Essentials of Entrepreneurship. Anthony Cerrato Jeremy Wong. Problem Definition. There is an issue of keeping long term success of an appropriative technology (1 year or more) in a developing country There needs to be a way to ‘bridge the gap’ between the technology and sustainable business.
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BudaváriPalota (Buda Castle), poorly built from Soviet Era and not well maintained today
Who are your customers?
What goods or services do they need?
What tasks are difficult or dangerous for them?
What tasks do your customers spend most of their time doing? Can there time be spent more efficiently?
Where can you get your materials the cheapest?
Are your customers happy with your product?
Are your customers recommending your product to others in the community?
The money you generate is directly proportional with the satisfaction the customer receives from their product or service
Are your partnerships cooperative, or are they “buyer and seller”?
Are you going to sell your product to generate revenue, or are you going to provide it at cost for friends and family in your community?
Adventure Playground, Berkeley, Ca.