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Teaching problem validation workshop

  1. 1. TEACHING PROBLEM VALIDATION TEACHINGENTREPRENEURSHIP.ORG
  2. 2. WHAT ARE YOUR PROBLEMS
  3. 3. WHAT ARE YOUR PROBLEMS TEACHING PROBLEM
  4. 4. PLATFORM TOUR
  5. 5. DOAN WINKEL John J. Kahl, Sr. Chair of Entrepreneurship John Carroll University JUSTIN WILCOX Founder, Customer Development Labs Author, FOCUS Framework
  6. 6. CUSTOMERS DON’T BUY products CUSTOMERS BUY SOLUTIONS TO problems Why Problem Validation?
  7. 7. Why Problem Validation?       
  8. 8. WHAT ARE YOUR PROBLEMS TEACHING PROBLEM
  9. 9. Problem Validation 1.Buy-In 2.Hypothesizing 3.Discovery 4.Confirmation PROBLE M EXERCISE S
  10. 10. Our QuestionEXERCISE S Do you want them for your class?
  11. 11. Problem Validation 1.Buy-In PROBLE M
  12. 12. Getting Buy-In INVENTOR ENTREPRENEURVS. Build things. Build things people buy.
  13. 13. Getting Buy-In INVENTOR ENTREPRENEURVS.
  14. 14. Getting Buy-In INVENTOR ENTREPRENEURVS.
  15. 15. CUSTOMERS DON’T BUY products CUSTOMERS BUY SOLUTIONS TO problems Entrepreneurs Know
  16. 16. EXERCISE Problems. Not Products. Origin Cases
  17. 17. EXERCISERead Origin Story - Design Conference in SF - No affordable hotels - Rent 3 Airbeds (plus breakfast) $80/nigh - Others wanted to use the site
  18. 18. EXERCISE Problems. Not Products. Origin Cases Big companies, start small ...and solve real problems.
  19. 19. Problem Validation 1.Buy-In PROBLE M1.Buy-In 2.Hypothesizing
  20. 20. PROBLE M Idea Generation Problem Generation EXERCISEHypothesizing
  21. 21. HypothesizingEXERCISE Problem Generation
  22. 22. Problem ValidationPROBLE M1.Buy-In 2.Hypothesizing 1.Buy-In 2.Hypothesizing 3.Discovery
  23. 23. DiscoveryPROBLE M Interviews 1.Who to Ask 2.How to Ask 3.What to Ask 1.Who to Ask
  24. 24. Who to Interview Early Adopters People seeking a solution to the problem
  25. 25. EXERCISE Your Early Adopters Discovery
  26. 26. Design Conference Attendees “I can’t find a hotel room for < $200”
  27. 27. “I can’t find a hotel room for < $200” Searches for hostels Asks about room share on forum Asks a friend about a place to stay Tries couchsurfing Stays far away and rents a car Looks up rooms on craigslist Asks about good hostels on Facebook Asks about room share on forum Posts on Couchsurfing for a room Asks a question on TripAdvisor Posts on craigslist about a room share
  28. 28. DiscoveryPROBLE M Interviews 1.Who to Ask 2.How to Ask 3.What to Ask 1.Who to Ask
  29. 29. Problem ValidationPROBLE M1.Buy-In 2.Hypothesizing 3.Discovery 1.Buy-In 2.Hypothesizing 3.Discovery 4.Confirmation
  30. 30. ConfirmationPROBLE M Problem isn’t validated until customers “pay” to solve it
  31. 31. ConfirmationPROBLE M Currency Test 1.Marketing Channel 2.MVP 3.Success Metrics EXERCISE
  32. 32. EXERCISE Currency Test Template Confirmation
  33. 33. Design conference forums Website to rent airbeds out in our apartment during design conference. $80/night. Includes breakfast. 7/1/2017 7/15/2017 Revenue $500 $200 Rent whole house Raise price Pivot to Developers EXERCISE
  34. 34. Problem ValidationPROBLE M1.Buy-In 2.Hypothesizing 3.Discovery 4.Confirmation EXERCISE S
  35. 35. Our QuestionEXERCISE S Do you want them for your class? 4 OF 35 $99/ student
  36. 36. TEACHING PROBLEM VALIDATION TEACHINGENTREPRENEURSHIP.ORG
  • DanielZaretsky

    Feb. 2, 2018

Workshop for www.TeachingEntrepreneurship.org

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