All Blog Posts (555)

A Family Owned Business: How to Start Your Own Restaurant

Starting a family restaurant can be a wonderful way to bring your clan together. However, rush in without the right research and your venture could tear your family apart. Read on to discover how to launch a successful family restaurant.

 

Make a Plan

Gather your family members and make a plan for your business. Think carefully about the food you’ll serve and your preferred restaurant style. Consider the dishes you enjoy and the restaurants you frequent. If your…

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Added by pritam on April 17, 2015 at 11:26am — No Comments

To Burn a Business Plan or NOT to Burn a Business Plan? Can You Help Me, Now?

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Dear Colleague,

It would not come as news to many that use of the traditional business plan is steadily declining especially in the world of Lean Startups. 

 

Some advocates in the Lean Startup world have even issued a war cry: “Burn the Business Plan!” But, should the business plan be burned?

Right now, we simply do not know whether the business plan should be burned. We…

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Added by Rod on April 14, 2015 at 5:15pm — No Comments

5 Principles for Radically Improving Your Creativity: The O.T.H.E.R. Loop

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"The art and science of invention can be effectively learned as well as taught." Rod King

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Almost twenty years ago, there was a polarizing argument in the magic (conjuring) community. Some magicians were arguing that invention of magic tricks could be learned but cannot be taught. In other words, learning to invent takes place mainly through tacit knowledge and experiential learning. Other…

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Added by Rod on April 11, 2015 at 10:00pm — No Comments

What Shaka Zulu Can Teach Us About Marketing/Sales

For most solopreneurs, marketing and sales are tough.  By definition a solopreneur hates working with other people.  The idea that you now have to go out, contact them, interact and convince them of your worth is truly painful.  And by go…

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Added by Tim Rudkins on April 7, 2015 at 3:17pm — No Comments

How the Market of Business Model Engines Evolves in the Computing Industry: The 5 Stages

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The computing industry has transformed and continues to transform our lives beyond our wild imaginations. In spite of its transformative power and accelerated rate of change, the computing industry evolves just like other industries as well as living organizations. Products, services, industries, and business models continuously emerge and compete to ideally solve B.U.M.P.S.: Big Urgent Market Problems.

The fractal model of…

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Added by Rod on April 4, 2015 at 7:30pm — No Comments

Certified trainers as a resource

I have moved the list of certified trainers to the Blog Section to keep thin formation accessible to anyone who may wish to link with a resource support.

AustraliaJames King: james@kingsinsight.com

BelgiumMatty Paquay: matty@paquay-group.com ; Bruno Wattenbergh: bwa@abe.irisnet.be

BrazilFabio Nunes:…

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Added by Mike Lachapelle on April 3, 2015 at 1:30pm — No Comments

Lean Business Modeling: Rapidly Visualize, Analyze, and Design Business Models

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"Every system undergoes continuous iteration from the complex through the simple to nothingness while getting its job done. Otherwise, the system dies." Rod King.

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There are two distinct approaches on the spectrum of business modeling: "Fat" Business Modeling and "Lean" Business Modeling. "Fat" Business Modeling includes the first generation of business modeling tools such as Porter's Value…

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Added by Rod on March 31, 2015 at 5:00pm — No Comments

How to Implement Timothy Sykes’s Business Model

Everybody knows this guy. He is famous for turning his bar mitzvah money into $1,65 million by trading penny stocks. But he is even more famous for his investing courses and occasional brawls with other celebrities like Shaquille O’Neal or Justin Bieber. Unfortunately media focuses more on his bachelor lifestyle, than on the business model he used when he became one of the youngest millionaires in the US.

 

Importance of Understanding Current Market…

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Added by James D. Burbank on March 25, 2015 at 7:30pm — No Comments

A New Way to Look at Eric Ries's Vision-Strategy-Product (VSP) Pyramid: The Lean Plan

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“A Lean Plan is the modern vehicle for rapidly translating a vision into reality”

Rod King

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Tucked away in Eric Ries's seminal book, "The Lean Startup," is probably the most important tool in the Lean Startup Methodology. It's on page 23 of “The Lean Startup” and it does not even have a formal name in the book. I and other people have called it,…

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Added by Rod on March 25, 2015 at 3:00am — No Comments

New to Business? Here's What You Need to Know

Starting your own business has always been one of the best ways to prosperity and self-fullfilment. Although in the beginning this would look like a very hard road, full of difficulties and barriers, later when your business stands on its feet you will remember initial difficulties and headaches only as nice and distant memories of all the hard work you invested in your company’s well being. Plus this can be a great story for your kids... Before your decide to follow the crowd and start your…

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Added by James D. Burbank on March 19, 2015 at 5:30pm — No Comments

LEAN STORYBOARDING: Successfully Facilitate Lean Improvement and Innovation Projects

(WARNING: This is a concept paper on the emerging paradigm of Lean Storyboarding. Some readers may find this article unusually long. But …)

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“The Lean Startup isn’t just about how to create a more successful entrepreneurial business; it’s about what we can learn from those businesses to improve virtually everything we do. I imagine Lean Startup principles applied to government programs, to health care, and to solving the world’s greatest…

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Added by Rod on March 16, 2015 at 9:00pm — No Comments

BMC in Ecuador

Hi community. My name is Tamara Tapia, from Ecuador. I'm novice in business model canvas and I have in my hands the challenge of helping a new musical studio in designing its value proposition and its business model. Big challenge since I'm not exactly a musical expert (just a bath singer); so I will share my experience here. Glad to hear any suggestion.

Added by Tamara Tapia on March 9, 2015 at 10:26pm — 1 Comment

5 Steps To Stay On Track With Your Business Goals

If you own a small business, or you plan to start one in the course of this year, then you most certainly have made a rough (or a really detailed) annual business plan, or at the very least, you have put together a list of goals to accomplish by the end of the year. And this of course is all very well and much needed in order to make progress and achieve success in your field. However, as important goal setting is to business and self-development, the tricky part is actually keeping up with…

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Added by Margaret Swanton on March 9, 2015 at 10:00am — No Comments

Lean Startup Snowman for Lean Change & HR Management: Minimize Project Risk and Failure

Living systems including organizations must change or adapt in order to survive as well as grow. However, as we know all too well, change is not easy. In fact, the greater, radical, or more structural the proposed change, the greater the risk of failure. Perhaps, no area demonstrates more failure than the domain of Change Management in business. Large-scale Change Management projects in organizations are notoriously time-consuming and…

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Added by Rod on March 4, 2015 at 6:30pm — No Comments

Six Ways to Add Value to the Business Model Canvas

The business model canvas (“BMC”), proposed by Osterwalder and Pigneur in 2010, is a very powerful toolset to describe and develop business models. Not only does it help understand how a given business works today or may work in the future, it can also be used as the foundation for developing and / or enhancing a company’s operating model, that is, describing its functional landscape, its organizational structure and governance, its deployment of capital, and its…

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Added by Claude Diderich on March 2, 2015 at 5:54pm — No Comments

Business DNA Clock for Investors, Lean Startups, and Product Innovators

*** Why I’m No Longer Using Steve Blank’s Thermometer for the “Investment Readiness Level” ***

On November 25, 2013, Steve Blank wrote in his blog an article, "It’s Time to Play Moneyball: The Investment Readiness Level." I really loved the article especially as it focuses on evidence-based entrepreneurship.…

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Added by Rod on February 21, 2015 at 7:15pm — No Comments

What you need to know about small business finance

Undoubtedly, launching or running a small business is not a cheap endeavor. From investing in inventories to buying new furniture, small business owners need capital to keep their business on right track. However, small business owners have a variety of options in terms of finding a lender. Bank loans are one of most important sources of lending for small businesses when it comes to support or grow their enterprises followed by credit line and personal loans.



Before small business…

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Added by Tim Scott on February 20, 2015 at 11:14am — No Comments

The Model You Need

Let’s assume you – the leader of ‘me.com’ – that is, your organisation, business, or department – are clear on the following, and that you continuously live them and communicate them, AUTHENTICALLY, to your Team, Clients and stakeholders:

  • Your WHY – your PURPOSE and the source of your PASSION
  • Your DIRECTION – what success will look like, and the route you will take, including milestones

Now it’s time to start thinking about your ORGANISATION – how you will…

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Added by Stephen Spencer on February 19, 2015 at 6:52pm — No Comments

How to know if our pricing strategy is appropriate?

In the current scenario of saturated and highly competitive markets, prices conventional policies do not bring the expected results to the income statement, such as calculating costs and adding a mark-up,, or fix our prices depending on the price competition. Maybe in the famous phrase, "only fools confuse value with price", resides one of the keys to why conventional policies no longer have the expected results. The price is an objective variable, marked by a series of mainly…

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Added by Alfredo Fernández on February 16, 2015 at 9:00am — No Comments

BUSINESS DNA PLAYBOOK: 1-Page Visual Summary of the "Business Theory of Everything"

It is estimated that there are over 10,000 books that are published each year. No doubt, there are myriad ideas, theories, and tools in business. However, these business ideas, theories, and tools are fragmented and do not "speak" a common languageSpecialists from different domains struggle to collaborate or speak a common language for business improvement and innovation projects. Consequently, people in business spend a lot of time and money to understand and…

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Added by Rod on January 30, 2015 at 9:30pm — No Comments

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