Masters of Entrepreneurship

Week 6 📆 

Welcome to the Masters of Entrepreneurship Podcast. A podcast following the progress of a group of students at Staffordshire University as they go through the new MSc in Entrepreneurship course. I’m Helen Ryles, I work in podcasting and I’m also a participant on the course. 

We started day 1 of week 6 with our accountability check ins and had a discussion in small groups about some origin stories of various startups that we had researched. We looked at the very beginnings of those companies and saw how big companies can start from very small first iterations. 

We looked at the concept of a Minimum Viable Product. Something that is a small scope project that brings your ideal customer's value and is designed to test an assumption and help you to learn more about your idea. 

We heard MVP stories from both James and George and we wrote out our own assumptions that we would need to test. Then we looked at what we could do to give us confidence in those assumptions and how we could validate them without spending any money. 

We then had an afternoon to create an MVP and we demod some of our live MVP examples and talked about what assumptions we were testing out. 

We ended the week with some celebrations of our recent wins and appreciation of others within the group for their support and efforts to help others. 

We ended both days this week with a 30 minute writing retreat to allow us time to write up our learnings from each day, which would go towards our learning log.

Join me next time for week 7 of The Masters of Entrepreneurship Podcast.