Gust

NOVEMBER 8, 2022

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.

Business Model 91

Business Model Green Revenue Operations 91

Gust

JANUARY 5, 2014

The real milestone, proving the business model, is that first product sold for full price to a total stranger, leaving him happy. Your revenue model has to make sense. Many of the Internet business plans I see these days say the service is free, and revenue will come later from a huge user base.

Business Model 171

Business Model Sales Customer Distribution 171

Gust

AUGUST 24, 2014

The implications of the decision you make are huge, defining your brand image, your funding requirements, and your long-term business viability. The revenue model you select is basically the implementation of your business strategy, and the key to attaining your financial objectives.

Revenue 184

Revenue Startup Retention Internet 184

Gust

APRIL 27, 2014

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.

Startup 187

Startup Institutional Investors Angel Investor Bootstrapping 187

Gust

AUGUST 17, 2014

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.

Entrepreneur 182

Entrepreneur Technical Review Angel Investor China 182

Gust

FEBRUARY 9, 2014

Of course, you get the challenge of filing patents, developing a product, and defining the revenue model. With an existing business, MLM, or franchise, the technology and process are already set. Whichever business model you pick, you need to make a serious commitment to the effort, or you will likely fail.

Entrepreneur 172

Entrepreneur Business Model Government Employee 172

Gust

AUGUST 5, 2012

Clearly define the customer, channel, and revenue model associated with this solution. Explain the business model. In this section, you need to be passionate about revenue, profit, and volume growth. Project both revenues and expense totals for next five years, and past three years, if relevant.

Business Plan 182

Business Plan Sweat Equity Exit Strategy Intellectual Property 182