The Sweet Spot

by Nov 11, 2017Article, Business, IncubatorEDU0 comments

Scalable

Finally, your students’ business ideas should be scalable. This is somewhat counterintuitive when considering the “actionable” segment above. So consider this: your students could be super passionate about and be able to take action on starting a lemonade stand, but that would probably be too easy and not quite the point of the course. We should, in this class, seek to inspire our students to do things they never imagined they could and build a better tomorrow. In short, make sure your students pursue an idea that offers a real opportunity.

I realize that these last two points are somewhat contradictory, but I believe there is a sweet spot between the two that is ideal for this class, and as long as your students are passionate about their ideas, you will have a formula for success.

The Sweet Spot

by Nov 11, 2017Article, Business, IncubatorEDU0 comments

Scalable

Finally, your students’ business ideas should be scalable. This is somewhat counterintuitive when considering the “actionable” segment above. So consider this: your students could be super passionate about and be able to take action on starting a lemonade stand, but that would probably be too easy and not quite the point of the course. We should, in this class, seek to inspire our students to do things they never imagined they could and build a better tomorrow. In short, make sure your students pursue an idea that offers a real opportunity.

I realize that these last two points are somewhat contradictory, but I believe there is a sweet spot between the two that is ideal for this class, and as long as your students are passionate about their ideas, you will have a formula for success.

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