Thursday, August 12, 2010

Foundation elements for modern businesses

(From Seth's Blog, by Seth Godin)

When you sit down to dream up a new business, you can imagine a world without constraints. Or you can choose to build in fundamental pieces that will make it more likely your idea will pay off.

Here are some fundamental pieces of most new successful businesses. The goal is to build these elements into the very nature of the business itself, not just to tack them on. For example, the Scotch tape people at 3M can't do #5, because of the structure of retail distribution and the way they mass produce and can't track who is buying what.

You can live without some of THESE, but go in with your eyes open if you do.

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