Answer 7 Key Questions about your Business
Many cleantech companies failed because they did not consider the seven critical questions every business must answer.
Between 2005 and 2009, an investment bubble was at its height in Silicon Valley. The underlying industry was clean technology, or cleantech, which encompasses products and services that promote things like the sustainable use of natural resources and the use of renewable energy sources.
Thousands of companies had been started in the industry, financed by over $50 billion in investments. Unfortunately, since then many companies have failed, taking the investors' money with them.
So why did they fail? Because they simply didn't analyze and understand the market opportunity.
To avoid this, every company should ask seven crucial questions about the market and itself.
Innovative companies like @Tesla have answers to almost all of these key questions, whereas most cleantech companies had zero, which is why they failed.
Answer 7 Key Questions about your Business
Many cleantech companies failed because they did not consider the seven critical questions every business must answer.
Between 2005 and 2009, an investment bubble was at its height in Silicon Valley. The underlying industry was clean technology, or cleantech, which encompasses products and services that promote things like the sustainable use of natural resources and the use of renewable energy sources.
Thousands of companies had been started in the industry, financed by over $50 billion in investments. Unfortunately, since then many companies have failed, taking the investors' money with them.
So why did they fail? Because they simply didn't analyze and understand the market opportunity.
To avoid this, every company should ask seven crucial questions about the market and itself.
Innovative companies like @Tesla have answers to almost all of these key questions, whereas most cleantech companies had zero, which is why they failed.
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