Area of Personal/Professional Development: What are you most excited about developing as a person? I am most excited about putting my schedule together in a more effective way To-Learn-List: Create a ‘to-learn’ list and not to-do. Why are these goals important to you? manage a team effectively Project Vision: What kind of impact do you wish to make through your project? The achieve the transition to more circular economy through transparent supply-chains How does your project align with your personal purpose? Creates a toolset and an eco-system of how it is possible Learn from your Mentor's experience of finding their life's purpose. My mentor has a really interesting journey where he was following his passion and was always opened to change direction even when he was already old. Building Confidence: What is your mentor's journey of "doing" confidence? Discuss lessons learned and exchange tips to use language that might insinuate confidence. He was giving me very valuable insights
Instructions by Alondra to ask AI to help.
Activity: Refining Your Problem Statement with GPT
1. Seek Targeted Feedback from GPT
Input your existing problem statement into GPT and use the following prompts to gather feedback:
Clarity: “What can I improve to make this clearer?” Specificity: “How can I make this more specific?” Conciseness: “Re-write my problem statement in one impactful paragraph.” SMART Framework: “Make it SMART (Specific, Measurable, Achievable, Relevant, Time-bound).”
3. Reflect and Discuss
Share GPT’s feedback and your reflections with the group (use the chat) “What did you notice changed in your statement?” “Did GPT’s feedback help uncover any assumptions or gaps?” “How has this feedback shifted your understanding of your project focus?”
4. Refine Further
Ask GPT to help identify any “blind spots” in your project - research and validate
One-for-one model bevezetése
End-of-Fellowship Vision: Define clear, measurable objectives for what you want to achieve by the end of the Fellowship. Action Plan: Outline specific short-term actions and long-term strategies to reach these goals. Support Type: Determine how your mentor can best support you—advisor, cheerleader, or both. Specific Requests: Identify specific actions or resources you need from your mentor. Shared Values: Discuss and note any value similarities and differences.
Mom Test:
Key Points:
Avoid Asking for Validation: Don’t ask if your business idea is good; instead, focus on understanding the customer's real needs and problems. Ask About Their Life: Frame questions around the customer’s experiences rather than your idea. Specific Past Examples: Inquire about specific instances rather than general opinions or future hypotheticals. Listen More: Prioritize listening over talking to gather genuine insights. Asking leading questions that invite compliments or false positives. Focusing too much on your idea instead of the customer’s perspective. Illustrates how to effectively engage with a customer (e.g., the “mom” example) by asking open-ended questions that reveal valuable insights without biasing their responses. Understanding Customer Needs: The goal is to uncover concrete facts about customers’ lives, which helps refine your business idea and product. Don’t rush to pitch your product; instead, gather enough information to understand if there’s a real problem worth solving. Conclusion:
Effective customer conversations require a shift in focus from seeking validation to understanding the customer’s world. By following the Mom Test principles, entrepreneurs can gather actionable insights that lead to better business decisions.
Venture Coaching with Mark
To start with connecting solutions providers with the places where foiodwaste is generated
→ Getting to know the stakeholders better
Process mapping!
Current situation (linear) There is waste
→ That why the current system is broken What is our solution → where it steps in → You can clearly see it is meeting this problem Need a why → why are they wasting? (Supermarkets, etc)
Too much infromation on the slides
→ Simplify → break down into smaller part
Waterfall of processes
10 demo/month → 10% conversion rate → 1 sale (Basket of products: 60% passport page, 20% lio machine, 20% software, 10% compost machine) → 30Eur + 300Eur + 10Eur + 120 Eur = 460 ) Minimum: 12x 460 = 5 520 Eur