In this lesson we will learn…
New vocabulary
What makes a startup successful
Warm up questions
Do
Do you
you like
like to
to take
take risks?
risks?
Would
Would you
you rather
rather start
start aa company
company or
or work
work for
for aa growing
growing company?
company? Why?
Why?
What
What do
do you
you think
think when
when you
you hear
hear the
the word
word ‘entrepreneur’?
‘entrepreneur’?
What
What is
is aa ‘startup’?
‘startup’? Can
Can you
you think
think of
of any
any successful
successful startups?
startups?
What is a startup?
A startup is a new business or company that uses a new idea to solve a
customer’s problem.
What do you think the idiom means?
a) Think differently using new ideas b) To have old, traditional and
to solve a problem. expected ideas.
Reveal Answer
Vocabulary match
Idea Team Capital Founder
Reveal Answer
Using the words from the previous slide,
complete the following sentences.
a) It’s important to put together a __________ (a group of people) that have the
right skills, different experience, and are excited to make your idea a big
success.
b) A _____________ (creator) thinks of a new, original ___________ (plan)
that is well researched and solves a relevant customer problem.
c) Startup ____________ (financing) is money that is invested to pay for
expenses that help develop the business. Entrepreneurs need money to launch a
new business.
Reveal Answer
Look at the phrases and
put them in the correct column.
Sweat equity Customer-centric
Growth hacking Angel investor
Crowdfunding Co-working space
Thought leader Resilient
Pivot Achievable
Disruptive technology Inspirational
Bootstrapping Diverse
Capital Founder Team Idea
Reveal Answer
Capital
Match the phrases to the correct meaning and answer the question.
Crowdfunding Bootstrapping Angel investor
A very wealthy person Small amounts of Using personal savings,
who gives money to a money from lots of money borrowed from
founder to start a different people. friends and family or an
successful business. income to start a
business.
How would you raise capital if Reveal Answer
you were a founder?
Founder
Match the phrases to the correct meaning and answer the question.
Thought leader Inspirational Resilient
To try and be Make other people feel Someone who uses
successful again after full of passion to create their experience and
something bad or become successful. expertises to share new
happens. ideas.
i.e. a big failure or loss.
Which characteristic do you Reveal Answer
think is the most important?
Team
Match the phrases to the correct meaning and answer the question.
Sweat equity Co-working space Diverse
Have different skills, Working on a project Places and office
backgrounds and for no fixed income or environments that
experience. salary. encourage community
and collaborative
thinking.
Do you like to work alone or be Reveal Answer
part of a team? Why?
Idea
Match the phrases to the correct meaning and answer the question.
Customer-centric Pivot Disruptive technology Growth-hacking
Using a blend of An innovative idea or Completely To understand and
low cost marketing innovation that change the have a strong focus
strategies to attract changes the way business to suit on customer needs.
new customers. customer’s do customer needs.
something.
i.e. calling a taxi vs
hailing an e-ride.
Can you think of any startups that have used these Reveal Answer
strategies to build a successful startup?
Discussion questions
Do you think that using ‘out of the box thinking’ makes a startup successful?
Why/Why not?
Who do you think is the most inspirational founder? Why?
Do you think it’s a good idea to work for a startup for no money but for investor
shares? Why/why not?
Why do you think it’s important for a founder to have an original idea that is
customer focused?
