business model canvas - crash course

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Business model canvas a crash course by Skander Garroum @SkaGarroum

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A business model canvas crash course for Hult Business School

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Page 1: Business model canvas - crash course

Business model canvasa crash course by Skander Garroum

@SkaGarroum

Page 2: Business model canvas - crash course

Skander Garroum“Startup obsessed since 15” “Product + marketing = Growth”

What we will talk about!- Business plans - Plans fail - Business Model Canvas

@SkaGarroum

Page 3: Business model canvas - crash course

How many of you have written a Business Plan?

@SkaGarroum

Page 4: Business model canvas - crash course

Two (subjective) truths

@SkaGarroum

Page 5: Business model canvas - crash course

Two (subjective) truths

1. Plans fail & change

@SkaGarroum

Page 6: Business model canvas - crash course

Two (subjective) truths

1. Plans fail & change

2. Startups fail & change

@SkaGarroum

Page 7: Business model canvas - crash course

66% of all successful startups change substantially

My favorite example:

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Page 8: Business model canvas - crash course

@SkaGarroum

Page 9: Business model canvas - crash course

–some random startup guy

“Startups are experiments. Business plans should be experiments too.”

@SkaGarroum

Page 10: Business model canvas - crash course

The Business Model Canvas

Introducing:

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Page 11: Business model canvas - crash course

@SkaGarroum

Page 12: Business model canvas - crash course

9 Segments to rule them all• Customer segments - aka Who is the buyer or user?

• Value propositions - aka What problem?

• Channels - aka How is 2 delivered to 1?

• Customer relationships - aka What type of relationship?

• Key resources - aka most important assets

• Key activities - aka most important skills

• Key partnerships - aka what network?

• Cost structure !

• Revenue streams

@SkaGarroum

Page 13: Business model canvas - crash course

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@SkaGarroum

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@SkaGarroum

Page 15: Business model canvas - crash course

Customer segments - aka Who is the buyer or user?

• different groups of people or organizations that a company serves

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Page 16: Business model canvas - crash course

Value proposition - aka What problem?• How do you create value for the customer segments?

• What problem(s) do you solve?

• USP - what makes you special

• Performance

• Price

• Design

• Brand

• Usability

@SkaGarroum

Page 17: Business model canvas - crash course

Channels - aka How is 2 delivered to 1?

• How do you reach your customer segments to deliver the value proposition?

• Own or partner?

• direct or indirect?

• Apple store vs online shop vs Radioshack

@SkaGarroum

Page 18: Business model canvas - crash course

Customer relationships - aka What type of relationship?• What type of relationship do you establish with your customers?

• Examples

• assistance

• self service

• automated service

• communities

• co-creation

@SkaGarroum

Page 19: Business model canvas - crash course

Customer relationships - aka What type of relationship?• What type of relationship do you establish with your customers?

• Examples

• assistance

• self service

• automated service

• communities

• co-creation

@SkaGarroum

Page 20: Business model canvas - crash course

Key resources - aka most important assets• Most important assets required to make it work

• Types

• Physical

• Intellectual

• Human

• Financial

@SkaGarroum

Page 21: Business model canvas - crash course

Key activities - aka most important skills• Most important skills required to make it work

• Examples

• production

• problem solving

• networking

• sales

• marketing

@SkaGarroum

Page 22: Business model canvas - crash course

Key partnerships - aka what network?

• Network of suppliers and partners

• Existing or needed to create?

• Acquisition of resources and skills

@SkaGarroum

Page 23: Business model canvas - crash course

Cost structure - aka what do you need to pay?

• Fixed & variable costs

• economies of scale

• investment vs bootstrapping

@SkaGarroum

Page 24: Business model canvas - crash course

Revenue streams - aka How do you monetize?

@SkaGarroum

Page 25: Business model canvas - crash course

9 Segments to rule them all• Customer segments - aka Who buys/uses?

• Value propositions - aka What problem?

• Channels - aka How is 2 delivered to 1?

• Customer relationships - aka What type of relationship?

• Key resources - aka most important assets

• Key activities - aka most important skills

• Key partnerships - aka what network?

• Cost structure !

• Revenue streams

@SkaGarroum

Page 26: Business model canvas - crash course

Bonus:What company is this?

@SkaGarroum

Page 27: Business model canvas - crash course

@SkaGarroum

Page 28: Business model canvas - crash course

@SkaGarroum

Page 29: Business model canvas - crash course

@SkaGarroum

Page 30: Business model canvas - crash course

Thank you

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@SkaGarroum!Slides: www.slideshare.net/skagarroum