Category: Startups
Business Model Canvas Template
Although several ways exist to design a business model, this conception is tied to the term “Business Model Canvas.” which is undoubtedly the most common and well-known method in this field. Alexander Osterwalder proposed the business model canvas in his book Business Model Generation for the first time. This practical and straightforward tool quickly became […]
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Business Model Canvas Key Resources
Business Model Canvas Key Resources: In the article Business Model vs. Business Plan we introduced the business model and its three components: Value creation Proposing the value to the customer Converting this value into money However, in the Business Model Canvas designed by Alexander Osterwalder, these three sections are discussed in 9 parts. Learn more: […]
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Empathy Map Canvas: A Guide to Understand the Customers
Customer understanding is the cornerstone of marketing today. If you do not have the correct information about your customers, you can not develop a good sales strategy. Customer understanding is an important issue which most business founders undertake.Empathy Map Canvas is a tool that helps you understand your customers. Who is the Customer? Customer is […]
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Cost Structure in the Startup Business Model
Cost Structure is one of the key terms in designing and analyzing a startup business model. Of course, this term is older than entrepreneurship and business modelling concepts. Accounting and financial management professionals have always used it. However, because entrepreneurs may forget about this concept due to the excitement of turning their dreams into reality, […]
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12 Common Business Mistakes You Should Avoid
Business development is a skill that can change your personal and professional life if it goes in the right direction. However, sometimes, due to a lack of experience and knowledge, business founders make mistakes that may delay the success for years. That’s why in this article, we have tried to address common business mistakes an […]
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PhpStorm Tutorial: Installation, Personalization, and Tricks
The PhpStorm is an integrated development environment (IDE) so rich in features that you need to be trained to learn all of them. Therefore, seeking for PhpStorm tutorials is one of the needs of novice and even experienced programmers. PhpStorm is a professional PHP code editor that makes programming enjoyable. It also speeds up the […]
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Value Creation, the Modern Businesses Need
Creating value in business can significantly benefit the customers along with making a financial profit for business owners. Value creation depends on many factors, each of which creates specific aspects of interest for the general and specific. This article discusses the concept, importance, and other aspects of value creation in the organization. So join us […]
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Business Model vs. Business Plan: What Is the Difference?
Business Model is a relatively new term in the management literature. The “business plan” concept is about two centuries old, while “business model” definition is only for 20 years ago. We discussed the business plan in one of our articles. However, here, we will discuss it again briefly to clarify the meaning of the business […]
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Lean Model Framework (Part 2): Lean Resources, Business Models, Customer Truth
The lean startup was first coined by Eric Rises in 2008 and published three years later in his book The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses. The lean startup is designed to reduce cost and time and help you minimize risks. The principles of the Lean startup are […]
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Rapid Prototyping Instead of Business Plan: Lean Model Framework – 1
Many entrepreneurs think that writing a great business plan is their primary task. However, a plan is just a tool for learning, and of course, it is the weakest tool for doing so! If you really want to create something new, send a rapid prototype to the market and start talking to customers. Instead of […]
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