THOUGHT FOR THE DAY

Business

“To open a shop is easy, to keep it open is an art.”

- Chinese Proverb

TOPIC OF THE DAY

Business model

To extract value from an innovation, a start-up (or any firm for that matter) needs an appropriate business model. Business models convert new technology to economic value.

For some start-ups, familiar business models cannot be applied, so a new model must be devised. Not only is the business model important, in some cases the innovation rests not in the product or service but in the business model itself.
Read on.....

LATEST ARRIVALS

Getting to Plan B: breaking through to a better business model by John Mullins and Randy Komisar