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Getting From Business Idea to Business Model
Transcript of Getting From Business Idea to Business Model
Visualizing Your Business Model
Business modeling is like telling a story:
It's about how your enterprise will create, deliver, & capture value
Navigating Your Environment
World is full of threats, constraints, and opportunities beyond your control
Business model is designed based on environmental factors
Telling Your Story
Great Ideas do not assure success
Great Business ideas need a great
How do you go from This
9 essential building blocks
that make up a business model
Assets that are indispensable in your business model
Allows you to describe the infrastructure that you'll need to design, create, deliver, & capture value
To compete in a world where the best model wins
you'll have to think long and hard and explore
3 Golden rules to follow when creating models:
Focus on the business model not just the product, technology or service
Don't fall in love with your first model
The best models are built on unexpected elements that come from creating many prototypes
Iterate rapidly and test models early
Accounting for Environmental Factors
How Do you Account for Environmental factors
Everything related to the customer segment selected
What other customer segments are out there?
What will undercut or
charge your value
What regulations are coming up
How is society shifting
Who are our main
Macro Economic Forces
Ask Yourselves These Questions
Does your model have a competitive edge, today or tomorrow?
Is the model prepared for emerging trends?
Is the model in line with evovling customer needs
How will the model adjust to marco-economic shifts
Customer Development and Lean Start Up
Low cost savings to test important hypothesis
Talk to distributors
Talk to customers