Final NE PETS 2013 planning meeting in Framingham 02-23-2013
A year of planning for this years North East President Elect Training Seminar (PETS) is just about over as NE PETS is 2 weeks away (March 7-9th). A committee of about 40 people (consisting of District Governors, Elects, Nominees and Designees from the 8 districts plus 1/2 dozen others) have worked on the planning and organization of this event since last year.
We expect to have just about 600 attendees including; 460+ Incoming Club Presidents, 60+ Assistant Governors and 80 or so speakers, committee members and facilitators from the 8 districts.
The 2013 NE PETS (semi-final version) of the Program and Agenda is available by clicking here
The presentations were interesting and I learned some nuggets of information that I know before so it was worth the time even though there weren’t any teams that I would have invested in.
Teams are judged according to the following 3 criteria:
1. Business Model
a. Who is your customer?
b. What is your core value proposition?
c. What are your key activities?
d. What are your revenue streams?
e. What is your cost structure?
f. Who/what are your key partners/resources?
g. What are your distribution channels?
h. What is your roll-out strategy?
2. Customer Validation Have you taken the proper steps to ensure that the people who matter (your future customers) support and reinforce your assumptions? Think of Customer Validation as ‘evidence’ to back up the core structure of your ‘theory’ (your Business Model). The more feedback you gather (quantity), the more this feedback comes from your specific target market (quality), and the more you’re able to actually integrate this feedback into the Business Model and product development (execution), the better.
3. Execution The nitty gritty: what has your team been able to actually build over the weekend? Even the strongest of Business Plans are useless in the hands of those who can’t properly execute on them. Getting as far as possible in the development of your product/prototype not only helps give Judges a tangible vision of what the final product could be, but proves your strength and skills as a team. This is what truly matters: investors don’t invest as in ideas so much as teams.