Entrepreneurial Digital Business Venture

This refers to a new business initiative or startup that leverages digital technologies to create, deliver, and capture value in innovative ways, that are typically driven by entrepreneurial individuals or teams who identify opportunities in the digital landscape and develop solutions that address market needs or solve problems using technology.

Why you need Entrepreneurial Digital Business Venture

Entrepreneurial digital business ventures are essential for driving innovation, meeting evolving customer needs, and fostering economic growth in the digital age. They create scalable solutions, transform traditional industries, and open new markets by leveraging technology. The ventures promote sustainability, resilience, and inclusion by addressing global challenges and providing access to underserved populations. Additionally, they play a vital role in enabling digital transformation, empowering individuals and communities, and building collaborative ecosystems that fuel progress and societal advancement.

The Scopes of Entrepreneurial
Digital Business Venture

No

Design Thinking

Digital Platform

Phases

Actions

1

Understand

• Decide your ecosystem and      which personas

• Focus on User Experience        Research, Survey, Interview

Empatize

Conduct research to develop an understanding of your target users

1.1.1 Ecosystem, 1.2 Empathy Map, 1.2.1 Persona, 1.2.2 Customer New Journeys

Define

Combine all your research and observe where your users problems exist

2.1 Customer’s Pain Points Digitization, 2.2 Point of View, 2.3 Indicative Product Roadmap

2

Explore

Define Your Story Board

Ideate

 

Generate a range of crazy and creative ideas

3. Wire Frame

Prototype

Build real, tactile representations for a range of your ideas

4. Product Mockup

3

 Materialize

• Build prototype bases on feedback

• Grow Tractions

Test

Return to your users for feedback

5.     Most Viable Prototype (MVP)

Implement

Put the vision into effect

6.1 Tractions ( Fly Wheel)

6.2 Business Model

6.3 Competitive Landscape

6.4 Go to Market

Launch

Verify Product – Market Fit

7 Dashboard