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Finding Your Business Model - Mikaal Abdulla
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Finding Your Business Model - Mikaal Abdulla


8 Securities 創辦人 Mikaal Abdulla 講述 Business Model 的概念。@StartLab.HK 香港創業實驗室 Bootcamp 啟蒙訓練營 第三日 …

8 Securities 創辦人 Mikaal Abdulla 講述 Business Model 的概念。@StartLab.HK 香港創業實驗室 Bootcamp 啟蒙訓練營 第三日

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  • 1. Finding Your Business Model
  • 2. My journey to entrepreneurship...
  • 3. The idea behind my startup...The ProblemA Solution?Investing ideas are channeled through advisors at a cost (time and money).All channels that exist to share information directly are declarative and thusunreliable.Challenge Asia s huge consumer financial advisory industry by bringing the conversation andtransactions 100% onlineThrough a personalized Trading Portal, customers have access to globaltrading, research and a private investor community on a single dashboard.A totally transparent and real-time peer to peer exchange of ideas & tradingon one screen.
  • 4. 8 Securities...
  • 5. What is a business model?
  • 6. A classic definition....The plan implemented by a company to generate revenue and make a profit fromoperations. The model includes the components and functions of the business, aswell as the revenues it generates and the expenses it incurs.
  • 7. A better definition...
  • 8. My business model?
  • 9. 1. Your idea (solve a problem)2. Deploy a minimal viable product and fail fast3. Iterate, iterate and iterate until you hit product / market fit4. Can you profitably monetize and scale your solution?5. Congratulations! You have a viable business model6. …at least until the next big thing challenges youFinding your business model
  • 10. Business models are dynamic. Not static.The Lesson
  • 11. 1. Be brave. Startups are risky. Face it head on.2. Acknowledge your weaknesses. Build a great team around you.3. Be flexible. Be humble. Your idea and business plan is theory.4. Put the user experience first (design is just as important as engineering.5. Enjoy the journey.My advise for entrepreneurs
  • 12. Don t ever let anyone tell you something!is too competitive. Once you subtract!the people who don t work very hard, or the!people who aren t as good as you, your !competition shrinks dramatically !
  • 13. in touch!