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Welcome to

Welcome to. “ The Future of America”. Video from last time:. Would her product really sell ? Where ? Where all the judges interested ? Was it a good product for its market ? How was her presentation ? Was what she was asking for in funding reasonable ?

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Presentation Transcript

  1. Welcome to “The Future of America”

  2. Video from last time: • Would her product really sell ? • Where ? • Where all the judges interested ? • Was it a good product for its market ? • How was her presentation ? • Was what she was asking for in funding reasonable ? • Does she BELIEVE in her product even in though times ?

  3. Ideas: Definition of idea from Dictionary.com - “any conception existing in the mind as a result of mental understanding, awareness, or activity”. Problem / unmet need ? NEW?

  4. Think & Generate Group or Individual

  5. Feasibility “Capable of being done or carried out” Did you think about this ? Improvements Capital SWOT ( Environmental scanning ) Economic conditions Political conditions Legal conditions Technology Competition Markets ………………………………. ( www.merriam-webster.com) • Is your new idea a reality ? • Flaws ? • Improvements ?

  6. The Market • What kind of business is this? • B2B ( Business – to – Business ) , B2C ( ? ) • Product, service, technology, process improvement • Mass-production, customized, one-off, etc. • Target market • Sales forecast • How fast will take-up be? • Distribution strategy • Advertising and promotion • Competitive assessment • Sales plan • Time to market • Reference customer Solution Idea (opportunity) • Operations • Protecting the idea • Logistics and supply chain • Production • Form a company • Prototype • Overhead functions • Test Run • Time to market • Full Production • Financials • Revenues • Costs • Capital (in and out)• Cash flow • • Risks • Exit strategy (good AND bad outcomes)

  7. How can I ? Internet = MARVELOUS !! Example: EMP Inc. World Wide

  8. Future plans Meetings off campus ( Field Trip ? ) Ben Craig Center CPCC Cookout ? NO COMPETITION ( outtakes ) What about an Event ? Movie Night at Student Union ? Guest Speaker ? Who would you like to come speak ? Help with News Paper article- Entrepreneurs in Charlotte “Closer than you think”

  9. Are you inspired Yet ? http://www.youtube.com/watch?v=F76jr0tJemE

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