Learning About Business Strategy

I want to become an Entrepreneur and start my own business later on, so I took part in deciding what business Cassie, Nicolas and I are gonna do!

Meetings, Meetings!

We held many meetings, and in those meetings, we brainstormed different ideas. When we thought of ideas, we needed to think about our Strengths, Weaknesses, Opportunities, and Threats. And also the customer’s needs, our product’s Replicability, Scalability,  and Sustainability. And last but not least, we need to think about the ROI or the return on Investment. Finally, we picked out 9 ideas that we thought were good, then we evaluated each of them and picked out the best.

Educational App

We decided to make an online educational product, it can be a game or an app. And later on, we can combine it with some offline classes using the online content/product we made.

I Need to Think and Rethink Before I Decide What Business to Do

I also learned…

  • Freelancer is focused on doing great work, and Entrepreneurs focus on selling out and scaling.
  • I need to think about a lot when I’m deciding what business I’m gonna do.

Resources

  • The Inevitable
  • Zero to One
  • How to start a startup (Stanford CS183B)
  • Sinovation Ventures (a Chinese VC) Open Course of Entrepreneurship

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Hi, my name is Felix I'm 12 and I learn at home instead of at school. I learned through many projects and I want to share them with you. I did some of these projects by myself but I also did a lot with my friends from different countries!