ADM 3313 Lecture Notes - Lecture 1: Shopify, Snowboarding, Electric Toothbrush
23 Oct 2018
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Ideas and their values usuall(cid:455) are(cid:374)"t shared due to some factors: Idea will be stolen (infrequently but a possibility: someone will judge (could be hurtful although helpful, gi(cid:448)e up the (cid:862)lotter(cid:455) drea(cid:373)(cid:863) (cid:894)(cid:272)he(cid:272)k the (cid:374)u(cid:373)(cid:271)ers(cid:895) I can reach them with my revenues greater than expenses. Ideas evolve over time or start as mistakes. Ideas evolve over time: facebook, blackberry, start as mistakes, 3m sticky notes. Ideas can come from anywhere, most often we see good business ideas starting with one (or more) of the following: personal pain. I have a problem that needs solving: shopify (a snowboarder sells his snowboard designs online, but people are more interested in knowing how to make the website. A(cid:374) e(cid:373)plo(cid:455)ee tur(cid:374)s out to be an expert on fences. Therefore, the person hired the employee as his own and thus the company is created) I love this so much, i can see myself working on it 24/7.
