tofi vsion&ideas 13/01/2015: kamal hassan
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8/10/2019 TOFI Vsion&Ideas 13/01/2015: Kamal Hassan
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Vision and Ideas
January 13, 2015
Kamal Hassan
8/10/2019 TOFI Vsion&Ideas 13/01/2015: Kamal Hassan
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Coming Up With Ideas is Easy
1.
Find a problem* that people have
2.
Say ‘why don’t we solve this by …’
3. Check out the market/competition*
* Ideally you have special knowledge
8/10/2019 TOFI Vsion&Ideas 13/01/2015: Kamal Hassan
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Idea + Person = Business
You
8/10/2019 TOFI Vsion&Ideas 13/01/2015: Kamal Hassan
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You Matter More Than the Idea
Business Value = Idea x Execution
8/10/2019 TOFI Vsion&Ideas 13/01/2015: Kamal Hassan
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And Good Ideas are Just Easier
or
8/10/2019 TOFI Vsion&Ideas 13/01/2015: Kamal Hassan
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Matching The Person to The Idea
Case Study31 years old
Engineering PhysicsR&D (Imax)
MBA
Consultant (Bain)
8/10/2019 TOFI Vsion&Ideas 13/01/2015: Kamal Hassan
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Idea #1: Education Materials
PersonalityEntrepr. experience
Market experience
Product experiencePassion
Team
#
#
#
The Entrepreneur
The Idea
Urgent NeedMarket
Competition
#
Personal fit matters more than the idea
#
8/10/2019 TOFI Vsion&Ideas 13/01/2015: Kamal Hassan
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Idea #2: Travel Publishing
Market experienceProduct experience
Passion
Team
#
Urgent NeedMarket
Competition
Passion makes up for a lot of gaps
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Idea #3: Advertising Displays
Market experienceProduct experience
Passion
Team
#
Urgent NeedMarket
Competition
#
Perfect skillset useless without passion
8/10/2019 TOFI Vsion&Ideas 13/01/2015: Kamal Hassan
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Market experienceProduct experience
Passion
Team
Urgent NeedMarket
Competition
#
Idea #4: Micro Angel Investing
#
Passion alone is not very sustainable
8/10/2019 TOFI Vsion&Ideas 13/01/2015: Kamal Hassan
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Market experienceProduct experience
Passion
Team
Urgent NeedMarket
Competition
#
Idea #5: Vehicle Payment
#
Passion plus right team is enough
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Market experienceProduct experience
Passion
Team
Urgent NeedMarket
Competition
Idea #6: Entrepreneur Platform
It sucks to sell a ‘vitamin’
8/10/2019 TOFI Vsion&Ideas 13/01/2015: Kamal Hassan
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The Bottom Line
Ideas are easy
(Special knowledge helps)
Business = idea + person
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Making it Personal
Fit the idea to youPassion is essential
Need experience: you or team