IDEA challenge

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Get ready to create your business idea!
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In this activity, you will analyse the entire process chain of generating and marketing a product by developing a sustainable business model for your own idea.
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This training session will help you to:
Understand what a business model is.
Know various terms such as: Idea, Creativity, Business Model, Mini Canvas, Design, Implementation, Profit, Sustainability
Argue using concrete examples of why your idea has a chance to be implemented in the market and society.
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Complete the following activities:
1. Perception of Business Ideas
Brainstorm a business idea, write it down on a Post-its and briefly present it. Short of ideas? Read Worksheet 1: Our Economy Needs New Ideas and watch these videos to get enough creative for business, product or service ideas.
Weird Japanese Inventions:﻿ 
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Where Good Ideas Come From: 
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2. Describe your Business Idea
Write a description of your own idea (max. one A4-size page, around 3,000 characters).
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3. From an Idea to a Sustainable Business Model
﻿Worksheet 2: From an Idea to a Sustainable Business Model a case study example demonstrates how an idea can be developed into a sustainable business model.
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4. Your idea and business model
Prepare your idea and develop your business model according to the entrepreneurial design canvas.
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5. Self reflection
Use the Worksheet 4 and 5 and 6 to reflect on the results individually and in a group.
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This activity includes best practices of IFTE (Initiative for Teaching Entrepreneurship) provided for the project DARE - Day One Alliance for Employment that is funded by Iceland, Liechtenstein and Norway through the EEA and Norway Grants Fund for Youth Employment.
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Credits:
Cover image: Photo by Rohan Makhecha on Unsplash

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Earners of this badge participated in the Employment Lab training session on business idea development as part of the DARE - Day One Alliance for Employability project. The aim of this training session was to develop a business idea and model how to implement it.
 
This badge is the digitally verified micro-credential that you got to know the following:
How to develop ideas.
How to identify and seize opportunities.
How to present a draft concept.
How to analyse whether or not an idea will generate a profit.
How to describe an idea in a well-structured text, both orally and in written form (Introduction – Solution – Conclusion).
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The project is funded by Iceland, Liechtenstein and Norway through the EEA and Norway Grants Fund for Youth Employment.

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Αρ. Εργασίας 1

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Complete all the training session activities.

Δεξιότητες

ESCO

#business models

ESCO

#stimulate creativity in the team

ESCO

#self-reflection

ESCO

#developing a business case

ESCO

#sustainability

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