Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). In other words, once they are convinced that the product works, they assume their price, sales channel, and marketing will bring in the customers. So how do you go about proving the business model? MORE >>

In my recent post on lessons learned launching a lean startup accelerator I made reference to another kind of hackathon — the Business Model Hackathon — as a tool we’ve used to vet entrepreneurs, find interesting people and learn. Brainstorm shifts in the target market / customer segment. Start with an idea. MORE >>

You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. support her assertion that a business model consists of at least the first seven of the following ten basic elements: Value proposition. MORE >>

Developing a sound business model is key to the successful launch of a business. But you should never assume the business modeling is finished once the business begins to grow. Keeping a business model current is critical for long-term success. What do they expect out of me as my customer? MORE >>

It’s the combination of Business Model Design and Customer Development. Business Model Design. Today every business organization from startup to large company uses the words “business model.”  More importantly they showed how any company’s business model could be defined in 9 boxes. MORE >>