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.

To avoid disruption from lower-cost competitors, it's vital to understand customer perspectives and ensure that the business model is sustainable and capable of delivering value over time. I think it's important to have a growth mindset and be humble, whether in front of customers or internally. When meeting with a customer, we should be there to learn about their problems, not to teach them how to do things.

A successful business model not only benefits the company but also ensures that customers achieve their desired outcomes.

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

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.

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

Understanding the essence of your business is crucial for survival, especially in a fast-moving technology industry.

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

To build a customer-centric culture, it's essential to start with understanding the customer's problems rather than focusing solely on solutions or revenue.