The document summarizes tools and frameworks provided by the Dingman Center for Entrepreneurship for assessing venture opportunities and iterating business models. It outlines frameworks for assessing market size, customer needs, revenue streams, and the strength of the management team. It also discusses challenges of creating new markets and the importance of prototyping solutions, validating the market, and improving the business model through iteration based on learning. The overall goal is to help entrepreneurs find a business model that works and determine if a venture opportunity is worthwhile.

1. Dingman Center for Entrepreneurship Smith School of Business University of Maryland PresenTense Jerusalem, Israel 6/16/2008

2. Dingman Center Tools: Venture Creation Process Ideation Iteration Assessment Implementation

5. Catalyst How do customers make a decision? How do you reach customers? What creates purchase decisions?

7. Find a Business Model that works (Assessment)

14. Improve the Model: (ITERATION)