Entrepreneurs Need to Know Their Markets

We're counting down towards the February 5, 2010 deadline for submitting an Intent to Compete form to the  VT KnowledgeWorks Second Annual Entrepreneurship Summit Business Concept Competitions – one for students, one open - by featuring a video a day on entrepreneurship by Jim Flowers, executive director of VT KnowledgeWorks.

Flowers has a series of videos on what he terms the Four Fundamental Factors of entrepreneurship.  As he explains in his blog, So you want to launch a business…, "Success or failure of a new venture is determined very early on the strength or weakness of only a few fundamental factors, four, to be exact."

Here's one of the Four Fundamental Factors from Jim Flowers – Market.

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VT KnowledgeWorks, a regional business acceleration center that helps companies bring ideas to market, will present the Second Annual Entrepreneurship Summit on April 7-8, 2010 at the Inn at Virginia Tech & Skelton Conference Center in Blacksburg, Virginia. This two-day comprehensive workshop is for prospective company founders, entrepreneurs launching or re-vamping a business, growing companies seeking expansion capital, and individuals interested in investing in early-stage companies.

Here are step-by-step instructions for applying for the Open Business Concept Competition and step-by-step instructions for applying for Student Business Concept Competition.

Here's more about VT KnowledgeWorks on Handshake 2.0 and here's the VT KnowledgeWorks blog, Inside VT KnowledgeWorks.

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VT KnowledgeWorks is a client of Handshake Media, Incorporated, the parent company of Handshake 2.0.

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