Starting a new company is inherently risky, but recently a new methodology called the “lean start-up” has been gaining traction and may help mitigate the risks associated with start-ups. This methodology emphasizes quick business development and testing ideas and products with real customers as soon as possible to get important feedback. The Harvard Business Review has written about these sorts of techniques as the new big thing business schools are beginning to teach and notes that they believe this methodology will help increase growth in the number of start-ups ( https://hbr.org/2013/05/why-the-lean-start-up-changes-everything ). One approach to the lean start-up is called the Business Model Scorecard (BMSC) (pictured above), and it’s designed to help entrepreneurs build a viable business model and get products to market to start generating revenue much quicker than more traditional approaches. Last weekend (June 3-4), 111 start-ups got together at in3, a community space and in...
ImpactInvesting.Online explores the intersection of economics, finance, equity, and accountability. Featuring expert commentary, original data, and real-time analysis, the blog covers ESG, impact investing, and socially responsible finance with a focus on how markets can serve the public good. Updated regularly with insights on policy, corporate behavior, and systemic risk.