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Entrepreneurs Starting Up New Enterprises Need to Focus First on Business-Model Innovation

Saturday, October 4th, 2008

Business model innovation allows new businesses to have a better chance to succeed and prosper.

If you are an individual or a small team not yet operating as a business, starting first on business model innovation sounds like it’s impossible. The world is full of long-standing companies that seem to be serving virtually every conceivable need.

However, can you serve those needs by employing new business models in a better way? Probably you can. And if you can, then you can be the first to compete based on business model innovation.