so you want to be an entrepreneur: the babson-trust workshops · pdf fileso you want to be an...
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SoYouWanttobeanEntrepreneur:TheBabson-TrustWorkshops
FredNanniBabsonCollege
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BasicTraining:It’sMyBusiness(101)• Objectives:
– Determinewhetherafuturecareerinbusiness,andmostcritically,acareerasanentrepreneur,isapotentialfitforyouandyourlifestyle
– Builda“personalplaybook”ofnextstepstowardsuchacareer• Workshopgoals:
– Developconnectionsandnetworkwithagroupoflike-mindedformerprocolleagues– Buildsecondcareerconfidence– Developskillstorecognizegapsinbusinessplans,bothyoursandonesproposedto
youbyothers• Workshopdesign:
– Intensive3daysession– Hands-onlearning;lotsofteamactivity– Highlevelsofinteraction– Manyopportunitiestoofferandtestideas
BABSON COLLEGE — ALL RIGHTS RESERVED
Entrepreneur’sBootCamp(201)• Objectives:
– Developskillswiththetoolsandstrategiesneededtolaunchandgrowanewbusinessventure
– Developtheconfidencetosupportbusinessexecution• Workshopgoals:
– Developanopportunity-centeredmindset– Learnwaystotestthemarketviabilityofaproductorservice– Learnbestpracticesforfinancingabusiness– Developskillstolaunchandgrowinaleanandfastmanner– Becomeabletoclearlyandefficientlyarticulateyourideasandvision
• Workshopdesign:– Intensive5daysession– Hands-onlearning;lotsofteamactivity– HighlevelsofinteractionwithbothNFLveteransandotherentrepreneursfrom
aroundtheworld– Manyopportunitiestoofferandtestideas
BABSON COLLEGE — ALL RIGHTS RESERVED
GrowingMyBusiness(301)• Objectives:
– Determineopportunitiesandbarrierstoexpandingandscalingupanexistingprofitablebusiness
– Assessyourstrengthsandweaknessesastheleaderofaneffectivebusinessteam• Workshopgoals:
– Exploreandapplycriticalgrowthmanagementstrategiesandtactics– Developplansforgrowthandforfundingthatgrowth– Strengthenfinancialmanagementandperformancemeasurementskills– Improveabilitytomanagecustomerrelationships,marketing,sales,andstaff
• Workshopdesign:– Intensive5daysession– Hands-onlearning;lotsofteamactivity– Highlevelsofinteractionwithfaculty,experiencedentrepreneurs,andotherformer
players– Manyopportunitiestoofferandtestideas
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BabsonEntrepreneurshipPath
Isentrepreneurshipforme?
Haveabusinessidea?
Haveanofferyoucanrefuse?
TestMarket,Seekfunding
Build– rampupthebusiness- Products- Processes- Employees- Partners- Customers
- Saleschannels
Shapethebusinessmodel
Babson101
Babson201
Babson301
TheTrustprogramatBabsonCollegehasthreeprimaryworkshops,eachonefocusedonadifferentstageofentrepreneurialdevelopment.
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StrategicEconomic BusinessModel
•Whatdoyousell?• Towhom?•Whywouldtheybuy?• Howdoyoumakemoneydoingthat?
Whataboutfoundations?
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MappingtheBusinessModelBabsonPreferredCanvas
Source:AdaptedfromBusinessModelGeneration,Osterwalder,Alexander;RunningLean,Maurya,Ash
Key Partners Key Resources Value Proposition
Differentiation Leading to Advantage
Customer Segments
Key Metrics Channels
Cost Structure Revenue Structure
CustomerCompany
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Let’stalkaboutyourbusinessideas!
Joining,Launching,orGrowingaBusiness
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WhatDoYouneedtoManageandGrow YourBusiness?
Bullet-proofCVP
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WhatDoYouneedtoManageandGrow YourBusiness?
MONEY
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WhatDoYouneedtoManageandGrow YourBusiness?
ScalableBUSINESSMODEL
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WhatDoYouneedtoManageandGrow YourBusiness?
ScalableMANAGEMENTMODEL
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TheWorldofEntrepreneurshipandTheBabson-TrustProgram
LastQuestions?