Build a resilient business model from "summary" of Startup to Proficorn by Rajesh Jain
Building a resilient business model is crucial for the long-term success of any startup. It involves creating a framework that can withstand various challenges and uncertainties that may come its way. A resilient business model is like a strong foundation that provides stability and flexibility in the face of changing market conditions, customer preferences, and technological advancements. To build a resilient business model, startups need to focus on several key components. Firstly, they must have a clear understanding of their target market and customer needs. By conducting thorough market research and gathering feedback from customers, startups can identify opportunities for growth and innovation. This customer-centric approach helps in creating products or services that are in line with market demand, thus reducing the risk of failure. Another important aspect of a resilient business model is diversification. Startups ...
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