Idea generation
Are you struggling to think of a business idea but are keen to start your entrepreneurial journey?
Do you have the basis of an idea but you're not quite sure what to now do with it?
Are you simply looking for some inspiration?
A business is not you
…nor are you a business
Are you struggling to think of a business idea but are keen to start your entrepreneurial journey?
Ideas• Sell on Ebay• Start a cool website• Resell items on markets• Online Marketing Business• Events Management
• Campus Marketing
Risk / Rewards• £50 / Sales Skills• £50 / Online Marketing• £200 / Sales Experience• <£50 / Sales/Marketing• £100 /
Management/Sales/Marketing
• <£50 / Management/Sales/Marketing= or
The Student T-Shirt Business
Bran
ding
, Ope
ratio
ns, D
esig
n, E
xecu
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Websi
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an h
elp
!
• http://www.springwise.com/ideas/
How to make the choice?
• Passion • Knowledge • Skills (Develop/Have)• Required Return• Resources Available • Business Model
Make Your Passion A Success
Download from:www.makeyourpassionasuccess.com
DownloadIt Now!
NEXT STEPS
Do you have the basis of an idea but you're not quite sure what to now do with it?
You need a plan!
Too much planning
What do they look like?
1, People2, Product3, Customers4, Money
What is a Business Plan
It should discuss the following:
•Product:What the business will produce, how it will be produced, and who will buy the product or service
•People:Who will run the business
•Customers:How the business will win over customers and keep them
•Money:How the financial picture would look like over time
IDEA GENERATIONThe formula for
Tips!!
• 1. Expect to have ideas • 2. Keep and open mind• 3. Keep a written record of your ideas• 4. Try to learn something new every day. • 5. Talk about your ideas• 6. Ask questions and listen to peoples problems, hopes,
dreams and aspirations• 7. Research • 8. Draw a mind map. • 9. Synthesise ideas. • 10. Sleep on it.
Teamor
Yourself
The process
• Problem - Define• People – Provide Resources• Event – A point in time!• Fuzzy Activities & Techniques• Check Solutions• Feedback and Refine
Group vs. Individual Brainstorming
Individual brainstorming tends to produce a wider range of ideas, but does not develop those ideas as deeply as does group brainstorming since the depth of solution is limited to the knowledge possessed by an individual.
In contrast, group brainstorming produces fewer ideas (as ideas are developed, instead, in greater depth). Dominant individuals may suppress the ideas of creative, but quiet team members.
SCAMPER
• S = Substitute? (other ingredients, materials, etc.)
• C = Combine? (blend, etc.)• A = Adapt?• M = Modify, magnify or miniaturize?• P = Put to other uses?• E = Eliminate?• R = Reverse? (roles, etc.) or rearrange?
(patterns, pace, etc.)
Ego Alter
• What would a famous person do in this situation?
Thank You