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Translate Your Idea into a Compelling Business Model

Gust

A business model is the idea that underlies a successful business. It describes how the business creates value for customers, delivers that value to them, and captures a portion of the value for its owners. The post Translate Your Idea into a Compelling Business Model appeared first on Gust.

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Test Your Business Model Against These 10 Elements

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I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. The most common failures are solutions looking for a problem, lack of a defined market, or an inadequate revenue model.

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A Valid Business Model Requires Real Customer Sales

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The real milestone, proving the business model, is that first product sold for full price to a total stranger, leaving him happy. What you really want is a successful business and all your customers to be happy puppies. Invested Interests business model entrepreneur startup'

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How to raise an angel round in 10 simple steps

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You should know EVERYTHING about your business, product, customers and competition. You should have a crystal clear understanding of your business model and your financials. You should know every metric regarding customer acquisition, conversion and retention.

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Entrepreneurs Need To Keep Their Business Focused

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Other elements of startup focus are a bit fuzzier, so let me zoom-in on some key ones here: Type of business model. Providing shoes for the poor is a laudable goal, but quite a different business than Zappos , which sells clothes profitably, and provides free shoes for the needy due to social consciousness.

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Don’t Let Investors Conclude Your Startup Is A Hobby

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Write down the key elements of your business plan very early, and keep it current as things evolve. This will include the first version of many critical processes that can be split out later, including market opportunity, requirements, product definition, business model, sales process, and organization.

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Startup Due Diligence Is Not a Mysterious Black Art

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For no good reason, this process seems shrouded in mystery, when in fact it is nothing more than a final integrity check on all aspects of your business model, team, product, customers, and plan. This is the dreaded “due diligence” process.