"It is better to fail in originality than... - Deepstash

"It is better to fail in originality than to succeed in imitation."

-- HERMAN MELVILLE

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MORE IDEAS FROM 51 Quotes to Inspire Success in Your Life and Business

"The road to success and the road to failure are almost exactly the same."

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"Success usually comes to those who are too busy to be looking for it."

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"Success is not final; failure is not fatal: It is the courage to continue that counts."

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"Opportunities don't happen. You create them."

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RELATED IDEA

Dave Thomas

"What do you need to start a business? Three simple things: know your product better than anyone, know your customer, and have a burning desire to succeed."

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Companies need better software to manage day-to-day finance

The tools that exist today for tracking and managing financial operations are outdated. Furthermore, payment complexity is increasing as businesses become global.

Large companies try to keep up by creating homegrown solutions with many engineers and operations specialists. For example, companies like Airbnb and Uber have 200+ employees tracking their real-time financial health.

Then there are the breakdowns in these payment operations, such as when Citibank accidentally wired $900M to a hedge fund.

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As companies continue to expand globally and new payment methods are created, there is an increasing need for a new generation of “financial operations” (FinOps) to help businesses manage their money.

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The Business Model

A business model refers to a company's plan for making a profit.

  • It identifies the product or service
  • The target market
  • Anticipated expenses

A business model helps developing companies to attract investment, recruit talent, and motivate management and staff. Established businesses should regularly update their business plans to help anticipate trends and challenges ahead.

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