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Business Model Demands Patience

The Entrepreneurial Mind

It eventually leads to a business model that can be used to build a sustainable venture. Once we learn what our business model needs to be, we can begin the second phase, which includes attracting more and more customers and building a company. Tinker with the business model until you're ready to scale up the venture.

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Engage with Customers to Shape Business Model

The Entrepreneurial Mind

Use real customers to test the assumptions of your business model. Sierra Jacobson, an alumna of Belmont University's entrepreneurship program, launched her fashion business, Sierra Jacobson LLC, shortly after graduation. Her original business model was to have fashion consultation as her main activity.

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Bringing Values into Vision

The Entrepreneurial Mind

Many entrepreneurs talk about integrating their values into the vision for a new business. But some take it one step further and actually build a business model based on their values. is a Nashville-based startup that is integrating the founders' commitment to the environment and the community into the mission of their company.

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Live From the Startup Bus – Snufulupugus Pivot (Post #2)

Up and Running

Change business models on the fly. Originally we were supposed to go to Nashville, then Shreveport, LA. That’s what we call a pivot , start-up fanatics. You take one idea, run with it, and if it’s not going well then “pivot” in another direction. Easiest thing ever … not. More on him another time.

Chicago 75
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18 Entrepreneurs Explain Why They Started Their Business

Hearpreneur

Now, we can share our proven business model with people everywhere. I became a business owner because I could. 21 years ago, I ventured into the music business launching a public relations and marketing firm — Webster Public Relations. I just wanted to simplify everything. Our focus has never changed.

San Diego 112
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Avoid the Backward Start-up

The Entrepreneurial Mind

The problem is that many of these entrepreneurs have gotten the design of their business models backwards. That is what has led to the success of the Nashville-based app company Aloompa. I know they are starting down the right path to develop a business model that has a good chance of success.

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When Lightening Strikes

The Entrepreneurial Mind

Or it can fundamentally change your business in ways you never planned for. One local coffee shop here it Nashville has had the opportunity to scale up in a big way through franchising. Think hard to be certain that the break will allow you to scale the model and pursue the vision that you already had in mind.