What is a Business Model? Why is having a modern Business Model important? How does Business and Technology work into a Business Model? Why is understanding your customer important? How does your products and services suit your customer?
2. What is a Business Model?
● A one page business plan
● The logic of a sustainable business
● Defines who are your customers, what value
do you provide & why you are profitable
3. Why are Business Models important?
● Competition Business Model improvements
● Digital disruption affecting your current
model
● Technology allowing new Business Models
4. Music - One Product, 3 Business Models
Store Model
Online Model
Subscription Model
Buy a CD in store
Buy a digital song
Buy a year all music
subscription
5. Business Model Customers
What jobs are they trying to complete?
What pain or risks are they trying to avoid?
What goals or gains are they seeking?
6. Business Model your value
How do your product and services help
customers?
Save customer time, money, effort, risks,
create solutions or eliminate obstacles.
Produce desired outcomes for the customer.