I spent last week in Chisinau for two trainings and a conference. I presented to the PCVs who just began their service on different opportunities to educate youth in Moldova about business. Tuesday and Wednesday, I assisted my fellow PCV, Matt, in a training on the Lean Canvas Model and Lean Start-up methodologies. On Tuesday, we trained Year 1 PCVs in the Small Enterprise Development (SED) Program. On Wednesday, we trained both the leaders of Junior Achievement Moldova and of the IATA Program from Winrock International. Talk about three days of getting work done! I think and hope they were a very productive three days.
Speaking of the Lean Start-Up methodology, why are we putting such an emphasis on this, you might ask? This up and coming new concept is changing the way that entrepreneurs of any size approach starting a business. We see many practical applications even here in small town Moldova!
"It's a methodology called the "lean start-up," and it favors experimentation over elaborate planning, customer feedback over intuition, and iterative design over traditional "big design up front" development." -Steve BlankPlease continue reading the article here from the Harvard Business Review for a succinct explanation of the idea, versus the conventional business plan idea. My personal observation tells me that many businesses fail in Moldova (as they do everywhere), because they did not find the root cause of the problem their business is trying to solve for customers and thus did not add value to the customer (who pays for something of little worth?). Business owner forgot or ignored communicating with their customers in the first place, and in turn invested way too much money to build a business that was doomed for failure.
The Lean Start-up methodology is something we see as offering a clear picture of how to create a model of business that can work, even in Moldova. How do we plan to impress these ideas on those who will soon be the next generation of entrepeneurs in Moldova? I've mentioned this before, but I will mention it again (because it's too important and exciting not to!). GLOW/TOBE, in collaboration with Junior Achievement Moldova, is organizing an Innovation Weekend on November 23-24 which will be the highlight event for Global Entrepeneurship Week Moldova.
We're still in need of financial support, and I'm charging you, faithful reader, to help garner funding in the next 25 days! Please utilize the donation page (link to donate on the right). I am open to your suggestions as well, as to what information I could provide that may help make you better informed about my work here or specifically Innovation Weekend.
Training with the Junior Achievement Moldova and IATA Winrock program staff, plus a few volunteers from each organization.
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