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One of the critical differences is that while existing companies execute a business model, start-ups look for one. This distinction is at the heart of the lean
by pdevr 13y ago
One of the critical differences is that while existing companies execute a business model, start-ups look for one. This distinction is at the heart of the lean start-up approach. It shapes the lean definition of a start-up: a temporary organization designed to search for a repeatable and scalable business model.
Isn't this equally applicable to individuals as well, with certain modifications?
You can act like a start-up organization, searching for repeatable and scalable business models. You can switch from one start-up idea to another, all the while trying to find a profitable business to create and run.