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What About the Moment After You Succeed? | 35grove.com | Where Ideas Grow

What About the Moment After You Succeed?


[Photo by daquella manera]

Last night I attended the 9th Entrepreneurs Roundtable with guest Gil Beyda, and halfway through the discussion, he mentioned a very important aspect of business planning that most people overlook: what are you going to do the moment after you succeed?

Most people plan to reach their first dollar, or sign their first deal, but they don’t always plan the next step. For example, how will you leverage your first deal into sustainable revenue opportunities? Or, if you’ve proven a new business model, you can be sure that a flood of new startups will try to steal your thunder, so how will you create barriers to entry? Etc.

Of course you can’t predict where you’ll be when your startup does begin to succeed (you might not even be in the same business as you are today), but this is still something you should marinade on.

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