Vivek Wadwha put a post up on Techcrunch over the weekend title What Excatly is a Business Model? To my mind he didn’t really answer that question (I was expecting a piece about different ways of organising revenues and costs to make a profit) but he does list out seven requirements for a successful business. It is worth every entrepreneur and investor going through this list and making sure they know how they will deliver on each of these points, and the value in frameworks like this is that they throw the spotlight on areas that might have been forgotten. Note that I’m not saying this is an exhaustive list of things that a business needs to think about. That will vary by sector and is difficult to generalise. Rather I think it is helpful to collect a number of frameworks like this and revisit them periodically as sense checks on a business.
To read the full, original article click on this link: Seven requirements for a successful business « The Equity Kicker
Author: Nic Brisbourne
