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7th Min

Experience the entire entrepreneurial journey in just 7 minutes through dynamic rounds that test and refine your business skills.

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Event Overview

Welcome to 7th Min! Get ready for an exhilarating entrepreneurial journey that will test and refine your business skills through seven dynamic rounds, each simulating real-world business scenarios. In just seven minutes, you will experience the entire process of building a business—from assessing your knowledge and brainstorming ideas to acquiring resources, marketing your product, and securing investments.

Dedicated volunteers will guide you through each stage, ensuring an engaging and seamless experience. Whether you secure investments or face challenges along the way, this experience will equip you with valuable insights into the real world of business. Are you ready to prove your entrepreneurial skills and take on this exciting challenge?

Challenge Rounds

Round 1: Knowledge Assessment

Objective: Test your entrepreneurial knowledge.

The challenge begins with a rapid-fire quiz to gauge your entrepreneurial knowledge. This quiz consists of three levels—easy, medium, and hard—covering essential business topics such as market strategies, financial management, investment principles, and startup dynamics. Your performance in this round determines your initial resources, influencing your ability to strategize effectively in the following stages.

Round 2: Brainstorming & Planning

Objective: Develop your business plan and strategy.

In the brainstorming session, you will develop your business plan. This includes deciding on the product or service you want to create, managing your allocated budget, analyzing different stall locations for purchasing materials, and evaluating business risks. This round is crucial as it lays the groundwork for your business strategy, helping you make informed decisions in subsequent rounds.

Round 3: Resource Hunt

Objective: Locate and research essential resources.

Dive into a thrilling treasure hunt to locate and research the essential resources needed to bring your business idea to life. In this round, you must identify suppliers, explore cost-effective alternatives, and adapt to market conditions. This stage mimics real-world entrepreneurial challenges, where resource constraints and market fluctuations influence decision-making.

Round 4: Buying & Negotiation

Objective: Acquire essential materials within budget.

With a limited budget, the buying round tests your ability to acquire essential materials while mastering negotiation, communication, and persuasion. You must bargain for the best prices, interact effectively with sellers, and use your pitching skills to secure valuable deals. Every purchase you make will impact your business's overall cost-effectiveness and profitability.

Round 5: Product Building

Objective: Transform resources into a functional product.

After securing your materials, you enter the building round, where you will transform your resources into a functional and innovative product. This stage requires you to create a unique, efficient, and feasible business offering that is accessible to a broad range of consumers. Your ability to develop a well-structured, scalable, and sustainable product will determine your success in the next stages.

Round 6: Advertisement

Objective: Craft an engaging promotional strategy.

Having a great product is not enough—you need to market it effectively. In the advertisement round, you will craft an engaging promotional strategy to target your ideal customers. This stage tests your creative thinking, problem-solving abilities, and ability to make your product appealing to different demographics. The goal is to generate interest, enhance brand visibility, and ensure your product reaches its potential buyers.

Round 7: Investment & Selling

Objective: Pitch your business and secure investments.

The final and most crucial stage is the investment and selling round, where you must pitch your business to potential investors and customers. Your ability to present your business persuasively, highlight its profit potential, and negotiate deals will determine your final success. Convincing investors to invest in your venture or generating sales through strategic marketing will ultimately showcase your entrepreneurial acumen.

Frequently Asked Questions

How does the 7-minute timeline work?
The event is designed to simulate a complete entrepreneurial journey in a compressed timeframe. Each round has a specific time allocation, and our experienced facilitators will guide you through the transitions. The fast-paced nature simulates the pressure of real-world business decisions.
Do I need prior business knowledge to participate?
No prior business knowledge is required! The event is designed to be accessible to participants of all backgrounds. The first round includes a knowledge assessment that helps determine your starting resources, but all participants will be able to complete the full experience regardless of their initial score.
Can I participate individually or do I need a team?
Teams of 2-4 members are recommended as they allow for collaborative decision-making and division of tasks.
What skills will I develop during the 7th Min challenge?
The 7th Min challenge helps develop strategic thinking, quick decision-making, resource management, negotiation skills, creativity, marketing strategy, and pitching abilities. You'll also gain insights into the complete business lifecycle in a condensed format.
Are there any prizes for top performers?
Yes! Top-performing individuals and teams will receive recognition certificates, trophies, and prizes. Beyond material rewards, all participants will gain valuable hands-on experience that enhances their understanding of business operations and entrepreneurship.

Ready to Take the 7-Minute Challenge?

Secure your spot in this fast-paced entrepreneurial simulation. Experience the thrill of building a business in just 7 minutes!

Register Now