Business Model Development
A business Model Captures the Bigger Picture
What is a Business Model?
A business model canvas is a management tool to communicate a business idea or concept.
Franchise Development Business Model
As a franchisor/franchisee you will need to develop a business model for your franchise network.
The key elements of business model development offered to our clients are set out below.
Together, we can devise business models that will increase your ROI by targetting your customer segments more effectively and efficiently.
Customer segmenting is the practice of dividing your customer base into groups of individuals that are similar in specific ways.
Your value propositions is foundational to any business product or service. It is the concept of the exchange of value between your business and your customer. Generally, value is exchanged when a problem is solved to their satisfaction.
Customer define how a business interacts with its customers. A really helpful way is to create a buyer journey map of your potential customer as they interact with your business.
Channels are defined as the avenues through which your customer comes into contact with your business and becomes part of the sales cycle.
The key activities of your business are the actions that your business undertakes to achieve the value proposition for your customers.
Key partners are external companies/suppliers/parties you need to achieve your key activities and deliver value to the customer.
Key resources are needed to achieve the key activities of the business.
Your cost structure is defined as the monetary cost of operating as a business.
Revenue streams are defined as the way by which your business converts your value proposition or solution to the customer’s problem into financial gain.
It’s also important to understand pricing your product or service accordingly.
Everything we do is backed by research
Book A Free Business Review
Take advantage of our free marketing review and we’ll give you the feedback you need to pursue your business aims and objectives.