It is not dangerous to tell people your idea. The truly good ideas don’t sound like they are worth stealing. The hardest part about coming up with great ideas, is that the best ideas often look terrible at the beginning.
Highlight of the Program:
One-on-One session with the Mentor/Expert.
Idea identification and assessment. Identify your idea and assess it with respect to your potential customers and the market environment.
By the end of this module you will be able to validate your idea. And will be answer following questions for your idea.
Technical & Market Feasibility (Does the need exist?)
a. What pain point are you solving for?
b. Who are you solving this problem for?
c. How are you going to solve the problem?
d. Is anyone else doing it? How are customers currently solving for their problems?
e. Can you do it differently from them
Financial Feasibility (Can you monetize the idea?)
a. Would your customers pay for your solution to the particular problem?
b. How big is the market? How many customers would potentially pay for your solution?
Who can attend:
Entrepreneurs who are at the idea stage, early execution stage. Who has identified the consumer problem but unable to turn it into a concrete business plan.
Detail:
Idea Validation
Identification of Idea and Idea Assessment:
• Identifying an Idea
• Assessing the Idea
Identifying Target Segment and Market Sizing:
• Understanding your Target Segment
• Sizing the Market
Analyzing Environment and Competitive Advantage
• Analyzing Environment
• Understanding Industry
• Competitive Advantage
Duration: 4 – Hours
Sessions: 2 Sessions (2 x 2 hours)
Medium: English & Hindi (mixed)
Format: Lecture, Case Studies, Audio & Visual content, Self – Assessment Assignments, Learning Shared by Guest Entrepreneurs
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