From Sizzle to Substance: Choosing the Right Business Model for Your Startup
There are three hurdles an entrepreneur needs to cross in order to make their business a success. The first is coming up with a great idea that meets a need in the market. The second is generating enough value for customers for them to adopt in droves. And the last is choosing the right business model to translate the idea and adoption into profits. Many entrepreneurs cross the first and second hurdles but wait too long to figure out how they’re going to cross the third. In this talk, we’ll review a variety of business models that an entrepreneur can choose from and explore how they should come to a decision on which one is right for their business.
Farbod Hagigi – Bio
Dr. Hagigi is the Founder and CEO of ClinicalBox, Inc., an investor-backed healthcare technology company advancing patient engagement, care coordination and value-based healthcare. He has significant experience across the healthcare industry spanning healthcare delivery, insurance, technology, biopharma and global health. In addition to his work at ClinicalBox, Dr. Hagigi is a Visiting Scholar at the Heller School for Social Policy and Management, with a focus on care coordination research. Prior to ClinicalBox he was a Project Leader at The Boston Consulting Group (BCG) in the Boston office. At BCG, Dr. Hagigi worked on 16 projects at 12 clients across the healthcare value chain advising Fortune 100 C-suite executives on significant strategic and operational challenges facing providers, payors, technology conglomerates and biopharma companies.
Salim Afshar – Bio
Dr. Afshar is the Founder and Chief Product Officer of ClinicalBox, Inc., an investor-backed healthcare technology company advancing patient engagement, care coordination and value-based healthcare. He is also practicing surgeon at Boston Children’s Hospital. During the past 16 years he has solved system and design challenges both large and small with solutions that were inspired by processes and systems found in nature (biomimicry). He has played a key advisory role in the implementation and design of healthcare software systems over the past 12 years. As a surgeon, Dr. Afshar has trained and worked at over 17 healthcare facilities and brings that deep knowledge to bear in both product development and strategy. He has an MD and DMD from Harvard University and completed his residency within the Partners Healthcare System. His general surgery training (trauma, burns, vascular, transplant, thoracic, cardiac surgery) and his Chief Residency in maxillofacial surgery were both completed at the Massachusetts General Hospital.
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When & Where
Harvard Innovation Labs
The Harvard Innovation Labs consist of a vibrant, cross-disciplinary ecosystem for the Harvard community to explore innovation and entrepreneurship while building deeper connections. It is an excellent example of the One Harvard vision and a leading catalyst for the Allston Science and Enterprise District.The Innovation Labs fosters unprecedented collaboration among Harvard students, faculty, entrepreneurs, and members of the Allston and Greater Boston communities.
The Harvard i-lab is the central component of the Harvard Innovation Labs. It is an educational collaborative for all current Harvard students from any Harvard school to explore innovation and entrepreneurship at any stage. it provides open co-working space, a vibrant community of peer and mentor support, experiential programming, and a 12-week Venture Incubation Program, helping student teams take their ideas further, faster.
The Launch Lab is a critical extension of the growing Harvard Innovation Labs. It provides eligible Harvard alumni leading high-potential early-stage startups with a curated community including collaborative coworking space, business building programming, and access to i-lab advisors and mentors. It fosters continued connection between alumni, current students, and the Harvard commnunity as a whole.