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
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/
Me - engineer turned entrepreneurship educator: https://www.linkedin.com/in/lauriestach/
1) Start with what sucks, then ask “why” A LOT (rule of thumb is 5 why’s)
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/)
Beware the “follow your passion” mantra - https://lauriestach.com/2017/07/09/passion-is-overrated/
2) Lose the word “should”
3) Two favorite rules: 80/20 rule and FOCUS
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)
Do you think it is possible to find that 20% within the time limit we have?
4) Pitch your “why” and “how”
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
If you want a good laugh – Kurt Vonnegut on the Shape of Stories: https://www.youtube.com/watch?v=oP3c1h8v2ZQ
If our project is more related to a different generations (ex. high school), how would be able to provide meaningful context to judges?
How can you articulate problems in the social media space that combines the elements of effective storytelling and statistics?
I’d love your feedback: https://forms.gle/VqVhVqmiieYfHoFZ8
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)
Thank you so much Laurie!!
Raghava S Uppuluri
Thank you Laurie!
launchx.com and lauriestach.com as well