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BEC Idea Exchange,[object Object]
How it works,[object Object],Create a Group,[object Object],Post a short description (100 words) of your original business idea,[object Object],Create a discussion and discuss the core business problem you are attempting to solve.,[object Object],Contribute / Receive well thought out responses to discussions from other members.,[object Object]
Recommended Topics,[object Object],1. What Problem am I solving?  What is the Product / Service that does this?,[object Object],2. Who are my customers?  What is my market?,[object Object],3. What is my Revenue / Business Model?,[object Object],These 3 questions are central to the funding problem, see this article posted on Dean Tadepalli’sTwitter here:,[object Object],http://500hats.typepad.com/500blogs/2010/07/moneyball-for-startups.html,[object Object]
Business Model Examples,[object Object],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.,[object Object]
Who can join?,[object Object],Babson MBA Candidates,[object Object],Babson MBA Graduates,[object Object],Babson Faculty,[object Object],Babson Staff,[object Object],Babson E-Tower Undergraduates,[object Object],E-tower comprises 21 select Babson Undergraduate Entrepreneurs.,[object Object]
Intellectual Property – Don’ts,[object Object],Don’t post your secret recipe – i.e your 11 herbs and spices if you are KFC.,[object Object],Don’t post a copy of your prototype if you’re trying to hatch the next Facebook.,[object Object],Don’t give names of key business contacts.,[object Object],Don’t post ideas that are not your own.,[object Object],Don’t plagiarize.,[object Object]
Don’t be afraid to share,[object Object],***Remember - Don’t be afraid to share appropriate information - the principle of the site is no different to:,[object Object],Any typical Business Idea competition website,[object Object],http://www.refresheverything.com/leaderboard,[object Object],Kickstarter:,[object Object],http://www.kickstarter.com/projects/196017994/diaspora-the-personally-controlled-do-it-all-distr,[object Object],Dragons Den -http://www.bbc.co.uk/dragonsden/entrepreneurs/,[object Object]
Do’s,[object Object],Discuss Business Model / Logic Questions,[object Object],FacebookvsMyspace, or KFC vs Popeye Chicken,[object Object],Use Idea Exchange to refine your idea and to understand your Business model better.,[object Object],Learn, make your idea sharper, network, make friends, get ready to launch, or grow.,[object Object],Take common sense steps to protect yourself– e.g. ensure you get Patent protection for your invention if applicable.,[object Object]
Contribute!,[object Object],Do post well thought-out and constructive comments.,[object Object],Be aware that your comments may be used by the owner of the Group in their business.,[object Object],Have fun exchanging ideas!,[object Object]

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Idea Exchange

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