(1) The process of going from idea to a merchandise;
(2) The steps between a product and the buyer;
(3) The migration of a person's knowledge.
These three represent the flow of (1) objects; (2) money and value; and (3) person. It is very important for a would-be entrepreneur to know where exactly he is, where his knowledge is, and where the industry and market is.
|A person's maturation from book learning to career to business to creation-learning.|
|Migration from an idea to a merchandise.|
Then it is important to understand the life cycles of a startup ...