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Kom verder. Saxion.
Sustainable Energy
Building a business model
Jacques Bazen
Lecturer Entrepreneurship / International Economics
Kom verder. Saxion.
What is it that entrepreneurs are doing?
Kom verder. Saxion.
International partnerships
• Basically you are building a new organization.
• Suddenly things how you know that are working
in your home country, probably do not work as
you are used to.
• There is a risk that discovered solutions are sub-
optimal or that teams do not function well.
Kom verder. Saxion.
Stereotyping from the extremes
Culture 1 Culture 2
Kom verder. Saxion.
Working together with the Dutch
Google is a great way to explore stereotypes:
Kom verder. Saxion.
Kom verder. Saxion.
Kom verder. Saxion.
Hofstede scores
Both Dutch and
Ukrainian
entrepreneurs are
generally risk
avoiders
Kom verder. Saxion.
How to make normal business work
Problems with starting a business:
People with different
“language” have to
communicate (eg. entrepreneurs,
venture capitalists, marketeers)
Kom verder. Saxion.
How to make business work
Extra challenge for international business:
People with different
language, culture and history
have to communicate.
That means… different ideas and
expectations at the negotiating table
Kom verder. Saxion.
Intercultural teams
Average effectiveness
Kom verder. Saxion.
Funding new technologies
Why is it often so difficult to get sufficient funding?
Kom verder. Saxion.
“Rainforest” solution
Hwang & Horowitt use the Rainforest
metaphor (wild unordered jungle with a large
biodiversity) to explain why some regions are
successful in creating an innovative climate,
while others are not.
Kom verder. Saxion.
Rainforest rule
Effective funding & long term partnerships only
work if there is trust among partners that the
different partners are Seeking fairness, not
advantage!
Kom verder. Saxion.
Key: Sustainable value creation for customers
Kom verder. Saxion.
Creating value: where is my customer?
As entrepreneur you offer your customers a value
proposal (a solution for their problem).
How do you know a value proposal is good?
Where / Who is my customer?
Kom verder. Saxion.
Remember when developing a business:
Kom verder. Saxion.
Answer to this question is to look into the customer
needs and understand which needs customers have
Where / Who is my customer?
Kom verder. Saxion.
Customer needs
Example: Parents looking for a baby seat in car
• Technical:
It must be helping our baby to be transported safely (the
product does the job)
• Emotional:
Buying a good baby seats makes us feel good, as loving
parents (the product makes you feel good)
• Social:
We want to show others that we have the best product
(how the product is seen by others)
Kom verder. Saxion.
Customer needs: positioning
Kom verder. Saxion.
Customer journey
Kom verder. Saxion.
Customer journey
Make sure your customers will have a positive
“journey”: They will come back to you and/or
promote you among others!
Kom verder. Saxion.
Testing the business model
Steve Blank:
1. Get out of the building! There are no facts to be
found in school or in the company itself 
interview prospective customers to test your ideas
2. Make the process iterative. Adopt your product
according to the ideas of your future customers.
Don’t go for a waterfall development… step by step
improvements.
Kom verder. Saxion.
Testing the business model
3. Failure is part of the search! Try to experiment
with different things and when experiments fail,
try something else.
4. Make iterations and pivots (turnarounds). A
pivot is a major change in one of the boxes of
the business model canvas.
5. No business plan survives the first contact with
customers.
Kom verder. Saxion.
When to pivot?
Kom verder. Saxion.
Testing the business model
9. Think about measuring progress… Take
variables like cash-burn rate, months until
break even
Kom verder. Saxion.
Who will be your first customers?
Kom verder. Saxion.
Early adopters
http://www.inc.com/joe-gebbia/how-airbnbs-early-
adopters-saved-the-company.html
Kom verder. Saxion.
Talk to your customers
Don’t ask them “would you like to have candy” type of
questions… Everyone would like to have candy, so don’t
ask questions that nobody will say no to.
For example: Do you also often feel thirsty while
shopping in the city in the summer? Would you be
interested in a good non-expensive offer of healthy
fresh drinks while shopping…? I would like to start a
watermelon store, do you like watermelon?
Kom verder. Saxion.
Talk to your customers
Tips:
• Remember that people often respond politely. You need to
make people feel safe and ensure it’s safe to help you. Try to
explain that you’re looking for honest answers to create a
product/service that is actually wanted.
Kom verder. Saxion.
Talk to your customers
• Start out with behaviour, not with feedback: start with
questions about the behaviour of the person in front of you, in
relation to the ‘problem or opportunity’. As soon as that’s
clear for you, you can ask for feedback.
• Ask open questions: no yes/no questions, just W-questions
(Why, Where, What, how?)
• Listen, don’t talk: Try to talk as little as possible and try to ask
your questions as short and neutral (so don’t enclose your
wanted answer intro the question) as possible.
Kom verder. Saxion.
Remember when developing a business:
Kom verder. Saxion.
When to launch the full product?
• After testing the MVP and learning from
experiments, it is time to launch the full product,
not just anymore for early adopters.
• When is that time?
Kom verder. Saxion.
The process of innovation
Golden rules of successful innovation:
(According to Microsoft)
1.It is something new.
2.I want to have it!
3.Why didn’t I think about it?
Kom verder. Saxion.
Resources used for this presentation
/ Further reading
• Saxion Startup Handbook (2014), Berrie Coelman
(downloadable at: http://www.startupwerkboek.nl/index.php/124)
• Entrepreneurship (2014), David Rae
• The Startup owners manual (2012), Steve Blank & Bob Dorf
• Business Model Generation (2010), Alexander Osterwalder & Yves
Peigneur
• The Lean Startup (2011), Eric Ries
• Start with Why (2011), Simon Sinek
• Blue Ocean Strategy (2005/2015), Kim & Mauborgne

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Жак Базен, Saxion University - Створення бізнесу на вартісних ланцюжках

  • 1. Kom verder. Saxion. Sustainable Energy Building a business model Jacques Bazen Lecturer Entrepreneurship / International Economics
  • 2. Kom verder. Saxion. What is it that entrepreneurs are doing?
  • 3. Kom verder. Saxion. International partnerships • Basically you are building a new organization. • Suddenly things how you know that are working in your home country, probably do not work as you are used to. • There is a risk that discovered solutions are sub- optimal or that teams do not function well.
  • 4. Kom verder. Saxion. Stereotyping from the extremes Culture 1 Culture 2
  • 5. Kom verder. Saxion. Working together with the Dutch Google is a great way to explore stereotypes:
  • 8. Kom verder. Saxion. Hofstede scores Both Dutch and Ukrainian entrepreneurs are generally risk avoiders
  • 9. Kom verder. Saxion. How to make normal business work Problems with starting a business: People with different “language” have to communicate (eg. entrepreneurs, venture capitalists, marketeers)
  • 10. Kom verder. Saxion. How to make business work Extra challenge for international business: People with different language, culture and history have to communicate. That means… different ideas and expectations at the negotiating table
  • 11. Kom verder. Saxion. Intercultural teams Average effectiveness
  • 12. Kom verder. Saxion. Funding new technologies Why is it often so difficult to get sufficient funding?
  • 13. Kom verder. Saxion. “Rainforest” solution Hwang & Horowitt use the Rainforest metaphor (wild unordered jungle with a large biodiversity) to explain why some regions are successful in creating an innovative climate, while others are not.
  • 14. Kom verder. Saxion. Rainforest rule Effective funding & long term partnerships only work if there is trust among partners that the different partners are Seeking fairness, not advantage!
  • 15. Kom verder. Saxion. Key: Sustainable value creation for customers
  • 16. Kom verder. Saxion. Creating value: where is my customer? As entrepreneur you offer your customers a value proposal (a solution for their problem). How do you know a value proposal is good? Where / Who is my customer?
  • 17. Kom verder. Saxion. Remember when developing a business:
  • 18. Kom verder. Saxion. Answer to this question is to look into the customer needs and understand which needs customers have Where / Who is my customer?
  • 19. Kom verder. Saxion. Customer needs Example: Parents looking for a baby seat in car • Technical: It must be helping our baby to be transported safely (the product does the job) • Emotional: Buying a good baby seats makes us feel good, as loving parents (the product makes you feel good) • Social: We want to show others that we have the best product (how the product is seen by others)
  • 20. Kom verder. Saxion. Customer needs: positioning
  • 22. Kom verder. Saxion. Customer journey Make sure your customers will have a positive “journey”: They will come back to you and/or promote you among others!
  • 23. Kom verder. Saxion. Testing the business model Steve Blank: 1. Get out of the building! There are no facts to be found in school or in the company itself  interview prospective customers to test your ideas 2. Make the process iterative. Adopt your product according to the ideas of your future customers. Don’t go for a waterfall development… step by step improvements.
  • 24. Kom verder. Saxion. Testing the business model 3. Failure is part of the search! Try to experiment with different things and when experiments fail, try something else. 4. Make iterations and pivots (turnarounds). A pivot is a major change in one of the boxes of the business model canvas. 5. No business plan survives the first contact with customers.
  • 26. Kom verder. Saxion. Testing the business model 9. Think about measuring progress… Take variables like cash-burn rate, months until break even
  • 27. Kom verder. Saxion. Who will be your first customers?
  • 28. Kom verder. Saxion. Early adopters http://www.inc.com/joe-gebbia/how-airbnbs-early- adopters-saved-the-company.html
  • 29. Kom verder. Saxion. Talk to your customers Don’t ask them “would you like to have candy” type of questions… Everyone would like to have candy, so don’t ask questions that nobody will say no to. For example: Do you also often feel thirsty while shopping in the city in the summer? Would you be interested in a good non-expensive offer of healthy fresh drinks while shopping…? I would like to start a watermelon store, do you like watermelon?
  • 30. Kom verder. Saxion. Talk to your customers Tips: • Remember that people often respond politely. You need to make people feel safe and ensure it’s safe to help you. Try to explain that you’re looking for honest answers to create a product/service that is actually wanted.
  • 31. Kom verder. Saxion. Talk to your customers • Start out with behaviour, not with feedback: start with questions about the behaviour of the person in front of you, in relation to the ‘problem or opportunity’. As soon as that’s clear for you, you can ask for feedback. • Ask open questions: no yes/no questions, just W-questions (Why, Where, What, how?) • Listen, don’t talk: Try to talk as little as possible and try to ask your questions as short and neutral (so don’t enclose your wanted answer intro the question) as possible.
  • 32. Kom verder. Saxion. Remember when developing a business:
  • 33. Kom verder. Saxion. When to launch the full product? • After testing the MVP and learning from experiments, it is time to launch the full product, not just anymore for early adopters. • When is that time?
  • 34. Kom verder. Saxion. The process of innovation Golden rules of successful innovation: (According to Microsoft) 1.It is something new. 2.I want to have it! 3.Why didn’t I think about it?
  • 35. Kom verder. Saxion. Resources used for this presentation / Further reading • Saxion Startup Handbook (2014), Berrie Coelman (downloadable at: http://www.startupwerkboek.nl/index.php/124) • Entrepreneurship (2014), David Rae • The Startup owners manual (2012), Steve Blank & Bob Dorf • Business Model Generation (2010), Alexander Osterwalder & Yves Peigneur • The Lean Startup (2011), Eric Ries • Start with Why (2011), Simon Sinek • Blue Ocean Strategy (2005/2015), Kim & Mauborgne