Definition

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Founding Stewards (1776-1817)

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Adam Smith, Jean-Baptise Say, David Ricardo

 

Process: Entrepreneurial Method

1. Identify

2. Create

3. Sell

4. Deliver

OUTPUT: Business Models

Listen to the H3 Playlist

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Parallel H3 Processes 

 

Within the third house there are 2 parallel paths available to entrepreneurs. The funding-driven path is investor-driven and practiced in Silicon Valley and has a "fund" step which can be inserted anywhere in the process, prior to the business model . The Bootstrap Path has an optional "fund" step which occurs after the emergence of the business model. The Bootstrap Method describes the latter process and is studied in House 1 as "effectuation." 

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Existing organizations must also develop the capacity to generate new business models in addition to executing and improving their existing business model.

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Next: House 4