Who Wants to be an Entrepreneur?

Who Wants to be an Entrepreneur? - Presentation Transcript

with your host: Tara ‘missrogue’ Hunt

rules • three lifelines: • phone-a-friend • 50:50 • ask the audience • the money is in whuffies, not USD • you won’t get kicked off the stage if you get the question wrong

$100 What problem are we solving? A. Problem? We thought this B. Google is just so old skool. would be cool! C. Problem? Other than I D. None of the above. wanted to run a startup?

$200 Who are we solving this issue for? A. Well, me of course! B. A very specific person. C. Everyone has this problem. D. Once again, there’s an issue?

$300 Why would anyone use this? A. [insert true differentiator] B. Our technology is the best. D. We have the hottest C. Because we aren’t Microsoft. marketing plan.

$500 Who are our competitors? A. Nobody. We have a clear B. [insert list of competitors] blue ocean strategy. C. Everything that our core D. Absolutely everything that customer uses/cares about. people use today.

$1,000 What is the culture we want to create? A. A culture of me getting rich! B. Huh? C. We want to create a culture of D. A culture just like Zappos! _________. And here’s how.

$1,000 What is the culture we want to create? A. A culture of me getting rich! B. Huh? C. We want to create a culture D. A culture just like Zappos! of _______. And here’s how.

$2,000 What do we need to do to create that culture? B. I’m still not clear on what A. We need a list of core values. you mean here. D. Define values, then make sure C. We will define them as we go. every part of the business aligns

$4,000 What is our core metric for success? A. The core metric that aligns B. Sales - the bottom line. with the cultural goals. C. Traffic, referrals, happiness, D. We use ISO standards here. sales, attrition, and more!

$8,000 What is the one thing we can do today to achieve this metric? A. Here - we have a strategic B. Build the darn thing. plan. C. We’ve started building a D. None of the above. customer community.

$16,000 What is our business model? A. Build interest first, then worry B. Here it is... about the business model. D. We plan to get acquired by C. We will make money from ads. Google.

$32,000 Would someone pay to use this? B. Nobody wants to pay for A. My mom said she would. stuff anymore. C. They already do. Our model D. Maybe. will circumvent that.

$32,000 N!! I O S T E Would someone pay to use this? Q U K B. Nobody wants to pay for C A. My mom said she would. I stuff anymore. T R C. They already do. Our model will circumvent that. D. Maybe.

$64,000 How long can we go without making a dime? B. If we work part-time, we can A. We need money pronto! do this forever. C. We have 6mths-1yr ramp up D. Money is no issue. money.

$125,000 What is our long term vision? B. We’re planning quarterly at A. To be the next Apple. the moment. Maybe yearly. C. See page 34 of our strategic D. To help our customers really plan and vision statement. achieve their long term goals.

$250,000 What is your disaster recovery plan? A. What do you mean by B. We are rock solid on all ‘disaster’ exactly? fronts. Even zombocalypse. C. We are using Amazon EC3. D. None of the above.

$500,000 What is the worst thing that could happen? A. Nothing is going to go wrong. B. Denial of service attack? A We are 100% solid. server melt down? Fire? C. I don’t want to think about it. D. We fail. You are stressing me out!

$1,000,000 If we didn’t need money, would we still be doing this? B. Are you kidding me? I’d be A. Totally. on a beach sipping Mai Tais. C. We would, but with better D. Sort of. I’d be doing this, but resources. with a ‘social good’ twist.

at the end of the day: there are no right answers

good entrepreneurs: create and keep their eyes are passionate; open to all opportunities; have a higher purpose; listen to their gut; listen and never stop think positively; learning; embrace the chaos; know & understand their customers - personally; divert from routine; are resilient...and patient. take risks (calculated);

tara ‘missrogue’ hunt author, The Whuffie Factor http://www.horsepigcow.com http://www.thewhuffiefactor.com p. 514-679-2951 e. horsepigcow@gmail.com t. twitter.com/missrogue share/remix/spread ...but don’t forget to attribute http://slideshare.net/missrogue