Most technical entrepreneurs focus hard on building an innovative product, but forget that an elegant solution doesn’t automatically translate into a successful business. Businesses require an equally elegant business model, with the right price, messaging and delivery channel to the right target customers to keep the dream alive and growing.
Defining the right business model requires the same diligence as designing the right product, but the approach and skills required are different. That’s why investors acknowledge that two co-founders are often better than one – with one focusing on the technical solution, and the other focusing on defining and building the business model. These two jobs need to be done in parallel.
See more information here: https://www.entrepreneur.com/article/242308
On 2 and 3 of November was held the first project meeting of the partners from STEPS2SCALE project co-funded by the ERASMUS + programme of the European Union, hosted by the coordinator Bulgarian Industrial Association. The meeting was attended by representatives of all partner’s oreganization.
Every partner starts with short introduction of his host organization and core activities. The partners had discussion of the project activities, coomunication and dissemination strategy, financial and administrational issues. The partners agreed with the proposed governance structure of the project and had discussion about the development of the harmozed qualification framework, which will be developed with the contribution of every partner. The meeting ended with planning of the next activities and stepes within the project.
Growth is one of the top concerns of new businesses. As a startup, you want to scale your business and find success. It can be tempting to focus solely on your business strategy and leave culture in the dust. But culture isn’t something you can put off or avoid. Culture needs to scale and grow along with your company.
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