Monday, February 25, 2013

Please conclude your active search for a product idea that can sustain a level of demand and result in profitability.  You will need to use the packet provided last class and test the tools presented in Noah's advice.

By the end of the class period, you should have an idea for a business plan to develop throughout the remainder of the semester.  

This should take the entire class period to gather evidence that your idea has sustainable demand.  Begin identifying the Factors of Production and the costs associated with each.

YOUR UNIT EXAM IS NEXT CLASS

EQ - How can I develop a million dollar business this week?
  1. Activator - My Challenge to You (Page one of the packet)
  2. Actively Read the Million Dollar Idea Packet
    • Mark up the packet with your thoughts, ideas, and questions (The more the merrier)
  3. Share your thoughts, ideas, and questions with a partner
    1. Gain a new perspective
    2. Help your classmates answer questions
  4. Try it for Yourself - Follow Noah's steps and see what you can do during this class period
    1. Find a profitable idea (p 3-4)
    2. Find $1,000,000 worth of customers (4-7)
    3. Assess your customer's value (7-8)
    4. Validate your idea (8-10)
    5. Killing your inner "Want-repreneur" (No more wannabe's)
  5. 5 Minute TOD 
    1. Create a list of your accomplishments during this class period
    2. Where would you like to take your idea next?
    3. What can Mr. Hill do to help you?

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