Business model method
The frameworks and process for designing, testing and validating a business model.
Product Design & Simplicity
Making something simple is anything but easy.
What is Business Model Innovation?
Business Model Innovation is the process of unlocking new models on top of new or existing technologies.
Process
Startup Financial Models
Dominate A Niche
For those without massive bankrolls or VC Dollars, it is important to maximize the odds of success at the earliest stages, and that’s why ‘finding a niche’ and trying to dominate it is the most common and likely effective strategy.
Customer Development – Cashflow Forecast
To oversimplify, we don’t want to raise capital without merit and so ‘bootstrapping’ is ideal through a Customer Discovery phase until at least the point of Customer Validation.
Customer Development Framework – BM Validation
Using the Customer Development framework to validate a new or emerging business model helps streamline the process.
Rule of 3s – Business Competition
Overall, there are many data points that suggest that being in the top tier of any market makes a huge difference, long-term, from both a market share and financial perspective.
Design – How to Choose What to Choose
the behavioral science of ‘how we choose what we choose’ deals with a complex array of conscious value, beliefs, and motivations, mixed with a subconscious set of cognitive biases and emotional triggers
Customer Validation Process
the Value Proposition Canvas is an indispensable tool for modelling a business
Value Proposition Process
Overall, we must look at value from the perspective of “Jobs to Be Done” and synthesize insights within the framework of the Value Proposition Canvas in order to avoid being in the 72% who typically fail to deliver on customer expectations when they come to market.
Business Model Innovation (BMi) Process
Bmi is innovation using the Business Model as the main mechanism, rather than product or technological innovation.
Business Modelling Process
Overall, business modelling can help businesses – current and future – optimize and adapt with changing market conditions, and create less risk of being caught flat-footed as those conditions change.
Strategy – Game Theory
Key Components of the Business Model Canvas