Entrepreneurship
Start: Start with chapter 1, then 11.2 Designing the Business Model.
Understand people’s problems, test a small solution and compare costs with revenue before deciding what comes next.
Listen to a specific group’s recent experiences; separate your assumptions from their statements.
Use a paper sketch or limited service to see whether people can actually complete the task.
Calculate unit cost, selling price and fixed costs separately.
Decide beforehand what result would justify continuing or changing; an unsuccessful test still provides information.
Start: Start with chapter 1, then 11.2 Designing the Business Model.
Start: Begin with Market research and competitive analysis, then Calculate your startup costs.
Start: Read the introduction to the four quadrants; compare the time, costs and risks of each path.
Start: Read 1.1 Entrepreneurship Today and choose a local problem.
Start: Use the market-research section to examine demand and existing alternatives.
Start: Start with Ideas & Opportunities and identify your own example.