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Change businessmodels on the fly. Originally we were supposed to go to Nashville, then Shreveport, LA. Before we left Chicago, I emailed the grandaddy of the Lean Startup movement , Eric Reis , for some ultra lean skinny tips. That’s what we call a pivot , start-up fanatics. Easiest thing ever … not.
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.
I received a very timely e-mail this morning from a Belmont alum, who is trying to start a business here in Nashville. Revenues are the best source of financing we can ever hope for during lean times. Growth takes time with this approach to building a business. She wanted advice on where to find money.
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