Lessons Learned Blog Post 

[Joanna]

BUS 714 Entrepreneurship - Baby Clothing Subscription Service Business Model Generation

1. Do you agree that purchasing clothing for your infant/young child and then getting rid of it a short time later when it no longer fits is a problem?

2. How do you encounter this program in your life?

3. If you had a magic wand, what would you do about this problem?

4. How do you get around this problem now?

5. Do you know of others for whom it's a problem?

6. Why do you think this problem exists?

Lessons Learned June 6th
1. You shouldn't be afraid of an idea just because it's a logistical and operational nightmare. (From p 136 of the text: "One challenge we face when trying to create new business model options is ignoring the status quo and suspending concerns over operational issues so that we can truly generate new ideas.")
2. Customers should be included from the start of the idea and not after prototyping.
3. Entrepreneurship is about improving the user experience by creating a product or services that fit their needs.
4. There are many mundane problems in life that can be made easier if we reframe them and come up with novel solutions.
5. Having a good pitch can make all the difference in what ideas go forward.
6. Focus on how your product or service can solve a problem and focus pitch on that.