2. WHY?
• Why Not
(e.g., I want to be an entrepreneur because I hate my job and I want to try something else)
• Just Because
(e.g., My parents and grandparents are entrepreneurs and so am I)
• Purpose*
*Purpose is beyond Passion, consider this the key to success that will help entrepreneurs go
through hard times
3. Example:
In 2012, ~ 1 out of 3 Americans are considered obese, over 147 Billion in
associated medical costs.
Source: American Heart Association, Center for Medicare & Medicaid Services 2012.
Can we do something about this???
4. How about this idea to scare people away from
consuming junk?
• Before
• After
Salt 52%
Fat
40%
6. But we should look for purpose
beyond passion
Examples of Purpose Driven For Profit Businesses
• Cliff Bar - Make food that makes the world a better place
• Google - Organize the world’s information and make it universally accessible and useful
• Kiva - Make food that makes the world a better place
See more: http://gamechangers500.com/
7. How to look for a purpose?
Be compassionate, then:
• Observe your surrounding
• Identify problems
• Challenge status quo
Look for opportunity within your domain
9. I found the purpose, I want to
change the world, now what?
Now you need to look for a winning product
idea to deliver your purpose
Keep in mind…
Over 90% of startups failed!
Source: http://www.amazon.com/You-Build-Will-They-Come/dp/047056363X
Most founders failed to create the future with customers.
Source: http://hbswk.hbs.edu/item/6591.html
10. How to identify a winning product
idea for your next startup?
Use these simple I.T.C formula
• Impact – wholesome purpose ?
• Top Down – market size, customers, channels, cash
• Capability – leadership, ability to make the product
11. What’s Next?
• Positioning. Understand where you are at in life. Be
aware and thankful of who you are, what you have
and your surrounding
• Act. Don’t wait, take actions right away
• Measure. Measure your progress based on impact
12. Bonus: Free Winning Product Identifier
Scan the qr code on the left or
go to: http://bit.ly/winningproduct