Challenge:

As a part of a college project I had to prepare the complete business model and plan for a company I  envisioned. I decided to choose to start a company (hypothetically) which helped children with their  careers and college education. As a child I felt very lost and felt like I didn’t have enough while  making a choice of college and streams and therefore decided this was going to be my central idea.  There were a lot of tasks to be accomplished and a lot of things to be considered for this endeavor  and I decided to organize all this in a mind map

Selection:

I decided to use a mind map to help organize my thoughts.

A mind map is a diagram used to visually organize information. It is hierarchical and shows  relationships among pieces of the whole and is often created around a single concept, drawn as an  image in the center of a blank page, to which associated representations of ideas such as images,  words and parts of words are added. Major ideas are connected directly to the central concept, and  other ideas branch out from those major ideas.

I decided to use a mind map because it is effective in organizing ones thoughts.

Application

I made a mind map asking the different questions I needed to answer and possible solutions to those  questions as shown below before I finalised on anything.

Insight

The mind map helped me make decisions about my project as well as organize my report well. After  diligent research I decided to

•  Adopt a parternship as a legal structure

•  Look for angel investors

•  Plan my start up costs

•  Plan the number of employees

•  Make a website

•  Plan a complete cost sheet

Approach

the tool was very effective and helped me not only organize my thoughts but also was a kind of  checklist for what I had to do. In the future I would use the mind map only but with certain  modifications such as using colours so that it’s better segregated and pictures so that it’s more  visually descriptive


Challenge : As a part of a college project I had to prepare the complete business model and plan for a company I envisioned . I decided to choose to start a company ( hypothetically ) which helped children with their careers and college education . As a child I felt very lost and felt like I did n’t have enough while making a choice of college and streams and therefore decided this was going to be my central idea . There were a lot of tasks to be accomplished and a lot of things to be considered for this endeavor and I decided to organize all this in a mind map Selection : I decided to use a mind map to help organize my thoughts . A mind map is a diagram used to visually organize information . It is hierarchical and shows relationships among pieces of the whole and is often created around a single concept , drawn as an image in the center of a blank page , to which associated representations of ideas such as images , words and parts of words are added . Major ideas are connected directly to the central concept , and other ideas branch out from those major ideas . I decided to use a mind map because it is effective in organizing ones thoughts . Application I made a mind map asking the different questions I needed to answer and possible solutions to those questions as shown below before I finalised on anything . Insight The mind map helped me make decisions about my project as well as organize my report well . After diligent research I decided to • Adopt a parternship as a legal structure • Look for angel investors • Plan my start up costs • Plan the number of employees • Make a website • Plan a complete cost sheet Approach the tool was very effective and helped me not only organize my thoughts but also was a kind of checklist for what I had to do . In the future I would use the mind map only but with certain modifications such as using colours so that it ’s better segregated and pictures so that it ’s more visually descriptive