Speaker: Don Duval, Vice President, Business Services, MaRS
Using a case study example, Don discusses the importance of understanding and refining your business model in order to grow your business and maintain a sustainable competitive advantage in the marketplace.
Part of the MaRS CIBC Presents Entrepeneurship 101 lecture series: http://www.marsdd.com/ent101
Title: Developing an effective business model
chapter: 6
Book: Entrepreneurship successfully launching new ventures
Author: Bruce R. Barringer
Edition: 4th
Presenter: Fahim Hassan, Md. Sadid Uddin, Md. Hafizur Rahman, Md. Shahalam Khan, Tanveer Al Jamee
University: University of Dhaka
Department: Finance
Degree: B.B.A.
Batch: 19th
Section: B
I made this presentation because I was having this one question in mind for many days First step of any Business is designing an exceptional Business Model,I hope it help you in solving your doubts.Thank You.
Business Model Generation (Alex Osterwalder)Endrigo Ramos
Systematically understand, design & differentiate your business model.
Disruptive new business models are emblematic of our generation. Yet they remain poorly understood, even as they transform competitive landscapes across industries. Business Model Generation offers you powerful, simple, tested tools for understanding, designing, re-working, and implementing business models.
Written by Alex Osterwalder
Slides designed by Endrigo Ramos
http://businessmodelgeneration.com/book
BUSINESS PLANNING 101: ENTREPRENEURIAL MASTERCLASSTaiwo Adepoju
BUSINESS CONCEPT, BUSINESS IDEA, BUSINESS PLAN, WHY AND HOW OF BUSINESS PLAN, STRATEGIES FOR EFFECTIVELY WRITING A SUCCESSFUL BUSINESS PLAN, BUSINESS DEVELOPMENT PROCESS, BUSINESS PLAN FORMAT
What is a business model and how fulfill a business model canvas. Some example of wellknown companies business model: Coca Cola (glass bottle!), Financial Times, LinkedIn, Groupon, Twitter, Facebook, Blockbuster and Google.
Finally community business model (geographically based, professional and online communities) and what is a business plan and how is diverse from a business model.
The Business Model Canvas was proposed by Alexander Osterwalder. Business Model Canvas helps lean advocates to develop new or document existing business models.
Title: Developing an effective business model
chapter: 6
Book: Entrepreneurship successfully launching new ventures
Author: Bruce R. Barringer
Edition: 4th
Presenter: Fahim Hassan, Md. Sadid Uddin, Md. Hafizur Rahman, Md. Shahalam Khan, Tanveer Al Jamee
University: University of Dhaka
Department: Finance
Degree: B.B.A.
Batch: 19th
Section: B
I made this presentation because I was having this one question in mind for many days First step of any Business is designing an exceptional Business Model,I hope it help you in solving your doubts.Thank You.
Business Model Generation (Alex Osterwalder)Endrigo Ramos
Systematically understand, design & differentiate your business model.
Disruptive new business models are emblematic of our generation. Yet they remain poorly understood, even as they transform competitive landscapes across industries. Business Model Generation offers you powerful, simple, tested tools for understanding, designing, re-working, and implementing business models.
Written by Alex Osterwalder
Slides designed by Endrigo Ramos
http://businessmodelgeneration.com/book
BUSINESS PLANNING 101: ENTREPRENEURIAL MASTERCLASSTaiwo Adepoju
BUSINESS CONCEPT, BUSINESS IDEA, BUSINESS PLAN, WHY AND HOW OF BUSINESS PLAN, STRATEGIES FOR EFFECTIVELY WRITING A SUCCESSFUL BUSINESS PLAN, BUSINESS DEVELOPMENT PROCESS, BUSINESS PLAN FORMAT
What is a business model and how fulfill a business model canvas. Some example of wellknown companies business model: Coca Cola (glass bottle!), Financial Times, LinkedIn, Groupon, Twitter, Facebook, Blockbuster and Google.
Finally community business model (geographically based, professional and online communities) and what is a business plan and how is diverse from a business model.
The Business Model Canvas was proposed by Alexander Osterwalder. Business Model Canvas helps lean advocates to develop new or document existing business models.
This talk was delivered on 15th September (Engineers Day) at BML Munjal University. It covers differences between invention, innovation, entrepreneurship, and startup. It discussed innovation landscape, types of innovation, and three important types of innovation in today's world. Innovator's method and innovators skills are also provided.
In Entrepreneurship section, who are entrepreneurs, types of entrepreneurs, entrepreneurial mindset and effectual thinking are discussed. Future of organization is discussed briefly along with why its necessary to learn entrepreneurship. Idea to launch (#flow_with_ramesh), why startup fails (#flow_with_ramesh), are you a startup kid? (#flow_with_ramesh) And challenges of entrepreneurship are discussed. In the end, what three interesting things you can do from learning, mentors, and work is discussed. Lastly, I describe my experiences with innovation and entrepreneurship is discussed.
Part One of Entrepreneurship Lecture Notes on Students Enterprise Club at www.studentsenterpriseclub.com.
This is a Study guide for intending Entrepreneurs.
As per PTU's Syllabus B.Com, Unit No. 1: Introduction to Entrepreneur, Entrepreneurship and Enterprise .Importance and relevance of the entrepreneur - Factors influencing entrepreneurship - Pros and Cons of being an entrepreneur - Challenges of women Entrepreneurs - Types of Entrepreneurs - Characteristics of a successful entrepreneur. - Entrepreneurial competencies – Factors affecting entrepreneurial growth – Role of entrepreneur in economic Development.
Business Model Generation is a comprehensive guide to building innovative business models. From empathizing & connecting with customers to finding inspiration for products & learning from some of today’s most game-changing platforms, these blinks will help to kick-start the business thinking.
Overcome the challenges of business model design, generation, and reinvention by working through five critical stages:
1. Formulating your business model canvas. Consider how your organization will create, deliver, and capture value. Begin crafting a blueprint for how your strategy will be implemented that includes considerations for your customers, offers, infrastructures, and financial viability.
2. Understanding business model patterns. Look to other successful business models to find inspiration and deepen your understanding of the dynamics of your own approach.
3. Honing the design of your business model. Evaluate the tools and techniques of design that can help you envi¬sion possibilities, extend the boundaries of your thought, and create value for your customers.
4. Reinterpreting your strategy through the lens of your business model. Question the intricacies of established business models and how they function in terms of the context, drivers, and constraints of your business model environment.
5. Unifying the concept, tools, and techniques to make your model a success. Adapt your approach to business model design so you can overcome obstacles, achieve your critical success factors, and satisfy the needs of your organization
To begin our exploration of entrepreneurship and the environment
To distinguish between business and social entrepreneurs
To distinguish between entrepreneurs and small-business owners
To explain the importance of entrepreneurs for economic growth
To examine the historical development of entrepreneurs and of entrepreneurship
To define entrepreneurship and explore the major schools of entrepreneurial thought
To realise that entrepreneurship is a pathway to freedom
The Future of Startups: Disciplined Entrepreneurship #FutureOf #startups #ent...Marius Ursache
An introduction to the Disciplined Entrepreneurship framework created by Bill Aulet, the Managing Director of the Martin Trust Center for MIT Entrepreneurship, and used by thousands of startups around the world.
This talk was delivered on 15th September (Engineers Day) at BML Munjal University. It covers differences between invention, innovation, entrepreneurship, and startup. It discussed innovation landscape, types of innovation, and three important types of innovation in today's world. Innovator's method and innovators skills are also provided.
In Entrepreneurship section, who are entrepreneurs, types of entrepreneurs, entrepreneurial mindset and effectual thinking are discussed. Future of organization is discussed briefly along with why its necessary to learn entrepreneurship. Idea to launch (#flow_with_ramesh), why startup fails (#flow_with_ramesh), are you a startup kid? (#flow_with_ramesh) And challenges of entrepreneurship are discussed. In the end, what three interesting things you can do from learning, mentors, and work is discussed. Lastly, I describe my experiences with innovation and entrepreneurship is discussed.
Part One of Entrepreneurship Lecture Notes on Students Enterprise Club at www.studentsenterpriseclub.com.
This is a Study guide for intending Entrepreneurs.
As per PTU's Syllabus B.Com, Unit No. 1: Introduction to Entrepreneur, Entrepreneurship and Enterprise .Importance and relevance of the entrepreneur - Factors influencing entrepreneurship - Pros and Cons of being an entrepreneur - Challenges of women Entrepreneurs - Types of Entrepreneurs - Characteristics of a successful entrepreneur. - Entrepreneurial competencies – Factors affecting entrepreneurial growth – Role of entrepreneur in economic Development.
Business Model Generation is a comprehensive guide to building innovative business models. From empathizing & connecting with customers to finding inspiration for products & learning from some of today’s most game-changing platforms, these blinks will help to kick-start the business thinking.
Overcome the challenges of business model design, generation, and reinvention by working through five critical stages:
1. Formulating your business model canvas. Consider how your organization will create, deliver, and capture value. Begin crafting a blueprint for how your strategy will be implemented that includes considerations for your customers, offers, infrastructures, and financial viability.
2. Understanding business model patterns. Look to other successful business models to find inspiration and deepen your understanding of the dynamics of your own approach.
3. Honing the design of your business model. Evaluate the tools and techniques of design that can help you envi¬sion possibilities, extend the boundaries of your thought, and create value for your customers.
4. Reinterpreting your strategy through the lens of your business model. Question the intricacies of established business models and how they function in terms of the context, drivers, and constraints of your business model environment.
5. Unifying the concept, tools, and techniques to make your model a success. Adapt your approach to business model design so you can overcome obstacles, achieve your critical success factors, and satisfy the needs of your organization
To begin our exploration of entrepreneurship and the environment
To distinguish between business and social entrepreneurs
To distinguish between entrepreneurs and small-business owners
To explain the importance of entrepreneurs for economic growth
To examine the historical development of entrepreneurs and of entrepreneurship
To define entrepreneurship and explore the major schools of entrepreneurial thought
To realise that entrepreneurship is a pathway to freedom
The Future of Startups: Disciplined Entrepreneurship #FutureOf #startups #ent...Marius Ursache
An introduction to the Disciplined Entrepreneurship framework created by Bill Aulet, the Managing Director of the Martin Trust Center for MIT Entrepreneurship, and used by thousands of startups around the world.
Business Model is the basis of en antrepreneurial success. With this training or consulting support, you will be able to visualize the key components of your business model ans build your strategy.
Stop Pushing Sales! Focus on the Art and Science of Revenue Conversion Carpedia Consulting
We have just completed an assignment for an international systems integration company handling super-high value projects in the enterprise space. Essentially a professional services business, this company’s revenue growth was a key area of focus particularly in the area of account management and revenue expansion.
Intro to Product Management and Business Model Canvas (BMC)Mulyadi Oey
A set of slides that I had used to describe what Product Management in general is and how to utilize Business Model Canvas (BMC) to help organizations / startups in finding their product-market fit.
This presentation describes the things that entrepreneur needs in order to start a business and run it successfully. In addition it also talks about MICHAEL PORTERS FIVE FORCES in detail.
Don Tapscott's New Solutions for a Connected Planet - MaRS Global LeadershipMaRS Discovery District
In this new age of networked intelligence, collaborative communities are enhancing and even bypassing crumbling institutions. We are innovating the way our financial institutions and governments operate; how we educate our children; how the healthcare, newspaper, and energy industries serve their customers; how we care for our neighbourhoods; and even how we solve global problems.
From his latest book, (co-author Anthony D. Williams) Macrowikinomics: New Solutions for a Connected Planet, Don Tapscott presents groundbreaking innovations from every corner of the globe: how businesses, organizations and individuals alike are using mass collaboration to revolutionize not only the way we work, but how we live, learn, create and care for each other.
SR&ED: What you need to know about the changing landscape - MaRS Best PracticesMaRS Discovery District
The Scientific Research and Experimental Development (SR&ED) tax incentive program provides support in the form of tax credits to groups or individuals conducting scientific research or experimental development in Canada.
Some significant changes are on the way as a result of the last federal budget. See how these new rules could affect you!
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
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Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
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Discover the innovative and creative projects that highlight my journey throu...dylandmeas
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Using Generative AI for Content MarketingChuck Aikens
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
2. Building a Better Business Model
Wednesday, November 4th, 2009
MaRS Discovery District
3. Objectives
There are three key learning objectives for today’s
presentation:
1. Appreciate the importance of clearly defining and
understanding your business model
2. Understand the components of a typical business
model framework
3. Leverage the learning’s from a case study example
and apply and test the concepts with your
businesses
4. What is a Business Model?
“A business model describes the rationale of how an
organization creates, delivers, and captures value”
“Description of means and methods a firm employs to
earn the revenue projected in its plans. It views the
business as a system and answers the question, "How
are we going to make money to survive and grow?"
“The architecture for the product, service and information
flows.”
5. Why is this an important discussion?
• A lot of companies, early or later stage, assume that having
an interesting product or service will simply “sell itself”
• Without a roadmap and an understanding of how your
business will make money and how you will operate…what
do you have?
“A potentially great product or
service…not a business”
6. Why Business Models Matter…
Company
• Pets.com was a short-lived online business that sold
pet accessories and supplies direct to consumers over
the Internet
Model
• Discount direct-to-consumer sales of pet supplies
Results
• Successful marketing and advertising
• Uncertain market size; limited market research
• Lost money on nearly every sale
• Went from an IPO (Nasdaq) to liquidation in 268
days
• In June 2008, CNET named Pets.com as one of the
greatest dotcom disasters in history
7. Why Business Models Matter…
Company
• Twitter is a free social networking and micro-
blogging service
Model
• Twitter has a number of “experiments” in progress
that could turn into revenue streams: search,
Ecommerce, marketing, applications, etc.
Results
• Twitter has raised US$157 million from venture
capitalists (~$100M last month)
• Meager revenues through advertising
• Projected to have 18M users by the end of 2009
• Partnered with Microsoft to begin indexing and
offer search functionality to tweets
8. Why Business Models Matter…
Company
• Multinational technology corporation that develops,
manufactures, sells, and supports personal computers
and other computer-related products.
Model
• Combination of direct-to-consumer sales and just-in-
time manufacturing
• Unparalleled success in matching product offerings to
consumer demand
• No R&D investment; not technology innovator
Results
• Gains early access to its partners' most innovative
products and components
• Tests the market using a combination of its web site
and direct-to-consumer sales – to push what comes
next!
9. Business Model Components
Infrastructu Looked at collectively
Offering Customer
re to determine
appropriate business
model to ensure
Financial everything fits
together!
Infrastructure – our core strengths, competencies, and partners
that are necessary to execute the business model
Offering – our products and services that we offer
Customer – who are our customers and how do we get our offering
to them
Financial – how we make money and how we manage our costs
11. Company Snapshot
• Founded in 2002 in Toronto, Ontario by two former
management consultants
• Mission statement was to offer an array of strategic and
tactical operations and supply chain solutions
• Target customers were growth oriented distribution and
product oriented business greater then $250M in revenue
• Started during challenging market conditions
• Tech bubble
• Enron
• September 11th, 2001
• Was “acquired” in 2007 by US firm to make inroads into the
Canadian market
12. Our Infrastructure
Infrastructu
Offering Customer
re
Financial
• Strong strategy and operations background working with Global
1000 companies throughout North America
• Strong understanding of competitors and key differentiation
opportunities
• Relatively good connections and network
• Warm customer pipeline
• Two person “show” therefore recognized challenges around
implementation or large scale projects
13. Our Offering
Infrastructu
Offering Customer
re
Financial
• Initial offering was focused on consulting opportunities with
“warm” clients
• Focused on operational assessments, supply chain strategy,
network modeling, strategic sourcing and procurement, and
organizational design
• Typically short engagements – two to three month strategy
projects
• Offering delivery model attempted to minimize time and cost of
sales
• Limited implementation capabilities
14. Our Customers
Infrastructu
Offering Customer
re
Financial
• Customer acquisition was driven nearly entirely by our existing
connections and rolodex
• Limited “cold calling”
• Focus was on repeat sales with existing customers; build strong
relationships with key decision makers within each customer
• Not a transactional relationship – focus on partnering and
supporting our customers achieve their goals
• High degree of focus on customer satisfaction, testimonials,
referrals, etc.
15. Our Financials
Infrastructu
Offering Customer
re
Financial
• Project-based work, both hourly and fixed fee
• Traditional consulting model
• Careful management of costs
16. Refining the Business Model
Continuously asked
Infrastructu
Offering Customer ourselves questions…
re
Financial
1. How can we expedite and expand our presence in the
marketplace?
2. Are there solutions that we develop for one customer that we can
leverage for others (reduce cost of delivery)
3. How can we acquire more customers and maintain longer
relationships with existing customers?
4. Are there any creative revenue models we should consider that
would better meet the needs of our customers?
17. Expedite Growth
1. How can we expedite and expand our presence in
the marketplace?
Where we were… Where we are going…
• No distribution partner • Two main distribution
partners
• No business • Leverage “connectors”
development support
• Team of two • Build team
So what?
18. Leverage Offerings
2. Are there solutions that we develop for one customer that we
can leverage for others (reduce cost of delivery)
Where we were… Where we are going…
• Purely service-based • Technology and service
organization solution
• Unrealized in-house • Confidence to develop other
technology skills technology solutions
So what?
19. Acquire More Customers
3. How can we acquire more customers and maintain longer
relationships with existing customers?
Where we were… Where we are going…
• Traditional fee for service • “Free” assessment to
model define opportunity
• Focused only on client • Leverage “hall pass” and
sponsor relationship build multiple relationships
So what?
20. Creative Revenue Models
4. Are there any creative revenue models we should consider
that would better meet the needs of our customers?
Where we were… Where we are going…
• Traditional project-based • Mixed model? License
fee for service model technology? Keep it
combined with service
offering?
So what?
21. Why Business Models Matter
Over a 12 month period…
1. Doubled the size of our team
2. Enhanced our offering to include both a technology
and service
3. Developed strategic sales and distribution
partnerships with two leading organizations
4. Offered a defined “freemium” solution with a 2 to 3
week “investment” to define the work
So What?
Increased sales funnel value by 300%, increased revenues
by 300%, and increased profit / free cash flow by 400%
The trend continued!
22. Summary
1. Appreciate the importance of clearly defining and
understanding your business model
- Look smart and confident about your business!
- How can you improve if you don’t know how your operate
today?
- How can you clearly articulate your competitive
differentiation?
- Why will your model work if its failed for others in the
past? (e.g. pets.com)
Once you have drafted all the elements of your business model,
map it out to help you see whether it all fits together
23. Summary
2. Understand the components of a typical business
model framework
Infrastructure – our core strengths, competencies, and partners
that are necessary to execute the business model
Offering – our products and services that we offer
Customer – who are our customers and how do we get our offering
to them
Financial – how we make money and how we manage our costs
3. Using a case study example, apply and test the
concepts with your businesses