Workshop by Fred Krieger!
On 28th of September, Fred Kreiger led a workshop on business development. In his workshop, he mostly talked about Lean methodology which is a quite new way of leading a company. Lean’s main idea is that organization understands customer value and focuses its key processes to continuously increase it. The ultimate goal is to provide perfect value to the customer through a perfect value creation process that has zero waste.
Team Guide You Way member Jane said that the main thing they realized is to think through the details and the workshop made them set specific next steps.
Fred Krieger is the founder of Scoro which is an end-to-end work management solution. It allows professional and creative services to control their entire workflow from one place. Scoro helps to streamline work and eliminate routine tasks to ensure a business runs as smoothly and efficiently as possible – from sales right through to billing. In 2016 work management solution Scoro secured €1.7M in funding!
„Main thing Fred Krieger said is that you need to have a contact with your customer – you need to get their feedback. And this means a lot of talking with your (potential) customer,“ said Rihard from sParking.
„You can’t make a product to everyone. If you say to an investor that your idea is to everyone they don’t take you seriously!“ said Riin from team TIIU.
Fred brought forward that being an entrepreneurship is not an easy job. We all have choices either to start working a corporate job with a great salary, get a home loan, lease a car and then realize that you can’t quit your job („Golden handcuffs“) or persuade your own idea!
Renee from Bookly took the event together with Fred Krieger’s quote „Building up your own business is 10-20 times more difficult than a coporate job and it may take 7 years but at the end, it is worth it!“
Take Part in the Youth Business and Project Ideas Competition
We are inviting all student teams to participate in the pre-selection round of Kaleidoskoop, biggest business ideas competition in South Estonia. Registration is open until 9th of December at sTARTUp Lab’s webpage.
sTARTUp Lab’s Teams Were Spinning Around at the Mentor Feedback Carousel
On 24th of October sTARTUp Lab hosted a Mentor Feedback Carousel which brought together STARTER programme teams and experienced mentors to help teams develop their ideas. Teams rotated between mentors to get feedback to their ideas from different experts. By the end of the event, mentors invested virtual play money checks to the teams they liked the best.