# [[Key Concepts on EITT]] ## Summary Why EITT? The 4 most important tools: Difference between a business idea and a business model Large companies versus startups Business plan versus business model Waterfall versus agile development Product development versus customer development Team organization Learn to search Traditional versus social entrepreneurship ## Topics - [[Key Concepts on EITT]] ## Work for the next class - Watch Lesson 3 (Business Models and Customer Development, Part 1) of Udacity’s course on How to Build a Startup - Interview experts on your technology or technologies - Find valuable applications for the technologies - Identify the resources you already have for these applications Next: [[TClass04 - Developing an Innovation Mindset and An Introduction to the Business Model Canvas]] Back to [[Entrepreneurship, Innovation and Technology Transfer (EITT)|EITT Home]]