BEC Idea Exchange<br />
How it works<br />Create a Group<br />Post a short description (100 words) of your original business idea<br />Create a di...
Recommended Topics<br />1. What Problem am I solving?  What is the Product / Service that does this?<br />2. Who are my cu...
Business Model Examples<br />All-in-one, Auction business, Bricks & clicks, Collective, Components, Cutting out the middle...
Who can join?<br />Babson MBA Candidates<br />Babson MBA Graduates<br />Babson Faculty<br />Babson Staff<br />Babson E-Tow...
Intellectual Property – Don’ts<br />Don’t post your secret recipe – i.e your 11 herbs and spices if you are KFC.<br />Don’...
Don’t be afraid to share<br />***Remember - Don’t be afraid to share appropriate information - the principle of the site i...
Do’s<br />Discuss Business Model / Logic Questions<br />FacebookvsMyspace, or KFC vs Popeye Chicken<br />Use Idea Exchange...
Contribute!<br />Do post well thought-out and constructive comments.<br />Be aware that your comments may be used by the o...
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Idea Exchange

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Idea Exchange

  1. 1. BEC Idea Exchange<br />
  2. 2. How it works<br />Create a Group<br />Post a short description (100 words) of your original business idea<br />Create a discussion and discuss the core business problem you are attempting to solve.<br />Contribute / Receive well thought out responses to discussions from other members.<br />
  3. 3. Recommended Topics<br />1. What Problem am I solving? What is the Product / Service that does this?<br />2. Who are my customers? What is my market?<br />3. What is my Revenue / Business Model?<br />These 3 questions are central to the funding problem, see this article posted on Dean Tadepalli’sTwitter here:<br />http://500hats.typepad.com/500blogs/2010/07/moneyball-for-startups.html<br />
  4. 4. Business Model Examples<br />All-in-one, Auction business, Bricks & clicks, Collective, Components, Cutting out the middleman, Direct sales, Distribution, various Fee in, free out, Franchise, Freemium, Industrialization of services, Internet, Low-cost carrier, Loyalty, Monopolistic, Multi-level marketing, Network effects, Online auction, Online content, Premium business, Professional open-source, Pyramid scheme, Razor and blades (bait and hook), Servitizationof products, Subscription.<br />
  5. 5. Who can join?<br />Babson MBA Candidates<br />Babson MBA Graduates<br />Babson Faculty<br />Babson Staff<br />Babson E-Tower Undergraduates<br />E-tower comprises 21 select Babson Undergraduate Entrepreneurs.<br />
  6. 6. Intellectual Property – Don’ts<br />Don’t post your secret recipe – i.e your 11 herbs and spices if you are KFC.<br />Don’t post a copy of your prototype if you’re trying to hatch the next Facebook.<br />Don’t give names of key business contacts.<br />Don’t post ideas that are not your own.<br />Don’t plagiarize.<br />
  7. 7. Don’t be afraid to share<br />***Remember - Don’t be afraid to share appropriate information - the principle of the site is no different to:<br />Any typical Business Idea competition website<br />http://www.refresheverything.com/leaderboard<br />Kickstarter:<br />http://www.kickstarter.com/projects/196017994/diaspora-the-personally-controlled-do-it-all-distr<br />Dragons Den -http://www.bbc.co.uk/dragonsden/entrepreneurs/<br />
  8. 8. Do’s<br />Discuss Business Model / Logic Questions<br />FacebookvsMyspace, or KFC vs Popeye Chicken<br />Use Idea Exchange to refine your idea and to understand your Business model better.<br />Learn, make your idea sharper, network, make friends, get ready to launch, or grow.<br />Take common sense steps to protect yourself– e.g. ensure you get Patent protection for your invention if applicable.<br />
  9. 9. Contribute!<br />Do post well thought-out and constructive comments.<br />Be aware that your comments may be used by the owner of the Group in their business.<br />Have fun exchanging ideas!<br />

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