"discalimer - this is a very cursory explanation of a process with many steps
The use of the canvas is really contingent upon how clear you are on what you want to do.
The first challenge you have to face is often identified as the problem solution…"
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When to start using the business model approach?
Started this discussion. Last reply by Mike Lachapelle May 8, 2012. 6 Replies 0 Likes
Hi All,I am currently brainstorming some small business ideas however am unsure when and how to apply the Business Model concepts.I have read from others here that the Business Model canvas can be…Continue
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Mike Lachapelle replied to Spark N Launch's discussion When to start using the business model approach?
Spark N Launch replied to Spark N Launch's discussion When to start using the business model approach?"Okay. Maybe some examples would help.
So if I have an idea (a website to sell widgets) - can I use the canvas? Then speak to potential customers etc to fill in the gaps and evaluate if the idea has any value?
If I don't have an idea, but…"
Ian Perry replied to Spark N Launch's discussion When to start using the business model approach?"It actually depends on your startup’s product or service offers. For instance, if you are an online media startup or focusing on software and web services, the typical business model choice will be advertising or direct monetization.
One…"
Spark N Launch replied to Spark N Launch's discussion When to start using the business model approach?"Thanks for the responses. Having looked at the CDM I am a little confused as I don't think it simplifies things - it just adds another dimension.
Would you utilise the BMC and CDM during an early startup evaluation session? Would elements…"
Mike Lachapelle replied to Spark N Launch's discussion When to start using the business model approach?"As Tim suggests, the Customer Development Model provides a very supportive process for launching new businesses. In its simplest expression CDM separates the search for a repeatable and scalable model (startup) from the execution of that model…"
Tim Lattham replied to Spark N Launch's discussion When to start using the business model approach?"I'd suggest using the BMC as early as you can. You can really capture as "high level" or as detailed information as you want and as is appropriate so I would imagine that creating a BMC for each of your ideas would be an hour…"
Spark N Launch posted a discussionWhen to start using the business model approach?
Hi All,I am currently brainstorming some small business ideas however am unsure when and how to apply the Business Model concepts.I have read from others here that the Business Model canvas can be effective for small businesses, especially those that have already started. What about those still to start?When do you start using the canvas? For example, we have three ideas we wish to evaluate. Is now too soon? Would we benefit from using another approach to evaluating and early testing out…See More
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