One of the side-effects of some of the notoriety and sky-high valuations that big name startups like Twitter and Snapchat have generated in recent years is that many new entrepreneurs have begun to underestimate the importance of clearly defining a business model and knowing how you will monetize whatever product or service you offer. Their belief is that building a popular product or service and rapidly increasing their userbase will result in a quick and lucrative sale of their new business.
Startup Misconceptions: Defining a Business Model Isn't Important | CateCosta.com
Posted by CateCosta under StrategyFrom http://www.catecosta.com 3565 days ago
Made Hot by: AmyJordan on July 26, 2014 5:15 pm
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