Entrepreneurship

Question 1

Lean Startup

Answer 1

-test product Ideals before launching, cremte Test Loop
-get out of the building and safe time and money

Question 2

Three stages

Answer 2

-idea generation (customer discovery/problem solution fit)
-business model developement (customer validation/Produkt market fit)
-scale (customer creation/ growth)

Question 3

Source of new ideas

Answer 3

E.g. the unexpected
-study the market and observe success if products

E.g. process needs
-process perfected or redesigned

Question 4

Business model canvas

Answer 4

-customer segments
-value proposition
-channels
-customer relationships
-revenue streams
-key resources
-key activities
-key partnerships
-cost structure

Question 5

Value proposition canvas

Answer 5

Describe benefit customer get from product
E.g.
-newness
-customisation

Question 6

Business model pattern

Answer 6

-long tail pattern (offering large quantity of niche products each sells infrequently)
-lock in pattern (using another vendor is only possible with high switching costs)

Question 7

Hypothesis must be:

Answer 7

Testable
Precise
Discreet

Question 8

Validate business idea

Answer 8

E.g discovers Survey (collect data from sample and desk research

Question 9

Tam, sam, som

Answer 9

Total adressable market
Serviceable available market
Share of market

Question 10

High level product specification

Answer 10

Representation of what product will be
E.g. paper prototype or landing page

Question 11

Full lifecycle use case

Answer 11

Sketch how end user currently solves problem -> think of central elements to fill life use case ->sketch how the end user will use your product