足ることを知らず

Data Science, global business, management and MBA

entrepreneur

Day 150 in MIT Sloan Fellows Class 2023, Choice point 9 "Frankenstein"

Frankenstein (Penguin Classics) 作者:Shelley, Mary Penguin Classics Amazon Story Frankenstein, or The Modern Prometheus, is a novel written by Mary Shelley, first published in 1818. It tells the story of Victor Frankenstein, a young scient…

Day 122 in MIT Sloan Fellows Class 2023, Choice point 4 "Death of a Salesman"

About story アーサー・ミラーⅠ セールスマンの死 (ハヤカワ演劇文庫) 作者:アーサー ミラー 早川書房 Amazon Death of a Salesman: Penguin UK Edition (Penguin Modern Classics) 作者:Miller, Arthur Penguin Classics Amazon This is an overview of sto…

Day 89 in MIT Sloan Fellows Class 2023, New Enterprises 9, Learnings from the final presentation

We finally finished the final presentation of New Enterprises, the most famous entrepreneurship lecture at MIT Sloan. The final assignment was the presentation for five minutes and QA for five minutes. We studied a lot about how to deliver…

Day 84 in MIT Sloan Fellows Class 2023, New Enterprises 8, Pitching your idea

Possible agenda for pitch Normally, pitch can be 5-7 mins, but you may need to deliver a shorter presentation like elevator pitch. Then, you need to focus on couple of topics as follows. Tell a story - make a connection Be very specific an…

Day 79 in MIT Sloan Fellows Class 2023, New Enterprises 7, MVBP

7What are the components of MVBP? Value: end users can recognize the values of the product Pay: economic buyer can actually pay for the products Feedback: Through MVBP, you can collect feedback from users. MVBP of ATM ATM seems to be very …

Day 74 in MIT Sloan Fellows Class 2023, Entrepreneurial Sales 6, Customer Success

Customer success matters because of sales growth Most of your revenue comes after the initial sale. Initial sale only generates 5-30 % of revenue and the rest, 70-95% comes from renewals and upsells. Create happy customers Leads from happy…

Day 72 in MIT Sloan Fellows Class 2023, Managerial Finance6, Venture Finance

Fundamentals of startup finance Venture capital provides funds to build companies from the earliest stages to freestanding, mature organizations. Limited partners(LPs): institutional net worth investors providing capital to VC funds. They …

Day 70 in MIT Sloan Fellows Class 2023, Entrepreneurial Sales 5, Assessment

To understand companies' sales strategy and status, I will write down comprehensive lists of interview questions. Understand numbers Besides economics, we need to understand "where is a bottle neck" Potential lead Qualified lead to sales D…

Day 69 in MIT Sloan Fellows Class 2023, New Enterprises 6, Peloton

Peloton Peloton made toning your glutes feel spiritual. But should Jesus be part of the class? - The Washington Post Peloton is the major exercising kit and we studied its marketing and business strategy in early period. Who is the custome…

Day 61 in MIT Sloan Fellows Class 2023, New Enterprises 5, your business core - Cheeky Chompers

Dragon's Den www.youtube.com Cheeky Chompers sell baby products and two ladies made presenation in front of investors. Their feedbacks were really terrible. However, after this program, their sales recorded over 1M GBP. What is your core W…

Day 60 in MIT Sloan Fellows Class 2023, Entrepreneurial Negotiation3, Scenario role playing

In this class, we have some role-playings in a startup negotiation situation Scenario 1: Emotional conflict - Understanding the connection between emotion and preparation in negotiation- Understanding how emotion makes it hard to hear what…

Day 58 in MIT Sloan Fellows Class 2023, Entrepreneurial Sales 4, Field Sales

For what kind of products we should adopt Field Sales? Field sales is a DIRECT selling motion referring to the selling ofproducts or services by sales reps outside the office.Sales people literally go out into the “field” to meet with pros…

Day 57 in MIT Sloan Fellows Class 2023, New Enterprises 4, TAM & Persona

Market segments People tend to put more weights on demographic because it is identifiable. However, psychographic is more important actually. Demographics are just correlating with psycographic. The one of the most sophisticated organizati…

Day 54 in MIT Sloan Fellows Class 2023, New Enterprises 3, Dollar Shave Club

Power of viral video www.youtube.com Dollar shave club is the brand all the people in the marketing industry know. However, no one knows why it is excellent and why it is not worth. This video cost just $4500 and generated countless leads …

Day 51 in MIT Sloan Fellows Class 2023, Entrepreneurial Sales 3, Partnership

Facts about sales through partnership ~80% of B2B companies leverage partnerships Partners can boost your entire GTM engines Partners really cares about technical support and reliability of product Many good partnerships have 30,60,90 days…

Day 48 in MIT Sloan Fellows Class 2023, New Enterprises 2, Primary Market Research

What is Primary Market Research In 24 steps in the disciplined entrepreneurship program, the first step is market segmentation. We brainstorm potential markets and get more insights about segmentation. WHO IS YOUR CUSTOMER? WHY THEY PAY FO…

Day 46 in MIT Sloan Fellows Class 2023, Entrepreneurial Negotiation1, Negotiation Basics

Entrepreneurial Negotiation is basically about negotiation, but it is focusing on startup negotiation. Why is it so specific to startup negotiation? Because startup landscapes is massively different from other negotiations. They don't have…

Day 44 in MIT Sloan Fellows Class 2023, Entrepreneurial Sales 2, Four Sales Motions

CAC and LTV CAC(Customer acquisition cost) and LTV(Live time value) are the most important financial metrics to measure your GTM strategy. GTM strategies are no longer funnel structure, it would be 4 different looping process. Lead Qualifi…

Day 43 in MIT Sloan Fellows Class 2023, Learning from cohort 5 , how to write your pitch

Background He is alumnus of Ycombinator and we were in the same study group. He is a really good person and understands how startup works. TAM One of his advice is the size of TAM. Let's aim over 10B market because market share doesn't mat…

Day 42 in MIT Sloan Fellows Class 2023, Entrepreneurial Sales and New Enterprise 1, How startups fail

Disciplined entrepreneurship ビジネス・クリエーション! ---アイデアや技術から新しい製品・サービスを創る24ステップ 作者:ビル・オーレット ダイヤモンド社 Amazon The professor of New Enterprises is Bill Aulet, one of the most famous professors …

Day 39 in MIT Sloan Fellows Class 2023, Leadership learning from cohorts - 6 Entrepreneurial mindset

Diving into the entrepreneurial world I decided to dive into the entrepreneurial world as an experiment because I have been really interested in this field, and some ideas came to mind after staying here at MIT. Undoubtedly, MIT is one of …