IDEA TO IMPACT
A 'hands-on' immersive entrepreneurial program designed for entrepreneurs serious about starting their business.
Building a business is challenging, with 50% of startups failing in the first year and 80% by year three. However, by following the Idea to Impact process, the odds of success are greatly improved. A critical part of the program is to “Get out of the building” and speak to real live customers through customer discovery. Participants must commit to conducting 30 customer discovery interviews, a key factor in scaling beyond early adopters.
Phase 1:
Set out the business using the Business Model Canvas. Identify and validate customer segments and value propositions through customer discovery. Potential pivots based on research outcomes to establish business viability. Progress to the building phase for viable ideas.
Phase 2:
Develop financial projections and investment requirements with the profit planner. Create a marketing plan, business plan, and pitch deck.
Phase 3:
Establish a roadmap to "Break Even" with a validated business model and product-market fit. Set a clear vision for the business and create a strategic implementation plan.
The Idea to Impact program (formerly ‘Lean Launch’) has been refined over 10 years, with 65% of participants still in business today. There are no miracles or quick wins; building a business requires persistence, hard work, and discipline.
DOWNLOAD THE PROGRAMME BROCHURE HERE
PLEASE NOTE - APPLICATIONS FOR THE AUTUMN 2025 PROGRAMME ARE NOW CLOSED.
If your business is interested in applying for the Idea to Impact programme, please contact info@leo.galwaycoco.ie or call (091) 509090.