Business Model Competition
Business Model Competition is a vital phase in building a startup.
Due to less research on the real market, more than 80% of new business es fail. These start-ups focus on static documentation But there is a solution to overcome this problem.
At the budding stage, you should enter the real market and start working with real customers. This is the only valid way to test the business ideas are going in the right direction or not.
At regular intervals, we conduct a business model competition among enthusiastic would-be entrepreneurs. These would-be entrepreneurs vary from high school students to management passed out. The competition focuses on motivating the participants to build up a desirable business model. It’s more beneficial to test it on the real-time market & customers rather than gathering secondary data.
Encouraging participants to pay heeds on customer point of view and change the course of planning. Failing early is a success compared to failing late.