Ice Breaker Game for Entrepreneurs

Understanding your products or services helps customers see their value.

Market potential analysis ignores competition and focuses solely on pricing.

A marketing strategy is only about identifying the target market and does not require a consistent message.

Knowing your competitors helps in developing better strategies for your own business.

It is important for entrepreneurs to remain complacent with their past achievements.

Clapping is heard when the game calls out the word 'Boom'.

Market potential analysis can help in making informed decisions about where to invest money.

Knowing the pricing structure of a product is irrelevant in understanding its value.

Ice Breaker Game Mechanics

Four members place candy on your table as part of the game.
Participants face their opponents and adopt a confident stance.
Actions based on specific terms:
- Clap when prompted with "Clap"
- Gently slam the table when prompted with "Boom"
- Quickly grab the candy when prompted with "Candy"

Consideration in Entrepreneurship

Consider implies careful thinking before decisions or actions.

Five Factors for New Entrepreneurs

Know Your Products or Services
- Deep understanding of products/services creates value.
- Helps customers identify unique benefits and differentiators.
- Requires knowledge of product functionality and pricing.
Analyze the Market Potential
- Focuses on identifying lucrative selling opportunities.
- Involves studying market trends and customer needs.
- Critical for informed decision-making on investments.
Marketing Strategy
- A structured plan for promoting products or services.
- Identifies target market and effective channels for outreach.
- Aims to create a consistent, engaging message for customers.
Know the Competitors
- Essential to understand competitors’ strengths and weaknesses.
- Enables strategic planning and capitalizing on market gaps.
- Encourages innovation for enhancing quality and customer loyalty.
Do Not Set on Your Laurels
- Avoid complacency after past successes; the business landscape changes.
- Continuous analysis and effort for growth are vital for sustainability.

Engage in a fun ice breaker game designed for new entrepreneurs. Participants will respond to keywords with interactive actions while considering the essential factors for starting a business. Get ready for an energizing start to your entrepreneurial journey!