Villhard Speaking Series | Feedback is a gift, but Iteration is Supreme
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>>>Did you know that over 90% of startup businesses fail?

>>>Want to know the #1 reason this happens? Based on analysis of 101 startup postmortems, the top reason startups fail is because there is simply no market need for the product/service that is being offered.

>>>Case in point? While passion is a key component to any entrepreneur running a business, it doesn’t really matter how much YOU love YOUR product, service or idea…what matters is how much your CUSTOMER loves and needs it and how well it solves their problems. The only way to understand what your customer needs is to ASK!
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Today, students interviewed one another about a product they all have: a wallet. Doug had students practice having each young entrepreneur LISTEN to their partner about the things they like, but most importantly, the problems they were facing with their current wallets. Students then had the chance to create several designs, collaborate, then create a prototype of the perfect wallet for their partner.
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Students will spend the next several weeks seeking feedback from potential customers about their budding individual business idea. This valuable feedback will help mold and shape their infant idea into something that is ready to be sold on the market. Another fantastic session from our entrepreneurial extraordinaire, Doug Villhard!


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