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Test Your Business Model Against These 10 Elements

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There are no “overrides” – for example, businesses don’t thrive just because they offer the latest technology, or because everyone wants to be “green,” or because their goal is to reduce world hunger. 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. This whole process is particularly worrisome to many startup founders, since their expertise and background more likely technology than sales. Invested Interests business model entrepreneur startup'

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Entrepreneurs Need To Keep Their Business Focused

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Unfocused entrepreneurs boast that their new technology will generate multiple disruptive products for consumers as well as enterprises around the world. Other elements of startup focus are a bit fuzzier, so let me zoom-in on some key ones here: Type of business model. Zappos logo via Flickr by Ben Spark.

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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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Forget Presidential Politics: Here’s How We Create Jobs — And How You Can Help

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As a business lawyer working with startups in technology and digital media every day, I’m fortunate to have a front-row seat as entrepreneurs create value out of thin air. Most of the technology industry is notoriously apolitical. Intellectual Property.

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Intellectual Property for Startups in the Real World

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What is the risk-benefit calculus for developing and protecting proprietary technologies vs. buying or licensing them (“ build vs. buy ”)? How much risk do IP issues in the aggregate pose to our business ? Is there anything we can do about it? How much is it worth investing in international IP protection, if at all?

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Pick The Entrepreneur Lifestyle Alternative For You

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In deciding which of these startup models is right for you, the best place to begin is to ask yourself why you want to own a business rather than be an employee: You have the technology to change the world. Of course, you get the challenge of filing patents, developing a product, and defining the revenue model.