Question: What is the best way for me to get training and advice on building a business model for my new company but also getting help on the personal side of setting up and running a new business?

Answer: This question often comes up in the development of training programs on entrepreneurship. They are focused upon the operations of the business, such as marketing, finance, administration, and internal processes. But not on their individual and personal aspects of being a successful entrepreneur.

A tool which can help incorporate both personal and business aspects of starting a business might be found in the visual tool known as the business model canvas, and its companion canvas, the personal model canvas. Listed below are the various component of each:

The foundational concept of the business:

STEP 1-THE BUSINESS AND PERSONAL VALUE PROPOSITION
Build the business that solves customer problems and leads to satisfaction through user experience.

 Business Model Canvas and Process               Personal Model Canvas and Process

The Business Value Proposition-What is our promise to the user We solve customer problems through experimentation The Personal Value Proposition-What value do we provide We  provide value through enhanced customer experience


STEP 2-THE ACTIVITIES, PARTNERS AND RESOURCES NEEDED TO DELIVER THE VALUE PROPOSITION
Build the Administrative structure needed to deliver solutions and great user experience simultaneously

Business Model Canvas and Process     Personal Model Canvas and Process

Business Activities

What do we need to accomplish

We are striving to develop an organization to deliver products on time and competitively priced Personal  activities

What we do to build great people

We are building a great company staffed by dedicated people who are trained and motivated to provide excellent service
Business Partners

Who do we affiliate with to build our product quality and our sustainability

We seek to build capabilities that enhance our ability to deliver our products competitively and consistently Personal Partners

Who helps us

We seek relationships that build our capabilities, provide advice and counsel
Business Resources

What financial and other resources do we need to satisfy our customers

We need Financial, Administrative, Marketing and Production staff Personal Resources

Who we are and what you have

We need to build our organization with people who value integrity, truth, and honesty and our dealings with customers, suppliers and staff and our actions must always reflect our commitments to these principles

 

STEP 3-THOSE WE SERVE WE SERVE VIA RELATIONSHIPS, MARKET SEGMENTS AND CHANNELS
Build the business that maintains customer satisfaction with relationships, segment service and channels

Business Model Canvas and Process   Personal Model Canvas and Process

Business Relationships

How you service customer needs

Personal Relationships

How you interact with your clients

Continuous improvement of all phases of customer interaction including product design and development always customer focused.
Business Market Segments

How you identify and target market segments

Personal Segmentation

Who you help

Identify those parts of the market that you are uniquely capable of serving
Business Channels

How you reach target market segments

What method of channel concentration will products the best financial results Personal Channels

How they know you and how you deliver

How you are known through consistent good service and innovation in channel usage

 

STEP 4-FINANCIAL ASPECTS OF BUSINESS AND PERSONAL MODEL CANVAS-WHAT WE GIVE-WHAT WE GET
Build the business that operates sustainably enabling its owner/manager to do good while doing well

Business Model Canvas and Process         Personal Model Canvas and Process

How you detect and manage Costs-Direct and Indirect Indirect costs, commonly known as overhead and direct costs, known as the cost of production must always be related to the level of operations in order to be revealing What you give

Sometimes not financial

They could be uplifting or anxiety producing. They do involve time and opportunity

Costs need to be managed on a continuing basis first to be able to secure initial funding, later to manage funding, and finally to develop a rewarding exit strategy
Revenue and benefits

The business process of operating profitably

Revenue from operations should produce profit on a sustainable basis to enable the business to offer a return to its owner(s) What you get

The overall personal objective of revenue development is to meet the needs of all those involved

Revenue should be planned and managed so as to create benefits for all parties enabling the owner entrepreneur to do good while doing well.

 

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