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Entrepreneurship Tips/Advice - Shared screen with speaker view
Laurie
11:22
COVID19 is accelerating innovation! “Who led your digital transformation?”: https://www.forbes.com/sites/blakemorgan/2020/04/05/is-covid-19-forcing-your-digital-transformation-12-steps-to-move-faster/#29ec97e3617b
Laurie
13:37
Teenagers make great entrepreneurs (duh, you know that, you’re here…), but in case you wanted the extra boost, here ya go: https://xconomy.com/boston/2016/08/05/why-teenagers-make-great-entrepreneurs/
Laurie
14:21
Me - engineer turned entrepreneurship educator: https://www.linkedin.com/in/lauriestach/
Laurie
16:25
1) Start with what sucks, then ask “why” A LOT (rule of thumb is 5 why’s)
Laurie
18:59
Here’s some over pitched app / platform ideas that often need asked “why” to get to a deeper frustration to be able to find a way to be better for customers: https://lauriestach.com/2017/04/15/only-start-a-company-where-you-can-be-10x-better/)
Laurie
20:31
Beware the “follow your passion” mantra - https://lauriestach.com/2017/07/09/passion-is-overrated/
Laurie
20:47
2) Lose the word “should”
Laurie
23:03
3) Two favorite rules: 80/20 rule and FOCUS
Laurie
24:08
80/20 rule applied to business – 80% of results come from 20% of efforts: https://www.salesforce.com/ca/blog/2016/09/80-20-rule.html (plus additional cool reading of many other applications: https://en.wikipedia.org/wiki/Pareto_principle)
Nikhil Devaraj
28:21
Do you think it is possible to find that 20% within the time limit we have?
Laurie
30:43
4) Pitch your “why” and “how”
Laurie
31:04
Awesome TED talk by Simon Sinek on “How great leaders inspire action” where he covers the ‘Golden Circle’ and ‘starting with why’: https://www.ted.com/talks/simon_sinek_how_great_leaders_inspire_action?language=en
Laurie
31:58
If you want a good laugh – Kurt Vonnegut on the Shape of Stories: https://www.youtube.com/watch?v=oP3c1h8v2ZQ
Nikhil Devaraj
35:58
If our project is more related to a different generations (ex. high school), how would be able to provide meaningful context to judges?
Rahil Modi
37:57
How can you articulate problems in the social media space that combines the elements of effective storytelling and statistics?
Laurie
38:32
I’d love your feedback: https://forms.gle/VqVhVqmiieYfHoFZ8
Laurie
38:47
Tips on doing a short pitch from the LaunchX online course (called an elevator pitch – if you’re doing less than a minute): https://www.youtube.com/watch?v=qYdENxGdcW4Additional resource – the LaunchX online course (it’s free! Or you can buy a verified certificate if you so choose…): https://www.edx.org/course/becoming-an-entrepreneur-2 Check out where we were listed on CNBC! https://www.cnbc.com/2020/04/27/10-free-online-business-courses-to-learn-new-skills.html Watch the promo video – we had a lot of fun with it and it gives you a great idea of the fun we had with the course in general  https://www.youtube.com/watch?v=IIUC55Cxa9IInnovation is highly correlated to GDP per capita (see chart at the top of this article): https://transatlanticpost.com/zurichs-zest-for-entrepreneurship-6f0f9d05d99 (and corresponding info on the calculation of the Global Innovation Index for reference: https://www.globalinnovationindex.org/analysis-economy)
Alvin He
40:29
Thank you so much Laurie!!
Nikhil Devaraj
40:38
Thank you!
Raghava S Uppuluri
40:39
Thank you!!
Ally Chan
40:43
Thank you!
Rahil Modi
40:54
Thank you Laurie!
Marley Barrett
40:55
Thank you!
Laurie
41:16
launchx.com and lauriestach.com as well