With almost 10 years of experience working with early stage startups, a lot of people run their business ideas by me. I love brainstorming and imagining what could be, but one thing that often strikes me is
how unnecessarily complicated many business ideas are.
I think a lot of them stem from the mistaken belief that a startup must be unique in order to succeed. In fact, the reverse is usually true - startups that play off existing, proven models tend to succeed more often than unique ones.
🧘♂️ I believe that simple business models are typically better than more complicated ones.For example, it's better to start with a simple productized service instead of a multi-sided marketplace. Similarly, it's easier to launch a product that sells directly to decision-makers than one that requires multiple sign-offs.
Too many would-be founders force themselves to build complex models when simple ones will do just fine.
Interested in this idea?
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