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You Have An Idea, Now What?
Tuesday, August 9th, 2011 – running time 04:03
Successful entrepreneur and CEO, Jay Adelson, demystifies the process of launching a company by answering aspiring entrepreneurs' questions. Today he discusses what are the initial steps are after coming up with an idea for a new company.
Segments
Jay's Chalkboard Notes:
1. Ideas can occur to you anywhere with anyone
2. Once you have an idea, share it with friends and family
3. Let the idea grow and take shape
4. Figure out what the business is behind the idea
Today's Homework Assignment
Your takeaway assignment based on today's question is to create a two-page summary of your idea that you can share with friends and family. Include the following: what is the idea, why is it a business, who is your target demographic, what are the pain points that it is solving, how is it going to make money, how long is it going to take to create a prototype, how long until it gets to market. Share this document and get feedback. Then write it down again and again until you have melted it to it's essence.
Have a question about launching a business that you want answered? Add your question to the comments section, or upload a video question on our YouTube page. And make sure and follow Jay via Twitter.
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