This week, I discuss the value proposition section of a lean canvas and apply it to the hypothetical business model (recycling). A value proposition should be a short clear statement that defines your services and differentiates you from your competitors. Uber has a very good statement. Check out the video and subscribe. Enjoy.
This week I walk through the first four sections of a Lean Canvas template using a hypothetical business idea (solid waste/compost). The section focuses on key performance indicators (KPIs) and determining the cost structure (fixed/variable costs).
This week I discuss the different types of business planning templates and the reasons for creating a plan. This is the first in a series of videos where I will use a hypothetical business idea to create a Lean Canvas template. The template will be posted on my website after the last video. Thanks for watching!
This week I discuss the fundamental reasons for a business: generate revenue and solve a problem. If your business generates revenue, eliminates inefficiencies or differentiates you from a competitor, you may have a viable business plan.
Depending on what your company is trying to do to be successful, and how you define success, you may or not need a detailed business plan to demonstrate your path forward. You will still need to understand your business model though and the factors that go into making a specific business model a success. A business model can serve as a guide to indicate when you have strayed off course or it can lay the framework for a business plan. By analyzing your business model, you can
This week Zach discusses "What Type of Business" an individual should start. Is a franchise a good option? Do you want to start a home-based business? How does a business type impact later questions? Disclaimer: Video is for educational purposes only, not legal advice. Viewing and communicating with the Law Office of Zachary L. Luea via social media does not create an attorney/client relationship. Please speak with an attorney if you need legal advice.
In a new video series, I discuss the most important question to ask before starting a business: Why am I starting this business? Answering this question helps a business owner set goals and determine the type of business model that works best for her lifestyle. Click on the link below for the video.