Common Examples of a model Quest:
Columbus’ Voyage
Your Venture
“The Wizard of Oz”
“Lord of the Rings”
“Ocean’s Eleven” (The 2nd Version with Clooney and Pitt)
Typical Stages of the Entrepreneurial Quest
1. Realization: The Entrepreneur sets an Audacious Goal
2. Verification: Trusted Advisors Affirm the Idea
3. Plan 1.0: Your First Plan About How to Go from where you Start to your End Goal
4. Initial Funding
5. Core Team Building: This is the group that begins the Journey with you. They may include some trusted advisors; the group usually includes some individuals of unusual capability and unique talents.
6. Plan 2.0: This is the new plan that reflects the reality of the human capital you have assembled and the financial capital (and its source) you have raised.
7. Refinement and Experiment. Preparation and Testing. This is the period where you test out your ideas and assumptions. Market feedback, technology trials, it does not matter, but you develop a clearer idea of what is required to achieve your goals and what tactics and strategies will work.
8. Plan 3.0
9. The Wheel (Execution, Execution, Execution and Adjustments) A continuous process of improvement in the following
10. Team Building
11. Product Development Process and The First Product
12. Customer Acquisition Process and Reference Customers
13. Product Deployment Process and Scaling the Business
14. Supply Chain and the Flow of Goods
15. Command and Control Process
16. Managing Growth
17. When to Finish or The Exit
Amazing 17 obvious stages!
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