VUKA Works’ Post

Tip #3 from the Business section of the VUKA Business Design Accelerator: Carve out an advantage. There’s no sense in going down a path if you really don’t have some inherent advantage. You need to honestly ask: Are we uniquely capable of delivering this business idea? No one (including you) should invest time and money into something that others can easily replicate. To learn more, get started with the VUKA Business Design Accelerator: https://lnkd.in/e_q8X_3A #vuka #vukaworks #businessdesign #business #design #ideas #startup #entrepreneur #entrepreneurship #dailytips #course #onlinecourse #learning #strategy #businessstrategy #innovation #youngentrepreneurs #education #entrepreneurshipeducation #businesstip #startuptips #entrepreneurtips #advantage #businessadvantage

This one one of the many key takeaways from a recent Bloom Burton & Co. healthcare investment conference. To quote one of the esteemed investor panelists: "It's never Plan A that gets you to your goal. It might not even be Plan B or C. So don't get locked into Plan A." The marketplace conditions and players are always shifting, and the new venture journey is one of continual learning and course correction. No matter what the nature of your business, it's important to be intellectually and tactically agile - balancing your determination to stay the course, with keeping an open mind to reconsidering your game plan based on learning and context. All of the remarkable new ventures that presented at the conference pivoted along their path to success! #healthcareinnovation #heatlhcareinvestment #newventures #startup #pivot #businessdesign #vukaworks #vuka #startuplearning #innovation #entrepreneurship #entrepreneurs

Whether it's the CEO in a company or an investor in a new venture, this is one of the most important questions they ask (along with the idea and the business potential). In fact, in an academic research study we did among investment decision-makers, the overall comment was: "You can tell when a team really has it together. They're going to find a way to make their idea happen whether you say yes, or not." That's why it's so important to build your idea with the right team, with the right capabilities, and a shared vision of the business. Too often I meet teams who have blind spots in their business ideas, and gaps in their team. Thinking through who you need to make your idea happen early on will help you build a more robust business idea, and convince others that you have what it takes to deliver on your promise. That takes both a diverse core team, and advisors and mentors who can help fill in the gaps until you're on your way! Stay tuned for more tips from the VUKA Business Design Accelerator. If you want the full picture of what hundreds of innovators have told us were their most valuable lessons on Business Design, register for access to our video series at: https://lnkd.in/e_q8X_3A #businessdesign #innovation #entrepreneurship #entrepreneurs #businessstrategy #newventure #startup #startupsuccess #startups #businessideas #vukaworks

Tip #2 from the Business section of the VUKA Business Design Accelerator: Build know-how. Delivering great ideas requires it. As you look at your big idea, ask: What do we have to be really good at to deliver this to the market? This will inform both who you need on your team, what it will cost to build that expertise, and who you might partner with. To learn more, get started with the VUKA Business Design Accelerator: https://lnkd.in/e_q8X_3A #vuka #vukaworks #businessdesign #business #design #ideas #startup #entrepreneur #entrepreneurship #dailytips #course #onlinecourse #learning #strategy #businessstrategy #innovation #youngentrepreneurs #education #entrepreneurshipeducation #businesstip #startuptips #entrepreneurtips #expertise #cost #partnership

Validation is a responsibility. When companies or investors make decisions on where to place their betting chips, they don't just want 'anecdotes' or 'hunches', they want evidence. Evidence that the there is a sizable market gap to be filled, a quantifiable gap between needs and the level of satisfaction with current solutions. That's why every module of the VUKA Works process includes 'assessment' to validate your decisions with evidence - whether that's through rigourous feedback or market research. And 'evidence' is not 'proof' - there's no proof that anything that's new will be a success. But it's an important 'reason to believe' that will build confidence that you are on the right path - from understanding the market and stakeholders to formulating solutions to designing the business model. Why would anyone take a chance when the future of a business is at stake? All it takes is switching gears between 'exploring' and 'deciding'. That's business design. #vuka #vukaworks #businessdesign #business #design #ideas #startup #entrepreneur #entrepreneurship #dailytips #course #onlinecourse #learning #strategy #businessstrategy #innovation #youngentrepreneurs #education #entrepreneurshipeducation #businesstip #startuptips #entrepreneurtips #stakeholders #validate

Empathy is also very important in healthcare : empathy with patients and their families ; empathy with caregivers and their stress levels ; empathy with citizens who struggle for access to care ; empathy with payors who struggle with delivery and budgets ... consider the "quintuple aim" from IHI . #vukainvestor #healthcareonlinkedin

Validating the opportunity can be quite challenging in healthcare, as a highly regulated market. Not only do you need regulatory approval for many products and services, but you also need reimbursement from payors whoever they may be. Clinical evidence of safety & efficacy are not enough - outcomes and cost effectiveness and ease-of-use also figure prominently. EXCITE International Brian Lewis #vukainvestor #healthcareonlinkedin

New Post: The Most Unexpectedly Popular Side Hustle of the Decade Has Low Startup Costs and High Markups - https://lnkd.in/gEVJjt-T #financialfreedomllc #businesstips #business #entrepreneur #businessowner #entrepreneurship #marketing #smallbusiness #businesscoach #digitalmarketing #success #entrepreneurlife #motivation #businessideas #businessgrowth #businesswoman #businessman #businessquotes #businessowners #businessstrategy #startup #businesslife #businessmindset #businessminded #entrepreneurs #businessadvice #entrepreneurmindset #marketingtips #onlinebusiness #branding

This time on Cube Hacks, we have Satish Kataria, Saumya Prakash & Ravi Mathur, sharing with us their methods to measure the reach of their brand voice. Get to know how vital it is today to define a strong brand voice and measure them on a recurring basis to understand its impact! Stream their stories and grow from it, exclusively on Incubez OTT. #Incubez #IncubezOTT #CubeHacks #Business #Entrepreneur #Entrepreneurship #Entrepreneurs #StartupLife #SmallBusiness #StartupBusiness #Innovation #BusinessOwner #EntrepreneurLife #StartupIndia #Branding #BusinessTips #StartupTips #VentureCapital #Funding #Investment #SocialMedia #InvestIndia #BusinessOwners #Inspiration #StartupStory

Evolving technologies make brand success measurability better - but adoption remains a challenge! #web3 can make brands engage much better with their consumers - it just requires the right implementation! Thanks Incubez for again sharing my thoughts on Branding and Web3! Javed Akkhtar 🇮🇳 Ali Mohammed Chisty Koushik Chitrapu Sangeet Hemant Kumar 🔶Ram Patnaik