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The 8 questions
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Dave Weinberg
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Social Entrepreneurship @ Brandeis 2013
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The 8 questions
1.
Item Comment No
of slides 1. The Problem What is the problem in the world you seek to address? What is the basic need that people have that your product or service will fulfill? Make sure you are a problem seeking a solution instead of a solution seeking a problem. What is keeping them up at night? 1 2. Quantify It Express the problem in quantified terms. How big is it? 1 3. Your Solution Describe how your solution addresses the problem as described above. Don’t just describe your product or service. Do that, but make sure you make clear how that product or service applies to the problem or need you’ve described. How much will they pay you to have a good night’s sleep? 1 or 2 4. Your Advantage Describe your competitive advantage … how your product or service is better, faster or cheaper. What is defensible? This will bridge from the value proposition described above to the competitive landscape discussed next. 1 5. Competitive Landscape Describe the other players who are attempting to address the problem described, either as direct competitors or as one offering a substitute product. As you outline the other players, you are also sending a subliminal message that you belong in this company and should be valued accordingly. 1 - use the 4 quadrant approach 6. How You Win The Game aka Strategy Discuss your business model and the marketing plan. This will show how your solution gets to market and how that activity returns financial results of interest to the Company. 2, 1 each 7. Your Team Management primarily; influential people serving as Directors or Advisors; professional service providers if appropriate 1 (divide the mgt and board slides if there are a lot of them 8. Your Need Ask for the money you are trying to raise. Talk about how the money will be used, the results expected and the time needed. 1 9. Summary Summarize in three points why the investment makes sense. 1 ©2003 Saul Orbach, The Beachhead Group, LLC