2 ms·
> so many different things have to go right Summarized from site's figure, a viable business model also needs a market that is plausible, self-aware, lucrative
by turtleyacht 4y ago
> so many different things have to go right
Summarized from site's figure, a viable business model also needs a market that is plausible, self-aware, lucrative, liquid, eager, and--ultimately--enduring for a startup to be successful.
Plausible. Enough folks have the problem.
Self-aware. Know and care they have it.
Lucrative. Budget exists.
Liquid. Willing and able to buy today...
Eager. ... from you.
Enduring. Still your customer after 1 year
Author presents a flowchart, so the order may matter.