Week 1
You before the business
Theory Session 01 — Business Foundations
Before choosing a business, we have to understand the person.
- what a business actually is;
- the difference between an idea and a business;
- problem → solution → customer → transaction;
- product vs service; B2B vs B2C;
- recurring vs one-off revenue;
- scalable business vs lifestyle business;
- risk, capital, time, skills.
Personal Business Map
- What do I know? Skills, experience, industries, contacts.
- What can I do? Practical capabilities.
- What do I enjoy? Work you can do for years.
- What do I NOT want? Just as important.
- What resources do I have? Time, money, contacts, technology, market.
- What life do I want? The business must fit the life.
