The new book, Startup Communities: Building an Entrepreneurial Ecosystem in Your City is a great read on an important topic. My favorite line came on the last page:
“My favorite thing about startups is that they don’t require anyone’s permission.”
In an effort to keep entrepreneurs and founders as focused on their customers as their product or service, I have written a lot on the need for founders and entrepreneurs to know their customers intimately. Business models differ by industry and business, and, quite often, knowing your customer is not often enough.
Startup revenue model (Excel.xls download)
It's hard to go through a day without hearing the media, a friend, a business owner, or somebody complain about how the success of their business is being killed by the bad economy. While the general health of the economy obviously plays a role in all of our businesses, I think it's an easy and convenient excuse.