1. Lean Venture Series 2/9/16 1
Stage 1, Lesson 1: Introduction
to Entrepreneurship
2. workshop agenda
01 introduction
02 learning objectives
03 what is entrepreneurship and who can be an
entrepreneur?
04 The business model canvas
05 summary and next steps
Lean Venture Series 2/9/16 2
5. learning objectives for this lesson
01 define what startup school is and how you can
use it to help with different kinds of projects
02 identify how to use an entrepreneurship road map
03 explain why the entrepreneurship road map is
beneficial
Lean Venture Series 2/9/16 5
6. learning objectives for series as a whole
01 adopt and practice an entrepreneurial mindset
LEARN AND GROW YOUR SKILLS
Lean Venture Series 2/9/16 6
7. learning objectives for series as a whole
02 recognize, apply, and synthesize entrepreneurship
terminology and the various components of the
entrepreneurial process and mindset
APPLY WHAT YOU LEARN IN PRACTICAL WAYS
Lean Venture Series 2/9/16 7
8. learning objectives for series as a whole
03 learn to access and leverage community resources
to support startup creation / business growth
SAVE TIME & MONEY BY TAPPING AVAILABLE HELP
INSTEAD OF SPINNING YOUR WHEELS
JOIN A COMMUNITY OF PRACTICE
Lean Venture Series 2/9/16 8
9. learning objectives for series as a whole
04 create a successful startup of any form using
knowledge and resources gained in this series
AND / OR
IDENTIFY AND LEVERAGE OPPORTUNITIES FOR
GROWTH & INNOVATION
Lean Venture Series 2/9/16 9
10. learning objectives for series as a whole
05 generate solutions to real-life problems by
synthesizing new and existing information and
resources using the entrepreneurial process and
mindset.
APPLY WHAT YOU LEARN TO SOLVE PROBLEMS THAT
ARE CRITICAL TO YOU IN REALIZING YOUR PASSION!
Lean Venture Series 2/9/16 10
11. CLARIFICATION:
The Burlington County Library System and Rowan
College at Burlington County’s Workforce
Development Institute are using the Arizona State
University “Startup School” (ASU SuS) as a basis for
this Lean Venture Series (LVS).
Lean Venture Series 2/9/16 11
“startup school”
13. brainstorm activity
01 Who do you think of as successful
entrepreneurs?
02 What attitudes and behaviors do you think
are important for an entrepreneur?
https://www.ted.com/talks/maya_penn_meet_a_young_entrepreneur_cartoonist_designer_activist?language=en
Lean Venture Series 2/9/16 13
14. 01 confidence
02 delegator
03 determination
04 disruptor
05 independent
06 knowledge
07 profitability
08 relationship
09 risk
10 selling
entrepreneurial mindset: top 10 traits of an
entrepreneur
Lean Venture Series 2/9/16 14
15. can entrepreneurship be taught??
Lean Venture Series 2/9/16 15
Startup success can be
engineered by following the
process, which means it can
be learned, which means it
can be taught.” - Eric Ries
17. what is LEAN STARTUP???
Lean Venture Series 2/9/16 17
• start-up: a temporary organization
designed to search for a repeatable
and scalable business
18. 3 Key Principles: LEAN STARTUP
Lean Venture Series 2/9/16 18
• You are starting with a series of hypotheses that must be
validated.
• Get out of the building (Customer Development)
• Talk to customers
• Minimum Viable Product
• Build – Measure – Learn loop
Emphasis on speed & nimbleness
• “Agile development” – develop offerings iteratively –
iterate/pivot the model
https://hbr.org/2013/05/why-the-lean-start-up-changes-everything
20. The Business Model Canvas in 2 minutes:
• Roadmap for building a business model
• Sketching out your hypotheses
Video Link
Lean Venture Series 2/9/16 20
25. review material
01 what is Startup School and how can you use
it to help with different kinds of projects?
02 what is entrepreneurship and who is/can be
an entrepreneur?
03 how do we use the Business Model Canvas?
Lean Venture Series 2/9/16 25
26. assignments -- handout
01 sketch out a Business Model Canvas
02 see handout for other work
Lean Venture Series 2/9/16 26
27. tips for business model canvas
• sketch out in one sitting
• ok to leave sections blank
• be concise
• think in the present
• be customer-centric
• next lesson – prioritizing customer problems
• draw pictures
Lean Venture Series 2/9/16 27
First, rather than engaging in months of planning and research, entrepreneurs accept that all they have on day one is a series of untested hypotheses—basically, good guesses. So instead of writing an intricate business plan, founders summarize their hypotheses in a framework called a business model canvas