Episode Synopsis "Why entrepreneurs don't scale and alternative funding."

In the final episode of the series, we will talk about why entrepreneurs don't scale and the lean startup approach. A big part of it involves being nimble enough to make changes as your product develops (or not being stuck on one particular vision of the company), and failing fast through short, inexpensive development cycles. Think minimum viable product! We end by touching on an alternative, growing method to fund your enterprise: crowdfunding. In a few words, crowdfunding means raising capital from a large number of people with small, individual contributions. What you give them in exchange varies from product to product, but we think that the benefit of getting your product out for early adopters' feedback certainly outweighs the cons here. Thank you for listening and good luck! Sources: Why Entrepreneurs Don't Scale: https://hbr.org/2002/12/why-entrepreneurs-dont-scale Indiegogo: https://www.indiegogo.com/ Kickstarter: https://www.kickstarter.com/

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More episodes of the podcast Enterprise Academy

• Why entrepreneurs don't scale and alternative funding.
• Effectuation, business models, and pitching effectively.
• What is Entrepreneurship? The origin of ideas and the entrepreneurial process.