Burn Your Business Plan : : WordCamp Edmonton 2013

19497c940b48ed4b535205cec31a0ee7?s=47 nickkeyko
November 15, 2013

Burn Your Business Plan : : WordCamp Edmonton 2013

An introduction to Business Model Generation

19497c940b48ed4b535205cec31a0ee7?s=128

nickkeyko

November 15, 2013
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Transcript

  1. Burn Your Business Plan

  2. Images: Alexander Osterwalder

  3. Images: Alexander Osterwalder

  4. Images: Alexander Osterwalder

  5. Images: Alexander Osterwalder “Our age of anxiety is the result

    of trying to do today’s jobs with yesterday’s tools.” ! - Marshall McLuhan
  6. “No business plan survives the first contact with customers!” !

    - Steve Blank
  7. Outcome: ! Change the way you think about business planning

    and strategy. 1
  8. Business model: ! describes how an organization creates, delivers, &

    captures value
  9. Outcome: ! Provide you with the tools needed to change

    the way you do business. 2
  10. Business Model Canvas: ! a visualization of your business model

  11. Business Model Generation www.businessmodelgeneration.com

  12. ! ! ! ! ! ! ! ! ! !

    ! > SWOT Analysis > Marketing & Sales > Financial Projections > Market Analysis > Operations > Empathize > Define > Ideate > Prototype > Test Business Strategy Design Thinking Business Model Generation
  13. Business Model Generation > Business Model Canvas > Patterns >

    Design > Strategy > Process
  14. None
  15. Building blocks of a business model: 9

  16. CUSTOMER SEGMENTS images by JAM People you’re creating value for.

  17. VALUE PROPOSITIONS images by JAM Products or Services that create

    value for your customers.
  18. CHANNELS images by JAM How you interact & deliver value.

  19. CUSTOMER RELATIONSHIPS images by JAM Types of relationships you have

    with your customers.
  20. REVENUE STREAMS images by JAM How you capture the value.

  21. KEY RESOURCES images by JAM Assets that are indispensable.

  22. KEY ACTIVITIES images by JAM What you really need to

    perform.
  23. KEY PARTNERS images by JAM Who can help you leverage

    your business model.
  24. COST STRUCTURE images by JAM What it costs to deliver

    your value.
  25. images by JAM customer segments key partners cost structure revenue

    streams channels customer relationships key activities key resources value proposition images by JA customer segments key partners cost structure revenue streams channels customer relationships key activities key resources value proposition customer segments customer relationships value proposition images by JAM customer segments key partners cost structure revenue streams channels customer relationships key activities key resources value proposition images by JAM customer segments revenue streams channels customer relationships ey es key ces value proposition customer segments revenue streams channels customer relationships key ies key rces value proposition
  26. Best Practices for using the business model canvas: 6

  27. You can start with any building block. 1

  28. Avoid writing on the canvas. 2 Use Post-it notes!

  29. Never use bullet points. Ever. 3 • blah • blah

    • blah • blah • blah • blah • blah • blah • blah • blah • blah • blah
  30. Instead, use 1 or 2 words per post-it. 3 RETAIL

  31. Don’t get held up by too much blah, blah, blah.

    - Just start! 4
  32. Avoid too much detail. 5 Our main customer segment is

    new, young mothers; aged 25-35; living in Edmonton; with 2 cars; 1 dog; and maybe a cat!
  33. Be precise for every building block. - We are looking

    at the big picture! 6
  34. You can start with any block. 1 2 3 4

    5 6 Don’t write on the canvas - use post-it notes. Never use bullet points. Instead, use 1 or 2 clear words. Don’t get held up by too much blah, blah, blah - just start! Avoid going into too much detail. Be precise for every building block.
  35. An Example: ! Nespresso’s Business Model

  36. KEY PARTNERS KEY ACTIVITES VALUE PROPOSITION CUSTOMER RELATIONSHIPS CUSTOMER SEGMENTS

    KEY RESOURCES CHANNELS REVENUE STREAMS COST STRUCTURE NESPRESSO POD SYSTEM MACHINE MANUFACTURER OFFICES JOINT VENTURE WITH MANUFACTURER Failed PATENTS
  37. KEY PARTNERS KEY ACTIVITES VALUE PROPOSITION CUSTOMER RELATIONSHIPS CUSTOMER SEGMENTS

    KEY RESOURCES CHANNELS REVENUE STREAMS COST STRUCTURE HOUSEHOLDS AQUIRE & LOCK-IN RETAIL NESPRESSO MACHINES BRAND PATENTS MARKETING MACHINE MANUFACTURER MARKETING & BRANDING 1 X MACHINE SALES PRODUCTION REPETITIVE POD SALES NESPRESSO WEBSITE MAIL & CALL CENTRE NESPRESSO STORES DIRECT B2C DISTRIBUTION PRODUCTION DISTRIBUTION CHANNELS COFFEE PRODUCTION FACILITES COFFEE GROWERS B2C DISTRIBUTION NESPRESSO PODS
  38. Increased price per gram of coffee by 600% - 800%

    $
  39. Average growth of 30% p.a. since 2000 $

  40. Global sales of over $3.8 billion $

  41. Still one of Nestlé’s fastest growing brands $

  42. The same technology, product, or service can have many different

    business models.
  43. The right business model can be the difference between success

    & failure for the same product.
  44. Outcome: ! Change the way you think about business planning

    and strategy. 1
  45. 1

  46. Business model: ! describes how an organization creates, delivers, &

    captures value
  47. Outcome: ! Provide you with the tools needed to change

    the way you do business. 2
  48. Business Model Generation 2 www.businessmodelgeneration.com

  49. Business Model Canvas 2

  50. Nick Keyko @nickkeyko nick@liftinteractive.com

  51. Acknowledgements • Alex Osterwalder • www.businessmodelgeneration.com • IDEO & Design

    Thinking • Eric Ries & Lean Startup www.businessmodelgeneration.com