Risky Business- Starting Your Own……
Most entrepreneurs start with hope and lots of energy. However, sometimes they underestimate the amount of time it will take to get the business profitable.
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Most entrepreneurs start with hope and lots of energy. However, sometimes they underestimate the amount of time it will take to get the business profitable.
A huge part of business planning is actually spent in research, testing and pivoting. One of the primary reasons for business planning is to prove the the model is financially viable. That work is not for the bank, it is for you. REMEMBER – You are your first investor. You are investing time, money, energy and passion. It is critical to ensure it is the right investment for you and your family.
The Business Model Canvas was created by Alex Osterwalt in his book “Business Model Generation.” He created it in response to “linear business planning” thinking.
