How to Build a Business Model for a Startup Company

COURSE
GO1 Content

How to Build a Business Model for a Startup Company

COURSE
GO1 Content

The failure rate for startups is extremely high; by some estimates, 80% to 90% of all startups end up closing their doors. One of the ways you can increase the probability of your startup succeeding is to develop a business model at the outset, before writing a business plan. This course will teach you how to build a business model for your startup, why you need to develop one before writing a business plan, and how to build and develop a strong customer base.

Learning
Building and Using a Business Model to Grow a Startup Company
Good business models align with the company’s goals, are self-reinforcing, and, above all, they search; they do not execute. Note that business models are not the same as business plans. This module will show you the difference between a business model and a business plan. Watch the video and read the article before proceeding to the quiz.
1. Video: Steve Blank: How to Build a Great Company, Step by Stepvideo
2. Article: Validate Your Business Model (Parts I & II)resource
3. Quiz: Test Yourselfquiz