IFED A-Z Pipeline for Startups

International Federation for Economic Development

Back to Build — It's Time to Turn Vision into Reality
Navigate through the chapters and tasks to build your startup

Write Your Vision

Find your personal IKIGAI: Discover your life's purpose by exploring the intersections of four key elements: Passion, Mission, Profession, and Vocation. Complete the following sections to identify your IKIGAI:

Identify and Address Your Core Fears: Recognize and confront your core fears to overcome obstacles in your entrepreneurial journey.

Identify Your Inspirational Sources: Brainstorm different ideas and potential business areas to find your inspiration.

Define Your Core Concepts: Dive deep into the fundamental concepts of Health, Beauty, and Love to identify potential business opportunities and target markets.

Brainstorm Your Vision: Answer key questions to develop a clear and compelling vision for your startup.

Organize your first brainstorming: Invite potential customers and industry experts to a meeting to jointly develop initial ideas for your business concept.

Conduct a SWOT analysis: Evaluate strengths, weaknesses, opportunities, and threats of your business idea to better understand the market and competitive landscape.

Create Business Model Canvas: Outline the structure of your business using the Business Model Canvas method and define key components such as value propositions, customer segments, and revenue streams.

Design Surveys and Interviews: Design and conduct surveys and interview potential customers to gain insights into their needs and preferences.

Conduct Competitive Analysis: Visit competitor locations and analyze their business practices to identify strengths and weaknesses that can influence your strategic planning.