Entrepreneurs, Stop Building And Chasing Weak Business Models. Do This Instead

No one pays you for a business model. Test your product or services benefits with early customers willing to pay and adjust accordingly on the customer feedback. Plus you will keep your valuable equity for when you might really need it.

Don’t waste early time and effort building out a company with an expensive website, an office space, a cool t-shirt and a host of other unnecessary things. Work out of home, a co-working space or a friend’s office and focus all your energy on building out the product or service. Test that with paying customers. Remember, no matter how cool your brand is, your mission or how far out your business plan goes, you’re not an entrepreneur until someone pays you money for something you’ve sold them.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Silicon Valley Bank collapse renews calls to address disparities impacting entrepreneurs of color | CNN BusinessSVB had a reputation for servicing people from underrepresented communities. Its failure has reignited concerns from industry experts about lending discrimination in the banking industry and the resulting disparities in capital for people of color. My god…. Clean with confidence using our smart visual ear cleaners, designed to help you maintain healthy ears with ease. Order from Amazon:⬇️ Order from AliExpress: Engeland needs to be very cautious indoors for 5 years
Source: cnni - 🏆 326. / 59 Read more »

UH-Clear Lake Pearland students will pitch business ideas live, 'Shark Tank'-style to win fundingA handful of would-be student entrepreneurs will try to stay cool under pressure April 27...
Source: HoustonChron - 🏆 609. / 51 Read more »