Building A Business Model The Entrepreneurial Mind

Take this Entrepreneurship Course on Business Modeling now and learn how to become more successful in your entrepreneur.

Last updated 2022-01-10 | 4.1

- Understand why business modeling is the proper starting point for a new business rather than starting by writing a business plan.
- Learn the basic components of a complete business model and how they work together to ensure a successful business.
- Learn how to evaluate an idea and prepare it for a business model.

What you'll learn

Understand why business modeling is the proper starting point for a new business rather than starting by writing a business plan.
Learn the basic components of a complete business model and how they work together to ensure a successful business.
Learn how to evaluate an idea and prepare it for a business model.
Understand the importance of identifying a target market that that has a “pain” or unmet need that can be exploited through your new business.
Learn how to develop a sound value proposition to address the market’s need.
Understand the importance of pivoting a business model based on information you gather from your target market.
Understand the importance of customer discovery and validation and why it must precede efforts to scale and build your business.
Learn how the operational side of a business model must support the market side.
Learn the importance of building a foundation for a sound financial model that is part of the overall business model.

* Requirements

* A desire to become a more disciplined entrepreneur who has a higher chance for success with each new business launch.

Description

One of the biggest myths about starting a new business is that it all begins with a business plan. This is not true. Developing a strong Business Model is the starting point for ensuring a new business has the highest chance of success. This Entrepreneurship course provides step-by-step instruction that leads entrepreneurs through the process of evaluating an idea for a new business and then developing a strong Business Model. This course is designed to help both experienced and first time entrepreneurs. Experienced entrepreneurs will find the process taught in this class to be a better path to success. The instructor has taught entrepreneurship on and off for thirty years and has started more than a dozen businesses. The material in this course completely changed how he teaches entrepreneurs and how he has approached his most recent startups. First time entrepreneurs will learn a process for developing an idea and building a business model that will serve them throughout their entrepreneurial careers, no matter how many businesses they eventually launch. If a business plan is required for financing the business, the entrepreneur will have a solid business model that will serve as a strong foundation to build a credible and believable business plan.

Take this Entrepreneurship Course on Business Modeling now and learn how to become more successful in your entrepreneurial career.

Who this course is for:

  • Everyone interested in becoming a more successful at starting new businesses ranging from the first time entrepreneur to the experienced entrepreneur.

Course content

6 sections • 26 lectures

Overview: The Idea Sketchpad Preview 04:30

Always Start with the Customer! Preview 03:48

What is Your Offering? Preview 05:23

Let's Look at Your Team Preview 02:42

Time to Test Your Idea Preview 04:16

Creating an Idea Sketchpad Preview 00:56

Business Model Overview Preview 05:36

Drives a Business Model? Preview 09:38

Customer Discovery and the Pivot Preview 10:25

Customer Discovery Process Preview 03:47

Getting Started with Your Business Model Preview 00:32

Why Does the Customer Matter? Preview 02:52

The Target Market Preview 17:27

What is Your Value Proposition? Preview 13:12

What Does Your Customer Expect From You? Preview 05:53

Connecting with Your Customer Preview 12:18

Turning Customers into Cash Preview 09:57

Developing the Customer Part of Your Business Model Preview 00:43

What Do I Need to Get Done? Preview 10:19

What Resources Do I Need? Preview 06:58

Who Do I Need to Help Make My Business Successful? Preview 07:14

So How Much Money Will I Really Need? Preview 10:36

Developing the Operational Part of Your Business Model Preview 00:26

The Process of Starting a New Business Preview 07:54

Now Go Build Yourself a Business Model - Get On With It Preview 00:21