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

Richter
Richter is, above all, a financial consulting services firm offering strategic support and has been a recognized member of the business community since 1926. Richter entire team consists of more than 450 partners, experts, high-level professionals and administrative employees. Because of this collective expertise, our firm has an unrivalled reputation and has earned the respect of the business community: www.richter.ca

Futurpreneur
Futurpreneur Canada is the only national, non-profit organization to provide financing, mentoring, and support tools for every business stage to aspiring business owners and startup founders: www.futurpreneur.ca

WeWork
World's leading provider of space, community, and services to help you make a living

Fundica
Connecting entrepreneurs with funding resources. The Fundica Roadshow stops in 10 of Canada's top business cities. Join Fundica Roadshow for inspirational RoadTalks provided by great speakers and network all day. Every city's best pitch wins a trip to pitch in San Francisco and prizes from their partners!

Adeo Ressi’s 5 Steps to a Great Startup Idea

Posted by Adeo Ressi on 2015-11-09

The majority of Founders that apply and enroll in the Founder 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, CEO of the Founder Institute presents a five step process to develop a great startup idea. The premise is that great ideas are raised rather than born.



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!

(Rear view of the brunette woman in formal clothes image by Shutterstock)

Adeo Ressi’s 5 Steps to a Great Startup Idea

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