Étiquette : business model

21/11/2013 Business Model, Customer Development, Mentoring, Video

Ep 1 – Getting From Business Idea to Business Model

Ep 1 – Getting From Business Idea to Business Model

  • A great business idea needs a great business model !Many ideas fail to turn in a successful Business
  • Many reasons for failing amongst which :
    • Customers don’t care about the problem your idea solves
    • Customers do like your Value Proposition but the Business model is not scalable & financially sustainable,
    • You haven’t identified reliable channels to reach & acquire customers,
    • You don’t have the Infrastructure you need when your business begin to grow,
    • etc
  • Find the right Business Model with Business Model canvas and go & test it in the real world!
21/11/2013 Business Model, Customer Development, Mentoring, Video

Ep 1 – Getting From Business Idea to Business Model

Ep 1 – Getting From Business Idea to Business Model

  • A great business idea needs a great business model !Many ideas fail to turn in a successful Business
  • Many reasons for failing amongst which :
    • Customers don’t care about the problem your idea solves
    • Customers do like your Value Proposition but the Business model is not scalable & financially sustainable,
    • You haven’t identified reliable channels to reach & acquire customers,
    • You don’t have the Infrastructure you need when your business begin to grow,
    • etc
  • Find the right Business Model with Business Model canvas and go & test it in the real world!
21/11/2013 Business Model, Mentoring, Prototyping, Video

Ep 3 – Prototyping your Business Model

Avoid falling in love with your first idea, and learn how to prototype multiple business model options.

Ep 3 – Prototyping

  • Make a Story how your business will create, deliver, capture value
    • Start with value Proposition
    • Decide Who do you sell it to
    • How do you get it to them
    • How this will generate  revenue
    • Key resources you need to offer your product/service
  • Summary
    • Focus on your Business Model not your product or technology
    • Don’t fall in love with your first Business Model -> Predictable Business Model can work but rarely give you a competitive advantage. Think harder, explore alternatives. Find a disruptive Business Model e.g. Nespresso, Skype -> freemium model. Look at other places for ideas in other industries.
    • Iterate rapidly & test your model rapidly!

Watch the whole series here : What is your Business model