If You Do This One Thing Your Startup Business Model is Doomed to Succeed!
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Originally published: 20/03/2018 11:27
Publication number: ELQ-58491-1
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If You Do This One Thing Your Startup Business Model is Doomed to Succeed!

This post talks about the importance of startup business models and the steps you can take to ensure that yours succeeds

Description
Your business model for your startup has to work. If you ever want to make a profit, your model has to pass the narrative test and the numbers need to work out.

Do you want or need success? Are you working consistently but something's just not working? Do you get replies from investors but struggle to get past the meeting stage?

If you're saying yes to any of these questions, you should read this post. Obviously something important is missing, but you clearly don't know what that is.

This post talks about what that thing is so that you can ensure you're not wasting your time and you will actually make some serious money eventually!

This post is long and filled with a lot of info, but it's worth the time if you're willing to spend it and learn some valuable lessons.

It would be great if we could spend some time looking at how important startup business models are, and how innovation plus one other essential thing will be the difference between thrive and survive for your business. Why?

I've chatted to a tonne of founders that have ended up really digging into the foundations of their business (their business model) after a few minutes. Why is this? It's because nothing else is important. As well as this, in 99% of the cases, the essential foundations don't exist, and they haven't been properly thought about. So that's what the discussion ends up being.

That's pretty crazy.

You can do a million and one things, but if you're not doing the one right thing, then you're wasting precious energy and time to potentially (and likely) end up with nothing.

The great thing is that you can hugely increase your chances of success by just getting the fundamentals right and then putting in some hard work on top of that.

But be careful because this stuff is advanced and it's not easy, but there's no such thing as a stupid founder who hit the big time.

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