Startup University 101

What is entrepreneurship?

Entrepreneurship is exhilarating!  There is no better feeling in the world than seeing your ideas come to life. Follow your passion. Have an impact. Make a difference. 

Is entrepreneurship right for you?

Entrepreneurship is exciting but it’s also challenging work. Spend the time to evaluate your strengths and interests so you set yourself up for success.

How do I know if my idea is any good?

Before committing a lot of time, energy and money, there are some simple ways to tell if your idea is likely to work. Invest the time to fully assess your idea and you increase your chances of success.

Do you know who your customer is?

The most important relationship you will have in business is with your customer. After all, you’re not in business until someone gives you money. It’s important to know who that will be. 

Who are your competitors?

Every new idea will face competition. The trick is to know who your competitors are and why your solution is better.

Why should customers buy from you?

Customers have a lot of choices. Your solution needs to have one or more significant advantages to stand out from the crowd, especially for your target customers.

How big can your company get?

You should have a realistic estimate of the amount of money your company can earn before you start.

How will your business work?

Every business has a process for making money. There are several factors that need to be considered and your business model should incorporate all of them.

I am finished, now what?

Now that you have watched videos, it is time to fully think through your idea by watching this overview and filling out the Idea Profile and Business Canvas Below. Once those are finished it is time to come in and start building!