆𝒘 𝒑𝒓𝒐𝒅𝒖𝒄𝒕𝒔 𝒐𝒓 𝒔𝒆𝒓𝒗𝒊𝒄𝒆𝒔 𝒏𝒆𝒘 𝒂𝒏𝒅 𝒐𝒇𝒇𝒆𝒓𝒔 𝒂 𝒃𝒆𝒕𝒕𝒆𝒓 𝒑𝒍𝒂𝒄𝒆 𝒊𝒏 𝒕𝒉𝒆 𝒘𝒐𝒓𝒍𝒅.

3. 𝑻𝑬𝑺𝑻 𝑩𝑼𝑺𝑰𝑵𝑬𝑺𝑺 𝑴𝑶𝑫𝑬𝑳𝑺                              -𝑩𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝒎𝒐𝒅𝒆𝒍𝒔 𝒉𝒆𝒍𝒑 𝒆𝒏𝒕𝒓𝒆𝒑𝒓𝒆𝒏𝒆𝒖𝒓𝒔 𝒕𝒐 𝒑𝒓𝒐𝒎𝒐𝒕𝒆 𝒕𝒉𝒆𝒊𝒓 𝒈𝒐𝒐𝒅𝒔 𝒐𝒓 𝒔𝒆𝒓𝒗𝒊𝒄𝒆𝒔 𝒂𝒏𝒅 𝒂𝒕𝒕𝒓𝒂𝒄𝒕𝒔 𝒄𝒐𝒔𝒕𝒖𝒎𝒆𝒓𝒔 𝒕𝒐 𝒂𝒗𝒂𝒊𝒍. 𝑻𝒉𝒊𝒔 𝒘𝒊𝒍𝒍 𝒉𝒆𝒍𝒑 𝒊𝒏 𝒎𝒂𝒌𝒊𝒏𝒈 𝒎𝒐𝒓𝒆 𝒎𝒐𝒏𝒆𝒚 𝒂𝒏𝒅 𝒊𝒏𝒄𝒐𝒎𝒆.

4. 𝑬𝑿𝑷𝑳𝑶𝑹𝑬 𝑯𝑶𝑾 𝑻𝑶 𝑨𝑪𝑸𝑼𝑰𝑹𝑬 𝑪𝑶𝑺𝑻𝑼𝑴𝑬𝑹𝑺  – 𝑨𝒄𝒒𝒖𝒊𝒓𝒊𝒏𝒈 𝒄𝒐𝒐𝒔𝒕𝒖𝒎𝒆𝒓𝒔 𝒊𝒔 𝒒𝒖𝒊𝒕𝒆 𝒅𝒊𝒇𝒇𝒊𝒄𝒖𝒍𝒕 𝒇𝒐𝒓 𝒂 𝒔𝒕𝒂𝒓𝒕-𝒖𝒑 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝒓𝒆𝒂𝒔𝒐𝒏 𝒘𝒉𝒚 𝒊𝒕 𝒊𝒔 𝒗𝒆𝒓𝒚 𝒊𝒎𝒑𝒐𝒓𝒕𝒂𝒏𝒕 𝒕𝒐 𝒆𝒙𝒑𝒍𝒐𝒓𝒆. 𝑻𝒉𝒊𝒔 𝒊𝒏𝒄𝒍𝒖𝒅𝒆𝒔 𝒂𝒏𝒏𝒑𝒖𝒏𝒄𝒊𝒏𝒈 𝒕𝒉𝒆 𝒍𝒂𝒖𝒏𝒄𝒉𝒊𝒏𝒈 𝒐𝒇 𝒕𝒉𝒆 𝒑𝒓𝒐𝒅𝒖𝒄𝒕𝒔, 𝒎𝒂𝒌𝒊𝒏𝒈 𝒂 𝒑𝒂𝒈𝒆, 𝒑𝒐𝒔𝒕𝒊𝒏𝒈 𝒊𝒏 𝒔𝒐𝒄𝒊𝒂𝒍 𝒎𝒆𝒅𝒊𝒂 𝒂𝒏𝒅 𝒑𝒂𝒚𝒊𝒏𝒈 𝒇𝒐𝒓 𝒂𝒅𝒔.

𝑰𝒕 𝒊𝒔 𝒊𝒎𝒑𝒐𝒓𝒕𝒂𝒏𝒕 𝒇𝒐𝒓 𝒆𝒏𝒕𝒓𝒆𝒑𝒓𝒆𝒏𝒆𝒖𝒓𝒔 𝒕𝒐 𝒍𝒆𝒂𝒓𝒏 𝒕𝒉𝒆𝒔𝒆 𝒑𝒓𝒐𝒄𝒆𝒔𝒔𝒆𝒔 𝒂𝒏𝒅 𝒊𝒅𝒆𝒏𝒕𝒊𝒇𝒚 𝒕𝒉𝒆 𝒕𝒂𝒓𝒈𝒆𝒕 𝒎𝒂𝒓𝒌𝒆𝒕 𝒊𝒏 𝒐𝒓𝒅𝒆𝒓 𝒕𝒐 𝒃𝒐𝒐𝒔𝒕 𝒕𝒉𝒆 𝒈𝒓𝒐𝒘𝒕𝒉 𝒐𝒇 𝒕𝒉𝒆 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔.