No one invests in weak business models, and no successful business is built on one.
And yet most early-stage startups and small businesses have generally terrible foundations that go on to plague them in later stages. Without a crystal-clear understanding of how your company meets the four basic components of any business model, you’re doomed to fail.
Suboptimal business models sink your chances of:
-Turning a profit
-Scaling your company
In this talk, JDM — aka Josh David Miller, aka “the shredder of business models” — will walk through the process of generating the best possible business model hypotheses for early-stage startups, using design thinking.
Some of the things we’ll talk about in this workshop include:
-What a business model is (technically);
-How to succinctly pitch yours;
-Common areas of weakness in startup business models;
-What investors look for in a business model; and
-How to turn unknowns into experiments and experiments into data.
Most importantly, JDM’s going to show you the tools he uses to:
1. Find the weakest part of your business model;
2. Turn it into a question; and
3. Develop a path to fix it.
Who’s this talk for?
This talk is geared toward the founders of companies who have not yet achieved product-market fit. You could be:
-A solo founder with nothing but an idea looking to get started;
-A founding team with a product and revenue looking to scale;
-And everyone in between.
So, what do you say? Let’s talk business models!