The Startup Tribe – Learn By Doing
Theme #6 – Business Models
How do I develop a robust business model?
In this phase of your Startup Journey you will:
Explore different business models and revenue streams.
Identify the strengths and weaknesses of your execution plan.
Conduct a commercial sanity test on your proposed execution plan.
Write a one-page summary business plan / proposition.
You don’t need to invent a new business model. You simply need a logical path to commercial viability based on what your target demographic is likely to pay for. You want to obsess about reaching, acquiring and keeping customers – the closer you are to your customers, the clearer you’ll get on the right monetisation strategy for your business.