When it comes to building a startup, entrepreneurs put a multitude of things at risk. As an entrepreneur, how can one know whether it is worth the gamble to grow their idea into a company?
Though there is no guaranteed way to found a successful startup, there are various ways entrepreneurs can identify and minimize many of the risks that face their potential company.
One of the first steps an entrepreneur can take is to identify the 9 basic building blocks of their business model. In answering the first 9 questions, entrepreneurs can better gauge whether their startup will be headed towards the path of success.