10 Tips 4 Business Model Innovation
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How can you best do business model innovation? We selected 10 tips from our client work in the last 2 years to share with you. Njoy business modeling!
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10 Tips 4 Business Model Innovation
- 1. 10 tips for business model innovation www.businessmodelsinc.com
- 2. In the last 2 years we have been working with more than 40 international clients from start-‐ ups to corporate organizations on business modeling. We put all our experiences together and came to the following list of tips for business model innovation. Njoy business modeling! www.businessmodelsinc.com
- 3. 1 Tip #
- 4. Map your current business model on a large poster with 3M post it notes.
- 6. It is important to start with your current business model first. This will create a shared language with your team members AND more than 70% find opportunities for improvement. Post it notes that stick are helpful working on the wall. Sorry, 3M works best.
- 7. 2 Tip #
- 8. Don’t try this alone. Let your colleagues help you!
- 10. You’ll get much better and faster results if you map a business model with other people like your colleagues or team members. Different perspectives offer new interesting insights.
- 11. 3 Tip #
- 12. Visualize your business model!
- 14. After you have put the post-‐it notes on the business model canvas, it is hard to explain the results to others. Visualization of your business model will support your optimization and innovation discussions.
- 15. 4 Tip #
- 16. Translate 3 trends into your business model!
- 18. We know what’s going on in our market place. But do we translate trends and developments into our business model? Can we transform it into value for our (potential) customers? Translate 3 trends into your business model!
- 19. 5 Tip #
- 20. Learn from other business models!
- 22. Do not think you need to re-‐invent the wheel. Easyjet learned from SouthWest… If you model other business models in to the canvas, you will be amazed how much you can learn from them.
- 23. 6 Tip #
- 24. Do not rely on 1 model, build prototypes.
- 26. The world is not predictable. You do not know if your business model will work. Build prototypes to shorten time to market and learn by doing building business model prototypes.
- 27. 7 Tip #
- 28. Apply business model patterns
- 30. What happens if you apply business model patterns to your business model? Does the longtail affect our model? What happens if we we offer things for free?
- 31. 8 Tip #
- 32. Build a (self) sustainable business model.
- 33. Built a (self) sustainable business model
- 34. In this business model from a saw mill in Tanzania, the chopped wood is re-‐planted. By this means the business model is self sustainable. Can your model be self-‐sustainable?
- 35. 9 Tip #
- 36. “Show me the money!”
- 38. If your business model will not make any money today, it most probably won’t do tomorrow. So, “Show me the money!”
- 39. 10 Tip #
- 41. profit! potential! +! new school of old school conscientious corporations! entrepreneurs! social impact! −! +! potential! old school not- for-profits! −!
- 42. Nowadays there is a new school of entrepreneurs emerging. Profit with a purpose. What is your purpose besides profit?
- 43. Ooops!
- 44. Use the business model canvas ;-‐)
- 45. The
- 46. Try to explain a business model without the canvas… This one might look obvious, but it isn’t. Use the business model canvas for business model innovation.