Busi 701 artistic entrepreneurship
This presentation is the property of its rightful owner.
Sponsored Links
1 / 12

BUSI 701 Artistic Entrepreneurship PowerPoint PPT Presentation


  • 55 Views
  • Uploaded on
  • Presentation posted in: General

BUSI 701 Artistic Entrepreneurship. 1 st Class. How We’ll Navigate this Class. In Class Vernon’s Razor Lectures Profiles Applied Improv Coordination of projects Guests. Out of Class Readings Profiles Industry analysis Venture feasibility or startup plan. Danger. Focus

Download Presentation

BUSI 701 Artistic Entrepreneurship

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Busi 701 artistic entrepreneurship

BUSI 701Artistic Entrepreneurship

1st Class


How we ll navigate this class

How We’ll Navigate this Class

In Class

  • Vernon’s Razor

    • Lectures

    • Profiles

  • Applied Improv

  • Coordination of projects

  • Guests

  • Out of Class

  • Readings

  • Profiles

  • Industry analysis

  • Venture feasibility or startup plan


Danger

Danger

  • Focus

    • In the classroom

    • Working on your project

    • Course Website

  • Expectations

    • Relevant “data” hard to find

    • Analysis only goes so far


Imagine medieval europe

Imagine: Medieval Europe

WeatherZillow


Quick intro vernon s razor

Quick Intro: Vernon’s Razor

  • Definitions:


Venture

Venture

  • An undertaking involving chance, risk, or danger; especially a speculative business enterprise

  • Speculation: an investment that is very risky but could yield great profits;

  • A commercial undertaking that risks a loss but promises a profit


Entrepreneurship

Entrepreneurship

  • 18th century: bearing the risk of buying at certain prices and selling at uncertain prices

  • Today (my definition): taking good ideas, assessing the value they could create, and building an organization (people and systems) to distribute that value


Entrepreneurship1

Entrepreneurship

  • Taking good ideas, assessing the value they could create, and building an organization to distribute that value

  • Begs the questions: what value can you create? And is it enough to sustain a new venture?

Opportunity

Risk


Vernon s razor

Vernon’s Razor

Go or No-Go?


Busi 701 artistic entrepreneurship

Go or No-Go?


Vernon s razor1

Vernon’s Razor

  • ValueProposition

  • Market Potential

  • Return

  • Team

  • Competitive Advantage

  • Business Model

  • Customer Pain

Defining

Opportunity

Minimizing

Risk


Vernon s razor2

Vernon’s Razor

What is my value proposition?

How big could this get?

What’s in it for me?

Why me?

Can I compete?

Can this thing make money?

How bad do they want it?

Defining

Opportunity

Minimizing

Risk


  • Login