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{"id":1100,"date":"2013-05-11T01:47:02","date_gmt":"2013-05-11T01:47:02","guid":{"rendered":"http:\/\/strategyexecutioninstitute.com\/?p=1100"},"modified":"2013-05-13T16:17:26","modified_gmt":"2013-05-13T16:17:26","slug":"134-define-your-business-model","status":"publish","type":"post","link":"https:\/\/strategyexecutioninstitute.com\/?p=1100","title":{"rendered":"#134 Define your business model"},"content":{"rendered":"<div class='kindleWidget kindleLight' ><img src=\"https:\/\/strategyexecutioninstitute.com\/wp-content\/plugins\/send-to-kindle\/media\/white-25.png\" \/><span>Send to Kindle<\/span><\/div><p>The <a title=\"#133 When does \u201cstrategy execution\u201d begin?\" href=\"http:\/\/strategyexecutioninstitute.com\/?p=1095\" target=\"_blank\">previous post<\/a> talked about limiting space as a way to sharpen your focus as you develop your elevator pitch. \u00a0Once you have a sharp and focused story for your startup (remember, you don&#8217;t have to actually start a business to think like a startup), you need a more comprehensive plan. Enter the Business Model Toolbox.<\/p>\n<p>You can get the <a title=\"Business Model\" href=\"http:\/\/www.amazon.com\/gp\/product\/B00BD6RFFS\/ref=as_li_ss_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00BD6RFFS&amp;linkCode=as2&amp;tag=stratexecuins-20\" target=\"_blank\">book<\/a>, or you can get the <a title=\"Business Model Toolbox\" href=\"https:\/\/itunes.apple.com\/us\/app\/business-model-toolbox\/id431605371?mt=8\" target=\"_blank\">iPad app<\/a>.<\/p>\n<p>Don&#8217;t expect the book or the app to work miracles, if you are not a clear thinker, or if you have an aversion to thinking ahead and designing a solution, these may be of limited use. I&#8217;ve seen co-workers rush into a solution more than think thru and develop a design before implementation. Those who think and plan ahead are a joy to work with. Those who rush to a solution are a real pain to work with. I&#8217;ve rushed into solutions too, under pressure to put points on the board, or to display a bias for action.<\/p>\n<p>When I am clueless, &#8220;thinking&#8221; is actually &#8220;learning.&#8221; I&#8217;m trying to figure out the problem, the domain it belongs to, I struggle with risk analysis and interdependencies. In such cases, I will come across as a clumsy amateur in my thinking\/planning. If I have solved a similar problem before, and have a handle on the domain, thinking and planning is a joyful experience. I can save time, money, and aggravation, and also delight others when offering a solution.<\/p>\n<p>Conclusion: before you jump into thinking and designing, establish how much you know about the problem and its domain. If there are gaps, fix those gaps via education. Or outsource\/delegate the problem definition. Don&#8217;t try to cover up your ignorance under the garb of thinking\/planning.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The previous post talked about limiting space as a way to sharpen your focus as you develop your elevator pitch. \u00a0Once you have a sharp and focused story for your startup (remember, you don&#8217;t have to actually start a business to think like a startup), you need a more comprehensive plan. Enter the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_s2mail":"no"},"categories":[4,14,6,13],"tags":[],"_links":{"self":[{"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=\/wp\/v2\/posts\/1100"}],"collection":[{"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1100"}],"version-history":[{"count":11,"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=\/wp\/v2\/posts\/1100\/revisions"}],"predecessor-version":[{"id":1121,"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=\/wp\/v2\/posts\/1100\/revisions\/1121"}],"wp:attachment":[{"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}