Creating Amazing Things: Your Value Creation Adventure

Business Course for Kids / Value Creation

Congratulations! You’ve learned so much about creating value. Let’s take a fun trip down memory lane and remember all the cool things we’ve discovered together.

What is Value Creation?

Remember, creating value is all about making something that people want or need. It’s like being a superhero who solves problems and makes people’s lives better!

The Six Super Ways to Create Value

Make a Product: Creating cool things people can buy and use.
Offer a Service: Helping people by doing something for them.
Share a Resource: Letting others use something special you have.
Create a Subscription: Giving people something awesome again and again.
Resell Things: Buying things and selling them to others who want them.
Rent Things Out: Letting people use your stuff for a little while.

Important Ideas We Learned

Status Seeking: People sometimes want things that make them feel special or important.
Making Life Easier: Solving problems for others can be a great way to create value.
Is It Worth It?: Understanding what people value helps you create things they really want.
Mix and Match: Combining different ways of creating value can make your idea even cooler!
Putting Together and Breaking Apart: Sometimes bundling things together is great, and sometimes letting people choose exactly what they want works better.
Economic Values: Remember those special ingredients that make people choose things? (Like how well it works, how it looks, and how it makes them feel)
Prototypes: Making a simple version of your idea to test if people like it.
The WIGWAM Way: Watch, Ideate, Guess, Which, Act, Measure – a fun way to keep making things better!
Feedback: Listening to what people think about your creation and using their ideas to make it even better.
Trade-offs: Understanding that sometimes you have to choose between different good things because you can’t have everything at once.
Minimum Viable Offer (MVO): Starting with the simplest version of your idea that still works.

Putting It All Together

Creating value is like going on an exciting adventure. Here’s how you might use all these ideas together:

Think of a problem you want to solve or something cool you want to create.
Choose one (or more!) of the six super ways to create value.
Make a simple prototype or MVO to test your idea.
Use the WIGWAM way to keep improving your creation.
Listen to feedback and make trade-offs to make your offering even better.
Think about the economic values and how you can make your creation really appeal to people.

Remember, the goal is to create something that people really want or need. It might take a few tries to get it just right, but that’s all part of the fun!

Your Value Creation Toolkit

Now you have a whole toolkit of awesome ideas to help you create value:

Six super ways to create value
Understanding what people want (status, ease, economic values)
Methods to test and improve your ideas (prototypes, WIGWAM, feedback)
Smart thinking tools (mix and match, trade-offs, MVO)

Your Turn to Be Amazing!

What problem would you like to solve?
Which of the six ways to create value might work best for your idea?
How could you use the WIGWAM way to make your idea even better?

Remember, every great business started with someone like you having an idea and working to make it real. You have the power to create amazing value in the world. So dream big, start small, and keep improving!

Congratulations on completing your value creation adventure. Now go out there and create something awesome!

Song: Make It Matter

Lyrics

Let’s come together now, under the sun
Creating something new, for everyone

I wake up with the morning light
Got my mind on how to make things right
Not just for me but for all of us
Building a world on love and trust

Six different ways to make a change
From products made to skills exchanged
Sharing what you’ve got, month after month
Creating waves from a single drop

It’s not about what you can take
It’s all about what you can make
When people smile because of you
That’s how you know your dreams come true

Make it matter, make it real
Solve a problem people feel
Make it matter, shine your light
Turn someone’s day from dark to bright

Make it matter, raise your voice
Give the people better choice
Make it matter, that’s the way
To change the world a little each day

Watch what people need, get your ideas flowing
Guess which ones might work, that’s how you keep growing
Try it out in the real world, see what you discover Listen to feedback, make it even better

Some want status, some need ease
Some just want their minds at peace
Find the value that you bring
That’s what makes your offering sing

Sometimes you bundle, sometimes you break apart Sometimes you start small with just a tiny part
But every time you listen, every time you learn
That’s how the wheel of progress starts to turn

You’ve got the power to create
To innovate and elevate
Don’t wait for someone else to do
What’s burning in the heart of you

Make it matter, make it real
Solve a problem people feel
Make it matter, shine your light
Turn someone’s day from dark to bright

Make it matter, raise your voice
Give the people better choice
Make it matter, that’s the way
To change the world a little each day

What’s your solution? (Make it matter!)
How will you help? (Make it matter!)
Who will you serve? (Make it matter!)
How will you grow? (Make it matter!)

So dream your dreams and plant your seeds
Find the gap between wants and needs
Test your ideas, don’t be afraid
That’s how the future gets made

Mix and match those different ways
Make lives better, brighter days
The world is waiting for your gift
Your small change might cause a shift

Make it matter, make it real
Make it matter, that’s the deal
Make it matter, shine your light
Make it matter… alright!

Business Course for Kids / Value Creation