Business Models and Strategies
A business model explains the type of customer problem that your business will help solve, why your solution is superior to that of your competitors, and how much money your company will be able to make from this venture.
What is a business model?
It can give companies a competitive edge. It shows potential clients, partners, and investors that the company can operate with integrity and professionalism
Why is legal compliance important for startups?
A venture capitalist necessary for a start-up.
What is a myth?
An organization that offers short-term programs with resources and funding that can help someone’s business grow quickly.
What is an accelerator?
A characteristic that is a necessity for leaders.
What is Creativity?
Technology based, business to business(B2B), business to consumer(B2C)
Type of typical business models?
Conduct legal audits, consult legal professionals, implement compliance training,review contracts and agreement, and stay updated on financial regulations
What are the steps to ensure compliance?
You be true and authentic with your consumers.
What is a truth?
The term for how quickly you spend your money compared to your capital.
What is burn rate?
What leaders need to use in order get across to a team and/or organization.
What is communication?
Technology start-ups concentrate on creating a novel good or service with the intention of upending an established market. Technology start-ups these days are concentrating more on innovation, scalability, and expansion because technology is in high demand.
What are technology based start ups?
It's a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities.
What is limited liability company (LLC)
You should trust your data and advisors.
What is a truth?
The name for a start-up that raises 1 billion in a single round of funding.
What is a dragon?
How leaders give their peers motivation and a sense of urgency when needed.
How do you provide a purpose?
Lower cost in short term, 24/7 shop and searchability, sharing information directly with customers
What are the advantages of the B2C model?
An automated system that can track and monitor compliance. Cloud based also provide secure data storage and access
What technology solutions can help startups comply with regulations?
Marketing will solve all growth concerns.
What is a myth?
Refers to a focused strategy using low-cost methods to quickly grow a company.
What is growth hacking?
What leaders need to provide in order to provide a good work environment to their peers.
What is a postive, clear working environment?
Largely birthed out of customer’s need for instant gratification or answer. For example, Airbnb, Trivago, Uber etc.
What is an on-demand business model?
Both are allowed to pass through their profits, along with the responsibility for paying taxes on them
What’s the similarity between a partnership and LLC?
You need to have a flawless product before launch.
what is a myth
Occurs when a startup makes a quick, radical shift to its business model.
What is a pivot?
What leaders need to be able to use efficiently in order to maximize their work.
What is time management?