Ideas to Catch up to BMC - Business Model Innovation Hub2024-03-29T00:39:33Zhttp://businessmodelhub.com/forum/topics/ideas-to-catch-up-to-bmc?commentId=2478825%3AComment%3A306377&x=1&feed=yes&xn_auth=noMike
thx this is very helpfu…tag:businessmodelhub.com,2016-10-20:2478825:Comment:3063772016-10-20T12:45:51.892ZThomas Noonhttp://businessmodelhub.com/profile/ThomasNoon
<p>Mike</p>
<p></p>
<p>thx this is very helpful- I think I'll have a continuous improvement process on my hands - right now my head is stuck half way between the old style business model and start up and the frankly more satisfying lean start-up and BMG models. I am in Alpha Cohort stage while building my web backbone, this allows me to test my assumptions on importance of features and perceived benefits against real live CEOs who give me feedback.</p>
<p>Again thx for your graceful reply!</p>
<p>Mike</p>
<p></p>
<p>thx this is very helpful- I think I'll have a continuous improvement process on my hands - right now my head is stuck half way between the old style business model and start up and the frankly more satisfying lean start-up and BMG models. I am in Alpha Cohort stage while building my web backbone, this allows me to test my assumptions on importance of features and perceived benefits against real live CEOs who give me feedback.</p>
<p>Again thx for your graceful reply!</p> Hi Thomas, a few comments:
St…tag:businessmodelhub.com,2016-10-19:2478825:Comment:3062112016-10-19T21:33:59.039ZMike Lachapellehttp://businessmodelhub.com/profile/MikeLachapelle
<p>Hi Thomas, a few comments:</p>
<p>Steve Blank's Startup Owner's Manual - Steve is very clear this book was never intended to be read straight through. It was designed like a car owner's manual. There are some introductory sections that are important to read at the start. Most of the book though is intended as a reference book to be used when you are working on a specific subject, or encounter a particular problem you need help figuring out.</p>
<p>The BM canvas is constructed with three key…</p>
<p>Hi Thomas, a few comments:</p>
<p>Steve Blank's Startup Owner's Manual - Steve is very clear this book was never intended to be read straight through. It was designed like a car owner's manual. There are some introductory sections that are important to read at the start. Most of the book though is intended as a reference book to be used when you are working on a specific subject, or encounter a particular problem you need help figuring out.</p>
<p>The BM canvas is constructed with three key areas. The right side of the canvas (CS, VP, CR and CH) are the front stage, customer facing component of the business. The left side of the canvas (KA, KR and KP) is the back stage or infrastructure of the canvas. The bottom or foundation of the canvas (R$ and C$) are the sustainability-profitability area of the canvas.</p>
<p>These areas are meant to address the value you deliver that is important to your customers and how you deliver it, the elements you need to create the value, and the value you capture back from your customers to make the business sustainable.</p>
<p>Lean Startup and MVP - To be clear on the term MVP, it is not about having the minimum set of features or code that allows you to go to market. In the Lean Startup world MVP means building only as much as you need to test your hypotheses. For example, if you want to test interest, building a landing page that provides information and asks people to provide information and/or signup, is an MVP. Even though it has nothing to do with your actual product, it is building only as much as you need to test the interest level of your potential customers.</p>
<p>Hope these thoughts help</p>