As promised. I’m bringing you a brief overview of business models (that detailed blue print of your Vision Plan). Business Models are a great tool for creating the road map for your success in a single, easily adjustable plan. You can configure the elements in any order. You can change different elements of the business model without totally starting from scratch.
Business Model Elements
Target Customer Segments
Who are your ideal customers? Who are you creating value for?
How is your business set up to drive value (i.e. value chain - linear, value shop, value network)
How will you execute and get your product/ Solution out?
What are the expenses to execute your business model?
What are the sources of revenue that will cover those expenses?
What type of relationships do you currently have with your customers? What relationships are expected and how can you improve them? Add in 'Customer Delights'
Who are the businesses that are needed for executing your service or solution? (Your business ecosystem)
What unique skills/components of your business that contribute to your value creation solution, and cannot be easily imitated by competitors?
What irresistible offering you will provide for your customers?
Business models are meant to flow with your business and change or tweak based on the influences of the environment, industry, strategy change, etc. I recently had to change my straight B2B solutions in order to accommodate changes in my family life that I could not predict or control. Luckily I only had to tweak my revenue streams and slightly change my value proposition to reflect the new model. Having the business model made it easier than having to sift through a full business plan and figure out what to change.
Ready to get started on your new Business Model? Head on over to my shop to find what you need to get it done.