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How To Create A Sustainable Business Model
Isaac Jeffries How To Create A Sustainable Business Model
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What is a Business Model?
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The Three Lenses Feasibility Desirability Viability
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Feasibility Desirability Viability
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Three Benefits of the Canvas
- Common Language - Clarity - Future proofing
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Business Model Traps
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Tip #1 – Create detailed customer personas
Trap #1 – Weak Customers Tip #1 – Create detailed customer personas
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Trap #2 – Value Proposition
Tip #2 – Develop a deep understanding of why people buy
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Trap #3 – Playing the wrong game
Tip #3 – Ask “What business are we really in?”
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Trap #4 – Assuming that Customers will stay forever
Tip #4 – Create Customer Acquisition & Retention strategies
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Trap #5 Ignoring the numbers
Tip #5 – Select and track the vital Financial Metrics
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Trap #6 – Relying on your Social Intent to make sales
Tip #6 – Isolate the deal-breakers for each customer segment
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Tip #7 – Pre-emptively design the next versions
Trap #7 - Complacency Tip #7 – Pre-emptively design the next versions
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Tip #8 – Validate everything with paying Customers
Trap #8 - Assumptions Tip #8 – Validate everything with paying Customers
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What do I do now? - Download the free Strategyzer tools - Grab a coffee and a canvas - Build a few iterations - Talk to your customers - Explore alternatives
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IsaacJeffries.com
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