Workshop Sep 26th, 2017 - Farmingdale State CollegeClear market need and a plan to take advantage of...
Transcript of Workshop Sep 26th, 2017 - Farmingdale State CollegeClear market need and a plan to take advantage of...
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Workshop
Sep 26th, 2017
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Introduction: how to make a business pitch?
Interactive exercise: generating a business idea
Workshop Agenda
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Introduction
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What is your product or service?
What is the current problem or opportunity?
How does your product/service address to the problem or opportunity?
Who will buy your product/service?
How are you going to offer the product or service?
How are you going to grow the business?
What to pitch?
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Market Opportunity Clear market need and a plan to take advantage of the
need.
Competitive Advantage The product or service is something unique that has a
protectable competitive advantage in the proposed market.
Presentation The pitch presented the venture in a clear, compelling
manner, and answered questions well.
Investment Potential The business is a real investment opportunity in which you
would consider investing.
What are we looking for?
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Incubate your ideas into real business plan Participate in the NYS Business Plan Competition in Spring, 2017
https://www.youtube.com/watch?v=jZXO3NAVrQE&feature=youtu.be NYSBPC Industry Categories
- Social Entrepreneurship/Non-Profit- IT/Software- Clean Tech- Advanced Tech - Products- Services
Goals
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Dec 15th, 2017 Deadline to submit Application
Feb 2nd, 9th, & 16th, 2018 Bootcamps for competition
February 19th, 2018- Farmingdale campus Finals
March 7th, 2018 - Long Island Regional Finals
April 27th, 2018 - New York State Finals, Albany, NY
Important Dates for NYSBPC
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Interactive Exercise
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Write down one problem or opportunity that you are aware of
What product/service can address the problem?
Generating a Business Idea
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LVL – The First Wearable Hydration Monitor
An Example
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https://www.kickstarter.com/
https://www.entrepreneur.com/
https://www.inc.com
https://www.growthink.com/blog
Sources For Inspiration…and Information
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Don’t forget to sign up to pitch your business idea on
Oct 19th
Or Nov 16th
Four faculty judges will evaluate and comment on your business idea.
Participants will receive Barnes & Noble gift cards.
Pitch your Business Idea!
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