Building BUSINESS MODELS

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BUILDING YOUR BUSINESS MODEL

Creating, Delivering and Capturing Business Value

The Business Model Canvas, developed by

Alexander Osterwalder⁠

, is a visual template used for developing new business models or changing existing ones. The canvas creates a shared language of the 9 basic building blocks or elements that show how a company intends to make money. It is considered a blueprint for the strategy to be implemented through organisational structures, processes and systems.

DEFINITION OF BUSINESS MODEL

A business model describes the rational of how an organisation creates, delivers and captures value.

The Business Model Canvas has been applied and tested around the world and is successfully in use in most organisations and have been widely adopted.

The visual framework and the building block concept allows you to easily describe and design business models to create new strategic alternatives.

Building Models to evolve your strategy can help you make changes needed as well as (re)discover opportunities.

Five Elements you need to focus on:

Why do you do what you do and what you believe in

POSITIONING: What makes you unique compared to others?

BUSINESS MODEL: How you create value and make money?

PRODUCTS/SERVICES: What you sell to your customers?

INNOVATION: What/How novel experience you may offer?

Without such a Birdseye view it is difficult to systematically challenge assumptions about one’s or competitor’s business model and innovate successfully.

Start with the Customer Value Proposition Design and then work on the 9 building blocks of the business model. You could alternatively go through some of the youtube video references before diving into

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Designing the Customer Value Proposition⁠

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The 9 Building Blocks⁠

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YouTube Video References

Strategyzer You Tube Channel

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Ep 1 - Getting From Business Idea to Business Model 🌟 New in 2024 - Special Offer: 25% Discount on Strategyzer's Self-Paced Online Courses! 🌟 🔥 Use Coupon Code: Strategyzer25 at Checkout for all courses and bundles! 🔥 🚀 Explore our courses and boost your skills in business modeling, value propositions and testing business ideas: https://www.strategyzer.com/training-programs?tag=Self-Paced+training 📌 How to Redeem: 1. Click on the course link. 2. Move to checkout page. 3. Use Coupon Code: Strategyzer25 during checkout in coupon code box for a 25% discount. Don't miss out on this exclusive opportunity to enhance your business knowledge! Act fast, as this offer is for a limited time only. 🎓✨ Getting From Business Idea to Business Model Watch the story of Beth, Carl, and an idea they believed could become a great business. Presented by Strategyzer Academy -- https://strategyzer.com/ & the Kauffman Foundation -- http://www.kauffman.org/ Strategyzer's online courses are available at: https://www.strategyzer.com/training/courses Get notifications about upcoming webinars, masterclasses and more: https://www.strategyzer.com/notify-me www.youtube.com⁠

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Ep 2 - Visualizing Your Business Model Visualizing Your Business Model Learn about the business model canvas, a visual tool to craft powerful business models. 🌟 New in 2024 - Special Offer: 25% Discount on Strategyzer's Self-Paced Online Courses! 🌟 🔥 Use Coupon Code: Strategyzer25 at Checkout for all courses and bundles! 🔥 🚀 Explore our courses and boost your skills in business modeling, value propositions and testing business ideas: https://www.strategyzer.com/training-programs?tag=Self-Paced+training 📌 How to Redeem: 1. Click on the course link. 2. Move to checkout page. 3. Use Coupon Code: Strategyzer25 during checkout in coupon code box for a 25% discount. Don't miss out on this exclusive opportunity to enhance your business knowledge! Act fast, as this offer is for a limited time only. 🎓✨ Presented by Strategyzer Academy -- https://strategyzer.com/ & the Kauffman Foundation -- http://www.kauffman.org/ Strategyzer's online courses are available at: https://www.strategyzer.com/training/courses Get notifications about upcoming webinars, masterclasses and more: https://www.strategyzer.com/notify-me www.youtube.com⁠

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Ep 3 - Prototyping Prototyping Avoid falling in love with your first idea, and learn how to prototype multiple business model options. 🌟 New in 2024 - Special Offer: 25% Discount on Strategyzer's Self-Paced Online Courses! 🌟 🔥 Use Coupon Code: Strategyzer25 at Checkout for all courses and bundles! 🔥 🚀 Explore our courses and boost your skills in business modeling, value propositions and testing business ideas: https://www.strategyzer.com/training-programs?tag=Self-Paced+training 📌 How to Redeem: 1. Click on the course link. 2. Move to checkout page. 3. Use Coupon Code: Strategyzer25 during checkout in coupon code box for a 25% discount. Don't miss out on this exclusive opportunity to enhance your business knowledge! Act fast, as this offer is for a limited time only. 🎓✨ Presented by Strategyzer Academy -- https://strategyzer.com/ & the Kauffman Foundation -- http://www.kauffman.org/ Strategyzer's online courses are available at: https://www.strategyzer.com/training/courses Get notifications about upcoming webinars, masterclasses and more: https://www.strategyzer.com/notify-me www.youtube.com⁠

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Ep 4 - Navigating Your Environment Navigating Your Environment Map the environment in which your business model will fight for survival. 🌟 New in 2024 - Special Offer: 25% Discount on Strategyzer's Self-Paced Online Courses! 🌟 🔥 Use Coupon Code: Strategyzer25 at Checkout for all courses and bundles! 🔥 🚀 Explore our courses and boost your skills in business modeling, value propositions and testing business ideas: https://www.strategyzer.com/training-programs?tag=Self-Paced+training 📌 How to Redeem: 1. Click on the course link. 2. Move to checkout page. 3. Use Coupon Code: Strategyzer25 during checkout in coupon code box for a 25% discount. Don't miss out on this exclusive opportunity to enhance your business knowledge! Act fast, as this offer is for a limited time only. 🎓✨ Presented by Strategyzer Academy -- https://strategyzer.com/ & the Kauffman Foundation -- http://www.kauffman.org/ Strategyzer's online courses are available at: https://www.strategyzer.com/training/courses Get notifications about upcoming webinars, masterclasses and more: https://www.strategyzer.com/notify-me www.youtube.com⁠

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Ep 5 - Proving It Proving It Test all aspects of your business model to find out whats works, what doesn't, and what needs to change. 🌟 New in 2024 - Special Offer: 25% Discount on Strategyzer's Self-Paced Online Courses! 🌟 🔥 Use Coupon Code: Strategyzer25 at Checkout for all courses and bundles! 🔥 🚀 Explore our courses and boost your skills in business modeling, value propositions and testing business ideas: https://www.strategyzer.com/training-programs?tag=Self-Paced+training 📌 How to Redeem: 1. Click on the course link. 2. Move to checkout page. 3. Use Coupon Code: Strategyzer25 during checkout in coupon code box for a 25% discount. Don't miss out on this exclusive opportunity to enhance your business knowledge! Act fast, as this offer is for a limited time only. 🎓✨ Presented by Strategyzer Academy -- https://strategyzer.com/ & the Kauffman Foundation -- http://www.kauffman.org/ www.youtube.com⁠

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Ep 6 - Telling Your Story Telling Your Story Pitch your business model in a clear, simple, and compelling way. 🌟 New in 2024 - Special Offer: 25% Discount on Strategyzer's Self-Paced Online Courses! 🌟 🔥 Use Coupon Code: Strategyzer25 at Checkout for all courses and bundles! 🔥 🚀 Explore our courses and boost your skills in business modeling, value propositions and testing business ideas: https://www.strategyzer.com/training-programs?tag=Self-Paced+training 📌 How to Redeem: 1. Click on the course link. 2. Move to checkout page. 3. Use Coupon Code: Strategyzer25 during checkout in coupon code box for a 25% discount. Don't miss out on this exclusive opportunity to enhance your business knowledge! Act fast, as this offer is for a limited time only. 🎓✨ Presented by Strategyzer Academy -- https://strategyzer.com/ & the Kauffman Foundation -- http://www.kauffman.org/ Strategyzer's online courses are available at: https://www.strategyzer.com/training/courses Get notifications about upcoming webinars, masterclasses and more: https://www.strategyzer.com/notify-me www.youtube.com⁠

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DEFINITION OF BUSINESS MODEL

Five Elements you need to focus on:

YouTube Video References

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