Rick Carter - Your Business 2.0
In every show we talk about what being an Encore Entrepreneur means to help you understand the what and the why before launching into the how.
To help with this we have 2 regular segments -
Opportunities for the Modern Elder in start up business
Future Back Thinking - how to plan today having some clarity (not certainty) about future trends
Understand what your exit strategy will be - before you start the business
Include all the possible options in your business plan
Clearly identify which strategy will best fit your aims in starting the business
In planning your exit it is vital to know what problems you are solving and how
“If I were given one hour to save the planet, I would spend 59 minutes defining the problem and one minute resolving it,” Albert Einstein said.
What is a minimum Viable Product to solve the problem to get started
Understand where you are heading before you start
Follow the lead of the Founder Institute and write a clear Vision for 2021 that sets you on the course you have defined for the next ten years
In planning the future don't aim to be certain but be clear about a portfolio of possibilities
What You Need to Do
Check out an exciting new tool from Founder Institute to help devise ’For Progress’ startup ideas (https://fi.co/progress)
Read about or listen to -
https://chipconley.com/ and his book Wisdom @ Work
https://kk.org/ Kevin Kelly and his book The Inevitable
https://www.iftf.org/bobjohansen/ Futurist Bob Johansen who talks about Future Back Thinking
Start working on your Purpose Canvas
Keep developing your 1 minute Pitch by analysing what Problems you plan to solve and why based on what you learned today
The Last - Pains, Gains, Customers and Value Propositions
The Next - Are you a leader or a follower?
Are You Really An Entrepreneur?
Written by Rick Carter
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All IBGR Shows Notes are available for download