Prostitution, Drugs, Pornography, Gambling, and Religion
When I revamped Stanford’s program in Entrepreneurship in the early 1990s, I got to thinking about all the types of businesses people start.
As I thought about the various business models, I realized I could boil them down to some basic characteristics, mostly around what they were selling. Â Some companies were based on people (e.g. services companies), some required large up-front investments, but had low marginal costs (such as software), and so forth. Â I found that people who were good at one of these business models often had trouble understanding or working in the others.
The basic business models I identified could be loosely identified as:
- Prostitution
- Drugs
- Pornography
- Gambling
- Religion
These are business models, and have nothing to do with the specific products or services being offered. Read more…
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