BizSugar.com › Raising Capital › Startup Capital: The Transitional Business Model

The Transitional Business Model

One of the key differences that I see over and over between successful and unsuccessful entrepreneurs is the willingness to use a transitional business model initially as a means of establishing a beachhead in the target industry. Another way of saying this is that smart entrepreneurs understand that they need to learn how to walk before they can run. Too many first-timers expect it all from the get-go. Then when the world fails to shower them with investment capital and customers, they get angry at it.