Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). Proving the business model requires a different approach than proving the technical concept. So how do you go about proving the business model? Prove the technical concept. MORE >>

In previous posts I’ve talked about what the combination of Business Model Design, Customer Development and Agile Methodologies mean to startups and intrapreneurs in large companies; it’s the beginning of entrepreneurship as a science with its own rules and methodologies. link]. Teaching In the Big Apple. link]. MORE >>

In fact, 3 of the 10 selected companies from the past two years has followed this business model. If there's a business plan less likely to succeed than a restaurant , this has to be it. Clearly the value of a marketplace increases as it grows — both as a business and to the buyers and sellers. marketplace is born. MORE >>

When launching a new business, relying too heavily on the details of your business plan can actually lead to failure. Entrepreneurs need to spend much less time at their computer imagining their new business and more time out engaging with real, live customers. Use real customers to test the assumptions of your business model. MORE >>

Author and entrepreneur Steve Blank describes the business start-up process as having two phases. It eventually leads to a business model that can be used to build a sustainable venture. Nashville-based Aloompa is a great example of a business that's taking its time to get things right. Be patient. MORE >>