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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. Even with the global reach of the Internet, selling your first product from your website will likely not be much of a business. Invested Interests business model entrepreneur startup'

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Sprint Like An Egyptian: A Tech Entrepreneurship Revolution in Alexandria

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One commonly used approach is to identify widely felt “pain points” in the target market; build a workable solution to address them using particularly effective or efficient means; and if the business model pencils out, work like crazy to execute, execute, execute. Silicon Arabia has engineers in Russia as well as Egypt.)

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Crowd-Funding Success Usually Brings New Challenges

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But from my perspective in really helping entrepreneurs, both fall short on several counts: Focus too much on the product, not enough on the business model. The key success factors of the business model (how a business survives and grows), management expertise, and financial projections will likely get overlooked.

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Intellectual Property for Startups in the Real World

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Most investors will assume that if the business plan is solid and a large market opportunity exists, there will be vigorous competition from other players. This leads to the next point about “ using or losing it ,” which can be a concern for some types of IP in some countries.

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10 Course Corrections Every Startup Should Memorize

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Pivots come in many different flavors, each designed to test the viability of a different hypothesis about the product, business model, and engine of growth. Picking the right model can dramatically affect the speed and profitability of growth. Channel pivot. Technology pivot.