Disclaimer: Here, as in all the material that I will be providing to you throughout the semester, you will find information, comments, suggestions to guide your thinking, to guide your work. This is not, and it will not be, a receipt for use as is. It will always be your responsibility to seek the best possible information, and relevant sources of information to support the decision-making process throughout the development of your project.
The first part of your EITT Project, Part I, corresponds to the identification/definition of a problem that encapsulates your idea of the start-up.
The PROBLEM/IDEA will be orally introduced and discussed by the groups in the EITT ?P- Classes?. The formal presentation for evaluation of Part I will be done in Week 4, March 24-April 1.
While you search, study, analyze information that is relevant to define your idea, and the problem you are solving, it is also important to work on the solution, market, financial aspects, and investment that will be key elements of your startup project.
When you present Part I, your work should have addressed all relevant information you might consider relevant (again, you should not restrict your use of information to the information I may be able to convey to you), For example, you should have been able to answer the following questions:
1. What is the problem?
2. What is the ?pain? that the problem addresses?
3. How is the problem addressed/solved today?
4. Why is it a problem worth solving?
5. Does the problem represent an opportunity? What is the opportunity?
6. Why is it important to solve the problem now? Why should not wait for tomorrow?
7. Why is it that the problem that exists today will continue to exist tomorrow?
8. Why am I able, how can I, solve the problem? Why can I, and how can I, have a better solution for the problem?
9. And what about tomorrow? Will there be more or fewer people/companies with the problem?
10. Who will pay for the solution to the problem?
Want to know more? Go to the internet and search for what you want, what you need, what might be relevant for you, what might help you,...
For example, have a look at this link
Defining Problems: The Most Important Business Skill You've Never Been Taught
https://www.entrepreneur.com/article/237668
Or this one...
Creative Problem-Solving Strategies to Test Your Business Idea
https://www.entrepreneur.com/article/225923
No hint or comment or suggestion will ever be able to replace your proactive drive to search for what you will need to learn to develop your startup project.