Change Ventures 2014 - Day 13
I'm a great believer in luck, and I find the harder I work, the more I have of it ~ Thomas Jefferson
What We Did
After this morning’s Daily Check-In, we spent the first half of the day sharing and discussing the Business Model Canvasses (BMC) with the students had worked in teams to complete, based on a business case study of their choice. After lunch, the students had one-to-one sessions with Lizi and Olivier Soubiele before regrouping in the evening for a group activity and discussion around Ends Goals vs Means Goals, starting with Mind Valley’s 3 Most Important Questions to Ask Yourself.
What We Observed
- The BMC assignment provided the students with a framework for researching and analysing possible competitor/similar businesses, while providing the building blocks to further develop their own business models.
- The students really enjoyed working and presenting in teams and we were happy to see the group self-organising into smaller brainstorm and breakout sessions to work on their own businesses/ideas.
- People enjoy working in collaboration. How much did you love group projects when you were a kid? When we create the space for exchanging ideas, knowledge and experience, and work towards a collective goal, we capture the energy and creativity where great ideas come from and good work gets done.
- Goal setting is important, and not always easy. One common challenge is distinguishing ends goals from means goals - where we want to go vs how we’re going to get there. This can also be thought of as your bigger vision and the smaller milestones you set to realise that vision. When we work to realise a bigger vision, it’s important to remember that there are several paths to that destination. We often forget that milestones can be refined to fit where you are, while the bigger vision is the aspirational goal you never compromise.