How Your Idea Can Change The Future

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The problem with most startup entrepreneurs is that they run with the first idea they get. And the idea, more often than not, is too small or not defined in a way as to effectively change the future …

The problem with most startup entrepreneurs is that they run with the first idea they get. And the idea, more often than not, is too small or not defined in a way as to effectively change the future in the way they want.

Any idea, if it's worthy of being called an "idea", should have the potential to change the future. Whether it's your future, your other people's future, or both, the quality of your idea will determine the quality of the impact you can make with it.

This FREE webinar will explore four important aspects to consider when coming up with an idea that you want to turn into a product or a business, to make sure that your idea has within it the seed of success.

This webinar is for all startup entrepreneurs, solopreneurs and people who want to create a bigger impact with their business.

Presented by Coach Davender Gupta
Startup-Academie
coach@davender.com
418-948-1553
www.coachdavender.com
blog.davender.com

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  • 1. How Your Idea Can Change The Future Webinar January 29, 2014 Coach Davender Gupta Startup-Académie www.startupacademie.com www.coachdavender.com
  • 2. Most ideas are too small to support a big vision. © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 2
  • 3. Where do ideas come from? - Experience - Personal experience - Extrapolation - “What if?” “What’s next?” - Empathy - Observing other people’s situation - Excitement - Imagination, inspiration © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 3
  • 4. An idea is like a block of smooth marble, beautiful to the sight and to the touch. However, the purpose of a block of smooth marble is to be broken. Your job is to chisel away the stuff that's not relevant in order to reveal the true genius within. © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 4
  • 5. What is your idea? Vision of what you want to do The "void" (need) you want to fill Are you problem-driven or solutiondriven? (there are benefits/drawbacks of each approach) What is the WOW in your idea? © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 5
  • 6. Finding the WOW Does it matter?  find the emotion Does it go to the core issues?  find the transformation What will you learn?  Whatever the outcome, if you learn, you win Is it prototypable?  fast evolution cycle  sell, build, deliver Does it create Raving Fans? © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 6
  • 7. Why do you want to do this? • What are your personal values and priorities • How does this idea fit with your personal life mission • How do you define "success" for yourself? • How does this idea fit with your personal philosophy and values? • Why are YOU the right person to make this happen? © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 7
  • 8. Big Hairy Audacious Idea Mission, Vision, Values What you are deeply passionate about What you can be the best in the world at BHAG What drives your economic engine Maximize Potential © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés Game-Changing Results 8
  • 9. What makes this idea irresistibly attractive? Four P’s - Purpose - Passion - People - Profit © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 9
  • 10. Purpose What is the impact you are creating?  What is the change in people’s lives because what you do?  How is the world a better place because of what you do? If you were not being paid any money to do this, would you still be doing it? © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 10
  • 11. What is the value of your idea? My needs, desires, passions, priorities, values Needs, desires, passions, priorities, values of others no means MAX VALUE no demand no passion Resources skills, money, assets, experience © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés ©2005 Davender Gupta 11
  • 12. Passion The creative tension between the future you want to create and the present moment © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 12
  • 13. People Stakeholders: Anyone or anything touched by your idea, whether or not any money is exchanged Neighbours/ Users Suppliers Community Government/ Past Employees/ Regulatory Pensioners Natural Environment Shareholders YOUR BIG THE IDEA COMPANY Clients Investors Partners Enthusiasts Employees/ Families Prospective Clients SubLabour contractors Industry Market © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 13
  • 14. Profit The win-win result, tangible and intangible, that enables both parties to live their full potential. © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 14
  • 15. Can your idea scale? - Logistics: How many more resources are needed to serve more people? - Market: How will your idea “cross the chasm” from early adopters to the “mass market”? - Need: How will this need evolve with time? © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 15
  • 16. Discovering the insight About what we know (fact) What we know Discover What we don’t know © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés About what we don’t know (hypothesis) About what we know (intuition) About what we don’t know (insight) 16
  • 17. Your First Step Write your Manifesto:  What is the change you wish to create in the world?  Why this?  Why now?  Why me?  What are you committed to creating? © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 17
  • 18. My Manifesto I'm on a mission to equip 21st-century passion-driven entrepreneurial leaders with the clarity, commitment, confidence and courage to make a positive difference in the world. Why? We need a new approach to leadership, to meet the challenges of a rapidly changing and chaotic future. Entrepreneurship is the best way to ignite the imagination, focus the resources and stimulate the massive action required to overcome the huge obstacles we face. The future we desperately need will be created not by politicians, or by the CEOs of the old guard, but by a new generation of citizen-leaders who are crystal-clear about their purpose, who are powered by the passion of a big vision, and who transform the status-quo by mobilizing communities of people to build systems that create profit and prosperity for all. © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 18
  • 19. Success Factors of an Idea That Can Change The Future Cool  Keeps you awake at night Compelling  Attracts people + resources Controlled  Disciplined planning and execution © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 19
  • 20. Success is… Success is creating an experience of life which expresses your full potential © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 20
  • 21. Find a need that beats your drum. Create a plan, then make a dent. Trust that your rewards will come. And credit them as heaven sent. - Peter Drucker © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 21
  • 22. To keep in touch Coach Davender Gupta, MSc. Venture Catalyst and Visioneer www.startupacademie.com www.coachdavender.com (Québec) 418 948-1553 (Montréal) 514 448-1894 coach@davender.com © 2012 Davender Gupta - www.startupacademie.com Tous droits réservés 22