Spiegel Sohmer

Spiegel Sohmer is a firm of attorneys offering state-of-the-art expertise to a diversified business clientele seeking solutions that are innovative, concrete, and pragmatic. Our firm groups some forty five attorneys who concentrate principally within three broad specialties: business law (including Intellectual Property), tax law and litigation.  Spiegel Sohmer has extensive experience representing companies at all stages of their life cycle, from start up through to exit, and also represents a wide array of investors.
www.spiegelsohmer.com

National Bank

National Bank helps home-grown businesses expand by offering them personalized service and banking solutions adapted to their needs. We strive to develop integrated, diversified and innovative business solutions that will meet the needs of your business at every phase of its existence. We offer a full range of financial services to individual clients, SMEs and large companies. Whatever your sector of activity, our team of experts will be able to advise you and assist you with every stage of your business growth. www.bnc.ca

Inside FI: 5 Steps to a Great Idea by @adeoressi

Posted by Adeo Ressi on 2010-08-29

The majority of Founders that apply and enroll in the Institute do not have a polished business idea. The first 30-45 days of the program is dedicated to ideation, where Founders are pushed to refine and defend a set of ideas that they are passionate about.

In the following 17 minute video, Adeo Ressi presents a five step process to develop a great startup idea. The premise is that great ideas are raised rather than born.


See the video here: http://vimeo.com/12428461

The five steps are quickly outlined below:

  • Step 1 - The Seed: Find a passion or pain point as a seed for a bigger idea.
  • Step 2 - The Project:Launch a project where you start to collect information and ideas about the potent ial business.
  • Step 3 - Quiet Time: Take quiet time to reflect on your projects throughout the day.
  • Step 4 - Board of Friends: Develop a Board of Friends to give you honest feedback on the projects.
  • Step 5 - Expand: Identify your favorite project and try to expand the scope to make it larger and more meaningful.

The video includes other tips about when you know that your idea is right and how to contextualize your idea. Enjoy!

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