All Blog Posts (589)

Customer Growth Hacking for Lean Startups: How Silicon Valley is Creating Billion Dollar $tartups

***

Traditional Business Planning theories and tools are becoming obsolete. Traditional Business Planning theories and tools are not keeping pace with the high rate of change and innovation in the startup world. Many startups are no longer using traditional business plans. Many startups do not formally start with applying Porter's Competitive Strategy or Value Chain. For the many billion dollar startups that…

Continue

Added by Rod on April 27, 2015 at 5:30pm — No Comments

Customer Growth Hacking (CGH): The First Thing You Need to Know

***

The late Peter Drucker once said, "The purpose of business is to create and keep a customer." How wise!

And what a customer-centric presentation of a business's main goal especially for startups: create and keep customersBut, how can entrepreneurs as well as startups rapidly and inexpensively acquire, retain, and grow customers?

To answer the above question, this article introduces the concept…

Continue

Added by Rod on April 23, 2015 at 7:30pm — No Comments

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…

Continue

Added by pritam on April 17, 2015 at 11:00am — No Comments

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

***

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…

Continue

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

***

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

***

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…

Continue

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…

Continue

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

***

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…

Continue

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:…

Continue

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

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

***

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

***

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…

Continue

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

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

***

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

Rod King

***

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,…

Continue

Added by Rod on March 25, 2015 at 3:00am — 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 …)

***

“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…

Continue

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…

Continue

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…

Continue

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…

Continue

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.…

Continue

Added by Rod on February 21, 2015 at 7:15pm — 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…

Continue

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…

Continue

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…

Continue

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

First shot at a social business model

Learned there needs to be sort of evolution:

  • First of all visualize what I have in mind - to get some insight in the big picture
  • Then use the Lean Start-up Canvas - to guide experiments and defining the real problems to solve
  • Followed by the BMC to iterate and investigate the eventual Business Model and keep innovating.

So here we go, this post shows a first thought of the project I'm trying to launch:…

Continue

Added by Patrick Verdonk on January 26, 2015 at 12:20pm — No Comments

Monthly Archives

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

1999

© 2017   Created by Alex Osterwalder.   Powered by

Badges  |  Report an Issue  |  Terms of Service