session 2 part one agenda l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Session 2 Part One: Agenda PowerPoint Presentation
Download Presentation
Session 2 Part One: Agenda

Loading in 2 Seconds...

play fullscreen
1 / 13

Session 2 Part One: Agenda - PowerPoint PPT Presentation


  • 313 Views
  • Uploaded on

Session 2 Part One: Agenda Review Venture Validation Process  Market Validation Process Pound Pavement Exercise: An explanation Session 2 Part Two: Agenda Discussion:Rewriting The Book, Rob Adams. Discussion: Rewriting The Book… other topics

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Session 2 Part One: Agenda' - Ava


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
session 2 part one agenda
Session 2Part One: Agenda
  • Review
  • Venture Validation Process
  •  Market Validation Process
  • Pound Pavement Exercise:

An explanation

session 2 part two agenda
Session 2Part Two: Agenda
  • Discussion:Rewriting The Book, Rob Adams.
  • Discussion: Rewriting The Book… other topics
    • Board of advisors/directors
    • EF and dilution
    • EM and word of mouth
    • Basic resource choice: bootstrap or critical mass
    • Team issues and others
  • Summary: Entrepreneurial Success Principles
review of session one
Review of Session One
  • Of “Dead Horses” And Spurious Facts
remember old dakota tribal wisdom says that when you discover you are riding a dead horse
REMEMBER….Old Dakota tribal wisdom says that when you discover you are riding a dead horse,
  • the best strategy is to dismount.
slide5
Problem is… in business, education, and government, we often try other strategies with dead horses, including the following:
slide6

Dead Horse Strategies

  • Changing riders.
  • Increasing the standards for riding dead horses.
  • Creating computerized training sessions to increase our ability to ride dead horses.
  • Hiring consultants to determine better ways to ride dead horses.
  • Hiring contractors to ride dead horses.
slide7
Plus…
  • Harnessing several dead horses together for increased speed.
  • Forming a quality circle to find better uses for dead horses.
  • Promoting dead horses to supervisory positions.
  • Creating a Committee to determine ways to improve dead horse riding.
  • Improving the “job description” for riders of dead horses.
our dead horses
Our Dead Horses …
  • Astronomically high venture failure rates are the norm.
  • Great success or outright failure are the norms.
instead
Instead…
  • “Near Failure” is the norm during the pre-startup and startup phases.
let s pin down two definitions
Let’s pin down two definitions:
  • Prestartup Phase… from idea to when you officially open the doors for sales.
  • Startup Phase… from “first sales” to when you achieve positive operating cash flows.
slide11
The best empirical evidence suggests that the overarching principle of entrepreneurship is the Near Failure Syndrome
  • The first principle of life is to survive… the first principle of entrepreneurial life is also to survive.
  • Most ventures, for reasons of lack of resources, knowledge, tested capabilities, a sustainable strategy, etc. experience a “near death” experience
three other concepts can help avoid limit near failure
Three other concepts can help avoid/limit Near Failure
  • Corridor Principle
  • Sufficiency Cash Flow
  • Venture Enhancement
to avoid limit near failure
To avoid/limit near failure…
  • Don’t do a business plan first.
  • Do a venture validation exercise first.