Here are a few thoughts on the search for a business model:
* It takes time — if you do it under 12 months you’ve done an amazing job
* Expect several pivots/iterations as you collect more information
* Pick a small, fast-growing market if you want more room for error as a great market makes up for many mis-steps
* Don’t be too tied to your original thesis but do pay attention to the core of what you’re good at doing
* Pretend like you’re a detective and need to talk to as many people as will listen, but know that only once you’re paid for something will you start to get deeper insightThe search for a business model is filled with high highs and low lows. Know what you’re getting into and keep an open mind throughout.
— The Search for a Business Model « 10,000 Startup Hours – David Cummings
