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Harvard Innovation Labs Cast

06/12/13

@ Harvard Innovation Labs

To build a successful business model, design your product to reduce costs and friction in the go-to-market process, ensuring it aligns with market needs.

Video

Harvard i-lab | Startup Secrets: Turning Products into Companies

@ Harvard Innovation Labs

Harvard i-lab | Startup Secrets: Turning Products into Companies

06/12/13

Related Takeaways

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

Before taking your product to market, consider how you will create and deliver value to ensure your business is sustainable.

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

To create a valuable business model, focus on reducing customer acquisition costs while enhancing customer lifetime value through retention and upselling strategies.

Michael Skok

03/25/23

@ Harvard Innovation Labs

To design a successful business model, you must ensure that your product delivers immediate value to users.

Harvard Innovation Labs Cast

06/12/13

@ Harvard Innovation Labs

Think like an architect when building your company; plan for profitability and ensure your product is designed to meet market demands effectively.

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

The real cost of building a company lies in reaching customers, which is why understanding and optimizing the business model is crucial.

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

The business model is a critical component of your startup's success, and it should be considered alongside product innovation and market strategy.

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

To design a product for success, consider user experience, supportability, and how others can resell it without your direct involvement.

Michael Skok

03/25/23

@ Harvard Innovation Labs

The essence of a successful business model is understanding how to create and deliver value sustainably, and if you don't understand your customer's needs, your business can face significant challenges and even risk failure.

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

Understanding your business model involves figuring out how to create value, deliver it, and harness it effectively, which is crucial for both profit and sustainability.