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Agenda

Dingman Center for Entrepreneurship Smith School of Business University of Maryland HCIL Annual Symposium May 31 st , 2007. Agenda. Venture Creation Process  Ideation Entrepreneurial Mindset  Assessment Start the Business  Implementation Iteration.

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Agenda

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  1. Dingman Center for EntrepreneurshipSmith School of Business University of MarylandHCIL Annual SymposiumMay 31st, 2007 1

  2. Agenda • Venture Creation Process  Ideation • Entrepreneurial Mindset  Assessment • Start the Business  Implementation • Iteration 2

  3. Opportunity Evaluation:Venture Creation Process • Think Big Ideas • Find a Business Model • Prove • Improve • Systematize the process • Disciplined decision • Virtuous cycle THIS HCI MODEL IS THE SAME AS THE VENTURE CREATION 3

  4. Entrepreneurial Definitions • Create Value! • My Definition…….. 4

  5. Finding an Opportunity(IDEATION) 5

  6. Global Indicators 6

  7. Interface is Everywhere 7

  8. Find a Business Model that works(Assessment) 8

  9. Finding a Model 9

  10. What fails • Static experiences • Complicated • Distracting • Inefficient • Incomplete 10

  11. IMPLEMENTATIONFive Questions • Problem • Addressable Market • Your Solution • Team • Worthwhile 11

  12. Market Challenges 12

  13. Is it Worth it? 13

  14. ITERATIONImprove the Model:Venture Creation Process • Ask the right questions • Learn from your mistakes • Think BIG IDEAS! 14

  15. Summary • Solve a real problem • Understand Customers • Implement • Low Tech/Low Cost Rollout strategy • Leverage your Skills • Iteration Improve the Experience 15

  16. Guidelines for Success 16

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