Workshop on Opportunity Recognition & Being an Entrepreneur: A Conversation with Professor Z

19 Mar Professor Laura Zavelson

How many ideas do you think of each day?

idea overload

One student attending this workshop said he’s continually thinking of ideas, sometimes adding up to over 20 ideas per day!

But what makes one of those many ideas, the one idea that becomes an opportunity for an entrepreneurial venture? In order to answer this last question, Professor Laura Zavelson created a list of questions to ask yourself about your idea:

  • What problem am I solving
  • How much do I like this – am I passionate about this
  • Do people want or need this
  • Am I the right person to pursue this idea or do I know someone with the domain knowledge who can help
  • Is there any competition
  • Which idea has the biggest financial up-side
Professor Laura Zavelson

Professor Laura Zavelson

“As an entrepreneur, time is your most valuable asset” ~ Laura Zavelson

Another thing to consider is whether this idea is an “on-the-couch” or “off-the-couch” idea. If you think about what technology enables us to do, we can accomplish a lot from our couches at home; we can do market research, create spreadsheets, forecast financials, create our business model, develop our business plan, research our competition, and find possible customers (to name a few). However, the one thing you cannot do, is start a business from your couch.

In order to successfully start a business from an idea,  you need to:

  • Talk to people, any kind of people, about your idea and get their feedback
  • Talk to potential customers
  • Talk to experts in the field/industry and hear what they have to say
  • Get yourself out there!

If you have an idea and have been able to determine that it is in fact an opportunity, ask yourself this:

  • What is my idea exactly (in 3 sentences or less)? Note: your first answer may not be the best one but a good rule of thumb is to ask yourself “WHY” 3 times. When you define your idea, or the problem you’re solving, or what you think makes it a good idea, make sure you can ask yourself “why” three times and have an answer
  • Who will benefit from this idea (i.e. your customers, etc.)?
  • Where do I want to start this business?
  • What problems am I solving? (list these)
  • Why is this a winning idea?
  • How will I make money through this?

So, are you ready to start a business yet?!?

If you have any questions OR if you want your business idea to be the focus of our next workshop and have SEED go through this process and help you answer these questions, please contact Atticus Grinder at agrinder@elon.edu

Link

Shift: Supporting Entrepreneurs in Greensboro

8 Feb

Shift: Supporting Entrepreneurs in Greensboro

Events, Help, & Guest Writers. Founded by Arthur Stuart who attended our Startup Weekend Triad even at Elon! 

Video

Patrick Awuah – Educating Africa’s Future Entrepreneurs

8 Feb

Link

TEDx at Elon!

8 Feb

TEDx Elon

The Theme: Innovation into Practice

When: Saturday, February 22, 2014 @ 1:00PM

Learn More

Link

Sign up!

8 Feb

Southern Entrepreneurship in the Arts Conference

“Orchestrate Your Creative Future”

Learn More & Register Here

When: February 22, 2014 @ 9:00AM – 6:00PM

Where: Elliott University Center @ UNC Greensboro

Who: Students & Emerging Artists

Elon’s Medal for Entrepreneurial Leadership Goes To. . .

8 Feb

Dr. Partick Awuah!

Patrick Awuah

How do you think of Africa?

What is wrong in Africa?

Dr. Patrick Awuah, an engineering and economics graduate of Swarthmore College as well as a graduate of UC Berkeley’s Haas School of Business and a former Microsoft Program Manager, decided to ask these questions to himself and to those in Ghana, the place where he grew up.

The answer he found: Leadership.

With this discovery, Dr. Awuah decided to do something about leadership in Africa and he recognized the opportunity to do so through education.

Soon after, he founded, Ashesi University, which educates students with critical thinking and ethical courage as the foundation of each lesson.

In 2010, Dr. Awuah was ranked as one of the top 100 most creative people in business by Fast Company and today, Ashesi University moves into its 11th year.

Please join SEED and the rest of Elon’s entrepreneurial community in welcoming Dr. Patrick Awuah to Burlington, NC on February 27th, 2014 at 5:00PM in the LaRose Digital Theater on Elon University’s Campus. 

We will not only be given a chance to hear him speak but we will be given the opportunity to ask questions and engage with someone who embodies the idea of social entrepreneurship.

For any questions please feel free to contact Elizabeth Greenberg at egreenberg@elon.edu 

Entrepreneurial Teens: Teen proposes dog beach permits for pet’s collar

30 Jan

sfl-nicholas-bourdon-and-his-chesapeake-bay-retriever-chessie-20140121

http://www.sun-sentinel.com/news/palm-beach/fl-boca-youth-proposes-new-dog-beach-permit-20140121,0,7946781.story

An article, posted by the Sun Sentinel, one of Florida’s premier newspapers, picked up a story about a 17-year-old high school junior and his entrepreneurial way of thinking.

What are your thoughts on his idea?

Do you have any comments for Nicholas?

Please Share, We Love To Hear From You!!!!

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