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It eventually leads to a businessmodel that can be used to build a sustainable venture. Once we learn what our businessmodel needs to be, we can begin the second phase, which includes attracting more and more customers and building a company. Tinker with the businessmodel until you're ready to scale up the venture.
There is an inherent conflict in a consultant’s businessmodel and the needs of a startup. Given all the demands on your time, the hours spent educating a consultant regarding your business are costly. Yet, it does nothing to help you execute your businessmodel. IP) is an ugly thing at a startup.
It can lead to demand that far exceeds your ability to deliver in terms of quantity and quality. 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.
So they are trying a new businessmodel that is based on more of a shotgun approach to venture funding. We have a new seed fund here in Nashville called JumpStart Foundry. We are hosting the meetings of this group at Belmont University. JunpStart Foundry is seeing a variety of deals. Relax, Paul. It will be OK.
We will invest heavily in R & D and aggressively penetrate emerging markets where our service is in demand. Capitalism works in the music business. Boutique companies are winning in the music business right now — we are seeing David beat Goliath on a regular occasion. 13- More productivity. 19- Customer service.
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