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7 Ethical Fictions Lead Many New Entrepreneurs Astray

Startup Professionals Musings

New entrepreneurs tend to focus only on getting the product right, and assume that the right culture and ethics will come later simply by hiring good people. Building an ethical business is more than just compliance and meeting legal requirements, and it has big paybacks. Marty Zwilling.

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What Is a Business Model? Business Models Explained

Up and Running

Airbnb is a well-known example of the marketplace business model. Understanding the problem you are solving for your customers is undoubtedly the biggest challenge you’ll face when you’re starting a business. But, ensuring that your product fits the needs of the market is only one part of starting a successful business.

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9 Business Model Components For New Business Funding

Startup Professionals Musings

New entrepreneurs are always looking for a shortcut in getting their venture story and plan across to investors, and closing on the funding they need. An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008.

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10 Business Model Components Required In Every Plan

Startup Professionals Musings

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. Cost structure.

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5 Key Points Of Focus For Every Scalable New Venture

Startup Professionals Musings

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Nail the business model. Leverage your customer conversations to predict and validate your business model.

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Are You A Necessity Entrepreneur? Ask These 7 Questions

YoungUpstarts

You’ve come up with a brilliant business idea, and you’re ready to get started as a brand-new entrepreneur. Are you a Necessity Entrepreneur? Necessity Entrepreneurs Build Exceptional Businesses. But, just an importantly, they’re also in business to put food on the table for their families and employees.

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Why Startups are Agile and Opportunistic – Pivoting the Business Model

Steve Blank

He turned to the other VC’s and added, “That’s why we write the checks and entrepreneurs run the company.”. The Search for the Business Model. A startup is an organization formed to search for a repeatable and scalable business model. Pivoting the Business Model. Types of Pivots.