Section 01 Your Business Model
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Understand the landscape of business followed by fundamental concepts such as core value proposition, setting up the business model and preparing a business model with an effective tool called the business canvas.
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Section 01 Your Business Model
- 1. understanding your model 01 type of businesses understand the different types of businesses existing in the market 03 setting up the model understanding the logistical and operational requirement 02 core value proposition clarify what is your core offering prior to deploying chunk of your resources 04 business canvas fill-up the business canvas or lean chart for clarity of your business
- 3. market overview Distributors or traders supplying the products to last mile retailers. Trading Retailer or individual sales executives selling to the consumer Last Mile Product manufacturer, raw material extractor or intermediate producer Manufacturing
- 5. manufacturing types based on product • Raw material • Intermediates • Machinery • Product
- 9. why know the core value resource efficient resources are limited and cannot be evenly allocated to all business activities
- 14. brand overview Distributors or traders supplying the products to last mile retailers. Distribution Retailer or individual sales executives selling to the consumer Retail Product manufacturer, raw material extractor or intermediate producer Manufacturing
- 15. case of fashion e-commerce • What should be the core activities? • Marketing and Sales • Product Range • Logistics
- 16. setting up model
- 17. your priority decide the utmost priority what is the one thing without which your business will definitely fail?
- 18. your logistics ensuring visibility and accessibility location01 appealing aesthetics with required utility interior02 brand experience while maintaining quality service03 what to prepare and what to assemble burger04
- 19. your sourcing Self preparation or product or realisation of service Inhouse Procurement of products or contract of services Outsourced
- 20. cost structure Expenses towards long term utility Capital Expense Expenses towards short term utility (within a year) Operational Expense Example: Kitchen Equipment Intellectual Property Computers and Software Furniture Examples: Salary Advertisement Rent Maintenance
- 21. cost structure • Hair Dresser • Core purpose • In-house training centre • Capital expenditure
- 22. business canvas
- 23. visualize your business business canvas gives you a complete snapshot of your business structure in one page.
- 24. KEY PARTNERS ❑ Decision makers in your company and their key result areas in reference to their skillset. KEY ACTIVITIES ❑ High output activities in your business VALUE PROPOSITION ❑ Core focus area of your business CUSTOMER OUTREACH ❑ Activities to reach customer CUSTOMER SEGMENT ❑ Type of people who are your target customers. KEY RESOURCES ❑ Resources facilitating the output CHANNELS ❑ Outlet ❑ Kiosk ❑ Delivery COST STRUCTURE ❑ Capital Expense ❑ Operational Expense ❑ Cost of Goods REVENUE STREAMS ❑ Products ❑ Sales Channels ❑ Delivery Channels
- 25. KEY PARTNERS ❑ Chef ❑ Manager KEY ACTIVITIES ❑ Recipes ❑ Experience ❑ Outreach VALUE PROPOSITION ❑ Delivering delicious burgers quickly at affordable prices CUSTOMER OUTREACH ❑ Advertisement ❑ PR CUSTOMER SEGMENT ❑ University Students ❑ Young Adults ❑ Budget Cautious Diners KEY RESOURCES ❑Chef & Kitchen ❑ Designers ❑ Marketers CHANNELS ❑ Dine-in ❑ Pick-up ❑ Delivery COST STRUCTURE ❑ Capital Expense (Kitchen, Store Interior) ❑ Operational Expense (Salary, Rent) ❑ Cost of Goods (Food items) REVENUE STREAMS ❑ Walk-in ❑ Phone Orders ❑ Online Orders
- 26. end of section your model congratulations! for finishing the first section on understanding and setting up your model.
- 27. new courses business essentials all fundamentals that you need to know about business along with an interesting section on evolution of business. product costing and pricing calculating product cost with fundamental understanding of business and various pricing strategies! procurement management ultimate guide to managing procurement by understanding the fundamentals, selection criteria, risk management, contracts & more