16 8 / 2010
Business Model Generation
“Designing Business Models” has to be one of the coolest business book I’ve came across in a long time (and I read ALOT of ‘em). If you need to write up a business plan, I would look at this book first. Previously, I’ve always used a template that I found from Ernst & Young… which was really great at making you think of every little detail investors may ask… especially the financial side of things. But it would fall short in terms of web based businesses… and reads a bit boring. ’Designing Business Models’ was evolving book co-created by 470 contributers from around the world… with a lot of focus on design and finding value (some web based business are valuated are user acquisition not necessary on profits).
From my past entries, I’m heavy on visual models… P.O.I.N.T method, the DSchool bootcamp, Mind Mapping, etc. This book has a visual Business Model Canvas method:
Business Model Canvas Poster V.1.0 View more presentations from Alexander Osterwalder.
Pitching with this is probably more valuable than handing somebody a 20+ page business plan if it’s your first meeting with a potential investor/partner. Or if you’re like me, you have too many ideas at one time… and you need a format to map out the opportunities that make the most sense first or at all, before going on to write that 20 page plan.
