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Archive for “Define Your Business Model”

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False Perceptions – A Destructive Force

Strategic plans built on faulty beliefs are sure to fail. Change can occur quickly and the average lifespan of a business model may only be a few years before modifications or a complete restructuring is required. With that said, change does not occur unnoticed overnight — subtle clues (that are easily recognizable in hindsight) can [...]

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Where Did My Business Model Go?

In 1942 Joseph Schumpeter in his work entitled “Capitalism, Socialism and Democracy” coined the phrase “Creative Destruction” defined as a “process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.” Once again this concept is gaining popularity and being quoted by economist as [...]

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Does scalability really matter to a small business entrepreneur?

The use of the term scalability in business discussions has always amused me. In meetings with investors, I would watch the excitement escalate to an almost euphoric level. A common occurrence when investors and entrepreneurs meet to discuss business ideals. Just as the participants were ready to pop open the champagne bottle someone would exclaim, [...]

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