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Starting
Beyond the idea




                  www.alaintheriault.com
And so it goes




                 www.alaintheriault.com
So, what’s in it for you ?




     Opportunity is in the eye of the beholder !
                                                   www.alaintheriault.com
So, why should
you listen
to me ?
ns
  Pla



World of
business



           5
               www.alaintheriault.com
The Business Plan

• It barely changed in 40 years
• People read it less and less
• It doesn’t guarantee success, performance or
  profits
• It won’t get you the money you need,
  even less the money you want




                                        www.alaintheriault.com
The Business Plans
• Most entrepreneurs aren’t motivated by it.
• Very few believe in it
• Money providers barely rely on it, because the
  content rarely fits their expectations
• The business counselors try to work
  around it’s weaknesses
Bird in hand




               www.alaintheriault.com
It starts with




                 www.alaintheriault.com
Entrepreneurs have the
bright shiny new gizmo syndrome!
But…




       www.alaintheriault.com
Smart Small




              www.alaintheriault.com
The Need




           www.alaintheriault.com
Maslow          21e siècle




         Tous droits réservés -
                       Besoin
                                  www.alaintheriault.com
A convincing solution




                        www.alaintheriault.com
The advantage

•   Comparative
•   Competitive
•   Unfair
•   V=B-C
•   V=R-E




                  www.alaintheriault.com
The 5F of expectations
- Functions
- Finances
- Freedom     Gives more freedom
- Feeling     Give emotions
- Future      He can see long term




                (c) Claude Ananou    www.alaintheriault.com
Junkies ?   www.alaintheriault.com
Probability
   Uncertainty,
    Unknown!
Six thresholds
Get something going
Propagation




          Tous droits réservés -
                                   www.alaintheriault.com
The pivot




            Tous droits réservés -   www.alaintheriault.com
Growth




         www.alaintheriault.com
Exit                stra




       www.alaintheriault.com

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Starting zeneca

Editor's Notes

  1. You create an opportunity We are, in the world, the territory (quebec) where there is the most money invested to support entrepreneurship and our results are catastrophic There are many ways of starting a business. Right ttime, right place, right solution…but being the right person is the glue that holds it together. That is why so many project fail There might be a market fit BUT is there an entrepreneurs-fit…very few dare go there when someone come to present a project
  2. B.Ed brought me 10 years in guidance counseling MBA 10 years in entrepreneurship Managing directorEntrepreneurship Center Lecturer One of the Founding member of the Quebec association of Incubation Full-time coach of entrepreneurs The EEB Unique in the world) I come from my experience, my frame of reference
  3. Carte n’est pas le territoire.
  4. Vision Mission
  5. Talk about the ADD syndrome
  6. Our model
  7. Doing stuff…
  8. Les besoins sont plus psychologiques, besoin du 2 e degrè
  9. Catching and understanding trends Social Political economic Cultural technological rules Environnement SWOThreats analysis Porter model How the game is played What it takes to WIN
  10. Positionning Kano Better product Better efficiency Better relationship FAST-GOOD-CHEAP
  11. Fail parce qu ’ il n ’ y a pas de client Formuler le modèle: Iteration mesure, mettre sur le marché Ce n ’ est pas à propos de ce que vous aimez, c ’ est à propos de ce qu ’ ils aiment, veulent et ont de besoin! Apprentissage validé Ce sont des évangélistes Vrai Études de marchés Premiere version Customer acquisition model ? Solliciter le feedback Les 5 pourquoi: Régler la cause et non le symptôme Comment se comportent-ils ?Que font-ils avec le produit Accrocs visionnaire: Quelle autre utilité ? PAS JUSTE TESTER LE PRODUIT: Les éléments marketing, comment répondent-ils ? I-Kola Questionnaire Medais sociaux Product to market « fit » : Mesurer 10 personnes Customer discoveries->Validation| >(iterations néceaaires) customer creation-> company building real client/ hypotheses : Problem et concept du produit En vouloir est quelques chose, l ’ utiliser une autre l ’ exemple de la FLip Incertitudes à propos de ce qyue le consommateurs désire
  12. Argent – Temps – Santé – Famille – Notoriété – Estime de soi Harvard Study Six Treshold
  13. Le temps L ’argent Social Stress Réputation/notoriété Psychologique: Estime de soi
  14. Focus business Le pitch se développe Le modèle d ’ affaires: Apprentissage sur soi, son entreprise aussi…impact sur la vision! Qu ’ est-ce que le plan mesure par rapport à ce qu ’ il y aura à faire !!!! Une fois par rapport à plusieurs ?!?!?!!? SHOW ME THE MONEY!!!! Focus Business Utiliser le canvas Fixer des objectifs: Accessible (tous peuvent suivre), calculables/mesurables, appuyés sur des actions concrèetes Real BAD news is better on a smaller scale Formulation des hypothèses Produits, problème canaux de distribution, demandes marché et compétition On mesure: Acquisition, activation, références, rétention, et surtout revenu Aller chercher l ’ argent quand le risque qui reste est Technique Pas une risque de marché. SUICIDE ZONE: Nouvelle techno, nouveau produit, nouveau marché La rapidité des opérations, des itérations Minimum viable product/measure how people use it, faire de petites expérience, mesurer, si le ROI descent LÀ il faut pivoter Les coûts, un peu, la rapidité est plius précieuse Sales roadmap: influence map: Compr.hension du cycle de vente Modèle de revenu Type de marché matrice produit /marché What changes in et quellle stratégie market: size, cout d ’ entrée, cout de sortie barrière positionnement /sales/, model, cycle, marges, chasm s techno customer/: besoin adoption finance: time to profit, time to market, burn rate etc.
  15. The Pivot Phrenolohy of an entrepreneur Avoid expensice false positive Market risk to technical risk Model iyrtate release measure (pivot) re-statement of business model, pivoys are about business, vision-driven not testing driven ARRRR metrics Scalability: from 1 to 100 000 Hit the local max Rivot From Bootstrap to Scale
  16. Une startup ça se cherche un modèle d’affaires Viable, evolutif. reproduisible MVP I-kola Modèle: De dsitribution Création de demande Modele d’affaire Pivot: Ancré dans l’apprentissage! 5 pourquoi : Le PIVOT