WHAT'S YOUR BUSINESS MODEL?
A Business Model is "How you plan to make money from your Products and Services"
Watch this brief two minute video for an overview...
WE ARE TRIALLING A NEW BUSINESS MODEL WITH OFFSHORE DEVELOPERS, SO APOLOGIES FOR OUR POOR WEBSITE. IT'S COST US UNDER $200 SO FAR, AND IT"S BEING DEVELOPED LIVE. CHECK BACK REGULARLY FOR NEW DEVELOPMENTS! THANKS!
KEY BENEFITS OF GREAT BUSINESS MODELS
1. Define and Leverage Your Unique Value Proposition
2. Build and Maintain Competitive Advantage
3. Target Your Key Customer Segment
4. Financial Stability
5. Plan for Growth
YOU NEED A BUSINESS MODEL
Many business owners confuse the Business Model with a Business Plan, so here's the flow of works:
1. BUSINESS MODEL - Defines the Problem, Your Solution, Your Unique Value Proposition and Your Target Customer Segment
2. BUSINESS PLAN - Describes the steps you need to take to achieve your model
3. BUSINESS STRATEGY - Details how you will execute your plan
There are 9 Key Elements in the Business Model, all displayed on One Page with the Business Model Canvas.
At 1pg, we have further developed the Business Model to include 5 additional key components:
- Market Problem – What are the Top 3 Problems we are fixing?
- Our Solution – What are the Top 3 Features of our Service?
- Unfair Advantage – What Competitive Advantage do we have?
- Advisors – Who are our Mentors?
- Key Metrics – What will we Monitor?
Once these have been developed and refined, the information is then transferred through to the Unique Value Proposition Canvas in order to ascertain: What are the Customer’s Needs, What are the Customer’s Pains, and What is the Job that the Customer needs doing. Only once all of these have been clarified, we can move away from designing products and services which are developed just on internal technical capabilities, but can we truly have a deep understanding of our market needs, and cater specifically for them.
So, are you ready to take your business to the next level? If so, please get in contact with us, to arrange a dynamic Business Model Workshop where we pin-point areas ripe for improvement, and make the step-change required in order to stay ahead of the competition in this rapidly changing market.
THE DESIGN LOOP
The Design Loop is a new concept developed by the team at Design A Better Business (DABB). It’s a cycle of innovation and continuous improvement. Here’s DABB’s take on The Design Loop…
Since 2001 our driving force has been a passion for providing solutions to problems. Our Mission is to deliver maximum value to people and business. Our team has a wealth of knowledge and experience to serve your needs whether you’re a startup or established.
We are always increasing our knowledge base, making contacts and discovering cutting edge information sources. Here you can find helpful information regarding personal and professional development, business and thought leadership.
19 Oct 16
1pg is proud to join YB12 Coach as a Business Advisor. Nige Austin said “We’re pleased to establish a close working relationship with the YB12 Group and look forward to adding value to people and business.
Phone: +61 (0) 434 705 803
13 Columbus Drive, Hollywell, Gold Coast QLD Australia 4216