A Quote by Scott D. Anthony
Most companies are built to execute today's business model, not discover tomorrow's.
Related Quotes
We now understand the distinction between startups - who search for a business model - versus existing companies - that execute a business plan.
All too often, a successful new business model becomes the business model for companies not creative enough to invent their own.
Companies will need to pursue a more diversified business model, but I think those companies that have what I call a focused diversified business model will be more successful.
If you look at our original business model with the verticalized law firm, a lot of these companies that have this kind of full stack model are not going to survive. A lot of these companies, Atrium included, did not figure out how to make a dent in operational efficiency.
Startups are companies that are still in the process of searching for a business model. Ventures that are further along and executing their business models are no longer startups; they are early-stage companies.
We can influence who we will be tomorrow, for tomorrow can only be built on today.
Generally, the technology that enables disruption is developed in the companies that are the practitioners of the original technology. That's where the understanding of the technology first comes together. They usually can't commercialize the technology because they have to couple it with the business model innovation, and because they tend to try to take all of their technologies to market through their original business model, somebody else just picks up the technology and changes the world through the business model innovation.
Today we love what tomorrow we hate, today we seek what tomorrow we shun, today we desire what tomorrow we fear, nay, even tremble at the apprehensions of.
'Never put off tomorrow what you can do today.' Under the influence of this pestilent morality, I am forever letting tomorrow's work slop into today's and doing painfully and nervously today what I could do quickly and easily tomorrow.
There was a 3-foot-long model that was built for 'New Hope,' and then there was an 8-foot model that was built for 'Empire Strikes Back.' The 8-foot model and the 3-foot model are kind of different. A lot of the details are different between the two of them.
Fame is an illusive thing - here today, gone tomorrow. The fickle, shallow mob raises its heroes to the pinnacle of approval today and hurls them into oblivion tomorrow at the slightest whim; cheers today, hisses tomorrow; utter forgetfulness in a few months.
Companies that model best practices, that model the most upstanding principles, end up as the most profitable. It's not a trade of profits versus principles.
Companies that have been built and operated for a long time are the most successful companies.
Companies that acquire startups for their intellectual property, teams, or product lines are acquiring startups that are searching for a business model. If they acquire later stage companies who already have users/customers and/or a predictable revenue stream, they are acquiring companies that are executing.
I'm never gonna owe money because every time I get a dollar, I put it into another business, whether it's to buy goods or develop other companies. You don't have money; you have companies. That's one business model. That's mine. And I only associate with other people that are putting up their own money, 'cause they're the only ones that can relate.
What I tell founders is not to sweat the business model too much at first. The most important task at first is to build something people want. If you don't do that, it won't matter how clever your business model is.
