Example: (These are all successful companies, and this graph is not meant to disparage their reputation.)
Why was Ferrari placed at this location on the Price/Quality graph?
Why was Smart car placed at this location on the Price/Quality graph?
Why was The Ritz Carlton placed at this location on the Price/Quality graph?
Why was Motel 6 placed at this location on the Price/Quality graph?
On the next slide, you will create your first business idea.
Write down your industry, whether you are selling a product or service, your values, and a one sentence description of the idea.
Dwight would write down the information below for his business idea.
Product / Service: Service
Values: In-Person, Flexibility
Description: My business idea is to provide mentoring to startups.
What industry do you want to start a business in?
Does your business sell a product or service?
Add value to your business idea.
What is your business idea?
Present your business idea to the class.
Write down questions to ask your classmates.
Remember to be respectful during each pitch.
Day 4 Homework
(Complete your homework assignment on paper)
Help a family member or friend create their own business idea.
Write down their industry, product/service, values, and business idea.