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HI

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

Analyzing the business model is essential for understanding how to achieve profitability and sustainability in a startup.

Video

HI

Harvard i-lab | Startup Secrets: Business Model

@ Harvard Innovation Labs

Harvard i-lab | Startup Secrets: Business Model

02/02/14

Related Takeaways

HI

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.

HI

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.

MS

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.

RF

Reham Fagiri

12/15/18

@ Y Combinator

Financial modeling is crucial for startups; it helps in building projections and understanding business scenarios for future projects.

HI

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.

MS

Michael Skok

03/25/23

@ Harvard Innovation Labs

A business model is how you create, deliver, and capture value sustainably.

HI

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

A successful business model can create a perfect storm for startups, making it difficult for competitors to catch up if you target an untapped market effectively.

SA

Sam Altman

08/30/18

@ Y Combinator

Founders need to have a sensible business model in mind, as being unable to answer how they will make money is a bad sign.

HI

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

A disruptive business model is as powerful as a disruptive product or technology, and it's essential to understand how to create value and deliver it sustainably.