Home > Topic > the business model
1 " ... all too often, a successful new business model becomes the business model for companies not creative enough to invent their own.[2002] p.46 "
― Gary Hamel , Leading the Revolution: How to Thrive in Turbulent Times by Making Innovation a Way of Life
2 " The goal - at least the way I think about entrepreneurship - is you realize one day that you can't really work anyone else. You have to start your own thing. It almost doesn't matter what the thing is. We had six different business plan changes, and then the last one was PayPal.If that one didn't work out, if we still had the money and the people, obviously we would not have given up. We would have iterated on the business model and done something else. I don't think there was ever clarity as to who we were until we knew it was working. By then, we'd figured out our PR pitch and told everyone what we do and who we are. But between the founding and the actual PayPal, it was just like this tug-of-war where it was like, " We're trying this, this week." Every week you go to investors and say, " We're doing this, exactly this. We're really focused. We're going to be huge." The next week you're like, " That was a lie. "
3 " The goal - at least the way I think about entrepreneurship - is you realize one day that you can't really work anyone else. You have to start your won thing. It almost doesn't matter what the thing is. We had six different business plan changes, and then the last one was PayPal.If that one didn't work out, if we still had the money and the people, obviously we would not have given up. We would have iterated on the business model and done something else. I don't think there was ever clarity as to who we were until we knew it was working. By then, we'd figured out our PR pitch and told everyone what we do and who we are. But between the founding and the actual PayPal, it was just like this tug-of-war where it was like, " We're trying this, this week." Every week you go to investors and say, " We're doing this, exactly this. We're really focused. We're going to be huge." The next week you're like, " That was a lie. "
4 " The same products, services or technologies can fail or succeed depending on the business model you choose. Exploring the possibilities is critical to finding a successful business model. Settling on first ideas risks the possibility of missing potential that can only be discovered by prototyping and testing different alternatives. "
5 " The most essential thing for us was to get the business model right, then put the world-class technology under it to support it. At Merrill, that meant not doing what people expected. "
6 " What I tell founders is not to sweat the business model too much at first. The most important task at first is to build something people want. If you don't do that, it won't matter how clever your business model is. "
7 " Yes, the disruption of the Internet can be blamed for the destruction of the business model that once made journalism a thriving, well-paying enterprise, but it has also created an array of new tools for reporting. Somebody will eventually figure out how to make online newspapers profitable - I hope. "
8 " I believe 3D is inevitable because it's about aligning our entertainment systems to our sensory system. We all have two eyes we all see the world in 3D. And it's natural for us to want our entertainment in 3D as well. It's just getting the technology - it's really more the business model than the technology piece. We've solved the technology. "
