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Fab All Thing's Unusual Business Model - Fabbaloo Blog - Fabbaloo ...

Fab All Thing's Unusual Business Model - Fabbaloo Blog - Fabbaloo ... | Small Business Models | Scoop.it
A new startup called Fab All Things is attempting to use a new business model involving 3D printing. Here's how it works: Every month, we fabricate new products using 3d printing, lasercutting and cnc milling and put them in ...
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Developing, launching, and monetizing new products or services all depend on the success of the business model dreamed about before the first expense is paid out!

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'From Field to Glass': Ancram's Hillrock Estate Crafts Fine Liquors - Litchfield County Times

'From Field to Glass': Ancram's Hillrock Estate Crafts Fine Liquors - Litchfield County Times | Small Business Models | Scoop.it
'From Field to Glass': Ancram's Hillrock Estate Crafts Fine Liquors Litchfield County Times “New York City was a melting pot of fermentation and distillation,” says Tim Welly, the knowledgeable head of operations and distiller for Hillrock, who...
GreatBusinessContent's insight:

Here's a business model that is easy to promote!  Tradition and History!  

 

What tradition can you use in your business model, how has the history of your product changed over time?  Tie these into the business model and it will change the whole outlook of the business.

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Upstaging: One Small Theater Company Rethinks the Business Model - SF Weekly

Upstaging: One Small Theater Company Rethinks the Business Model - SF Weekly | Small Business Models | Scoop.it
Upstaging: One Small Theater Company Rethinks the Business Model SF Weekly A departing manager dropped the venue into their hands practically before they'd finished a business plan, which meant they suddenly had to conjure up programming for the...
GreatBusinessContent's insight:

I went from a quick scan, to a slow scan, to a full on hard read of this article.  It is captivating how these guys have taken a terrible business model, theatre, and turned it into a win in so many ways.

 

These guys love what they do, BUT...and listen up here, they are also trying to make a profit.  Holy shit a profit, can you believe that.  

 

Not only that but with 3 theatre spaces and three seperate practice areas they can also rent space to other theatre companies at competitive rates.   

 

Of course there is a chaser to all of this too, they have added a bar and cafe, the cash cow.  

 

Those interested in thinking out of the box and improving a sucky business model should read this, the rest of ya can go to hell.  Nobody reads this, right?

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GTA Valuator: The Perfect Storm for Enhancing Value

GTA Valuator: The Perfect Storm for Enhancing Value | Small Business Models | Scoop.it
GreatBusinessContent's insight:

When you sell your small business would you rather sell for 3.5 X pre tax profit or 5.5 X pre tax profit.  (To quote the philosopher Homer...DOH)

 

How do you change your revenue model NOW to increase Value later?  Well check it out and read this article. 

 

If you read this and find it interesting PLEASE pass it on to a small buisness owner you admire, help them sell for a GREAT price.

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A Sustainable Business Model Pays Off - Businessweek

A Sustainable Business Model Pays Off - Businessweek | Small Business Models | Scoop.it
Triple Pundit
A Sustainable Business Model Pays Off
Businessweek
A commitment to being green, more and more companies are reporting, does improve the bottom line.
GreatBusinessContent's insight:

OMG, I thought I would never read an article like this.  Businesses actually think they can make more money by going green.  Who would have thought this 30 years ago.

 

So many CEO's kept yelling "you can't do this, we'll go bankrupt, oh the humanity of it all".   

 

Well it's nice to see sustainability is in the corporate mind, finally.

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The Iceberg of Jobs-to-be-Done

The Iceberg of Jobs-to-be-Done | Small Business Models | Scoop.it
When you’re starting to design a new product, or redesigning an existing one, the most important thing you can do is validate that the problem you are trying to solve is meaningful, important, and shared by a large enough group of people that a...

Via Jeremy Hayes
GreatBusinessContent's insight:

How do you confirm that the product that fuels your business model is on track with the intended end user?   Well, you read this article.  It's that simple...viola you are smart and good looking.

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What Is a Business Model - Is It Important For Success?

What Is a Business Model - Is It Important For Success? | Small Business Models | Scoop.it
What is a business model? It's everything used in a business on a day to day basis. It is a MUST? Not really, will your business grow faster? Oh Yeah!
GreatBusinessContent's insight:

Are you a small business owner?  Is your head ready to explode from all the information you need to know, remember and use to keep all the balls in the air?  

 

John has written a very through post about what a business model is and how it can be used to get a grip on your life.  

 

Here's the sad truth, most won't take the time to read this, know why?  It's got no punch, it's boring, and it takes too much time.  I can hear the whining right now!   

 

If you are making a supportive wage like an employee and earning a profit like a successful business person then you are excused.  All others must read this.  

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The Netflix Saga, Part 1: Understanding the Business Model - CountingPips

The Netflix Saga, Part 1: Understanding the Business Model - CountingPips | Small Business Models | Scoop.it
The Netflix Saga, Part 1: Understanding the Business Model CountingPips So, I thought the best way to see if critics are right or not is to learn as much as possible about Netflix and trying to understand their business model in order to express my...
GreatBusinessContent's insight:

If you really want to found out what a business model is all about read this article.  No, really read the article.  

 

The author is selling stock advice, he is looking at Netflix from an investors point of view.  Why is this important?  Because if the business model is working investors LOVE the shit out of businesses.  If it's not working they dump it like a bad habit.

 

This guys tears Netfilx down to it's basic running parts and discusses why he believes the different parts work.  

 

It's better then being in school, yes they break it down, no it's not exciting.  But if you are a small business owner and don't get this crap then who are you foolin?

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6 Tips to Streamline Your Business and Increase Revenue - Wall Street Sector Selector

6 Tips to Streamline Your Business and Increase Revenue - Wall Street Sector Selector | Small Business Models | Scoop.it
6 Tips to Streamline Your Business and Increase Revenue
Wall Street Sector Selector
Discounts are an ages-old technique for pulling in new customers, but they can also be crippling to a business that's already struggling.
GreatBusinessContent's insight:

Ever heard of a revenue model?  Don't worry if you haven't, you still have one if you're a small buisness owner.  The quicker you understand what it is, and then learn how to control it, you just may start making some money...dude.

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Disruption Through Business Model Innovation: The Story of Minnicks - Huffington Post

Disruption Through Business Model Innovation: The Story of Minnicks - Huffington Post | Small Business Models | Scoop.it
Disruption Through Business Model Innovation: The Story of Minnicks
Huffington Post
Of course, you don't need to have a business that has a national scope to engage in business model innovation. It is not based on the size and scope of the business.
GreatBusinessContent's insight:

What can you learn about business models from a heating and a/c company?  A lot it turns out.  You gotta read this article!  No kidding the program they developed is so simple for service companies.  

 

I didn't think of it, but I can steal it. 

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Will Monthly Retainers Be The Next Big Business Model In Financial Planning?

Will Monthly Retainers Be The Next Big Business Model In Financial Planning? | Small Business Models | Scoop.it
The business of financial planning is in a state of flux, both within the US and around the world.

Via AdvisoryQuest
GreatBusinessContent's insight:

Here is what I like about this article.  It talks about business models the way all small business owners should be thinking about business models.  They need to change, nothing stays the same.

 

The author talks about how different models are working among different age range of consumers.  This is really smart, think, plan, implement.....rinse and repeat.  

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Delivering Business Model Innovation

Advice for in-the-trenches mid-level corporate entrepreneurs who are not just innovating new products or processes, but who are actually changing their firm's b
GreatBusinessContent's insight:

This 43 page slideshare does a great job of posing questions then giving answers about how to build or improve on your buisness model.

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Business Model Innovation: How Marlin Steel Completely Changed Its Market

Business Model Innovation: How Marlin Steel Completely Changed Its Market | Small Business Models | Scoop.it
Inside a manufacturing company's radical business model innovation, as it shifted from serving bagel companies to major American manufacturers.
GreatBusinessContent's insight:

This article is exactly what all small business owners need to know about business models, if at first you don't succeed....bla, bla, bla.

 

The owner of this company did a 180 turn just when he thought he was going out of business.  Some luck played a part, but the guy listened and HEARD what a customer said.  It saved his business.

 

Here are the 3 takeaways;

 

1) Know what you're selling

2) Re-evaluate your customer base 

3) Provide a product or service to hard to please customers.

 

I think this is a must read, even though I know you won't.  

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The Ultimate Guide to Minimum Viable Products - How to Build a Scalable Business

The Ultimate Guide to Minimum Viable Products - How to Build a Scalable Business | Small Business Models | Scoop.it
You don’t want to waste your time and money building a product no one will want to use or pay for. So, first get out of the building and talk to your customers. But there’s a world of difference between talk and action.

Via ukituki
GreatBusinessContent's insight:

I am excited about this article.  It is well written with solid advice about how to implement a business model based on product and delivery times.  The authors walks you through different examples and talks about why this worked the way it did.

 

Very good article.  Please read this.

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Business model disrupted

Business model disrupted | Small Business Models | Scoop.it
By Estelle Metayer | When business models evolve, traditional players will find it difficult to compete (RT @Competia: Business model disrupted - over 90 articles http://t.co/neRqmb4CkK #bmgen #leweb...
GreatBusinessContent's insight:

You have got to click on this.  At the VERY LEAST the aticle is good.  But the design of this flipping newspaper is very cool.

 

What a cool business model.  Want more people to share your shit, make it interested and interactive.  Oh wait, they've been saying that for years....

 

Oh well, this is still cool.

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Invasive plants as a business model? - nwitimes.com

Invasive plants as a business model? - nwitimes.com | Small Business Models | Scoop.it
Invasive plants as a business model?
nwitimes.com
Ervin spent his career with the Indiana Department of Natural Resources.
GreatBusinessContent's insight:

OMG, this is the way to think about business models.  If you can't kill it and it keeps growing back, why the hell not turn it into a cash crop instead?

 

This shit works!

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Over 90 Percent of U.S. Companies Are Changing Existing Business Models ... - PR Newswire (press release)

Over 90 Percent of U.S. Companies Are Changing Existing Business Models ...
PR Newswire (press release)
NEW YORK, Dec. 2, 2013 /PRNewswire/ -- More than nine out of 10 U.S.
GreatBusinessContent's insight:

As a small business owner should you at some point review your business model?

 

"Business model reviews and changes have become a permanent component on the corporate agenda," said Stephen G. Hasty Jr., a KPMG partner and U.S. Innovation Leader for Advisory. "Companies today face unprecedented challenges to develop operating models that can help them respond to and translate current marketplace pressures into competitive advantages."


In a recent 60 minute interview Jeff Bezos of Amazon when asked if he was gunning for small business ma and pa stores he basically said change your model or get run over.


So do you need to review your business model, only if you want to survive.  Otherwise don't worry about.

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Where is the Profit? | The Frank Boys Consult Differently - London Business Consultants

Where is the Profit? | The Frank Boys Consult Differently - London Business Consultants | Small Business Models | Scoop.it
 
 
Warren Buffet “The most successful investor of the 20th century”
  (Where is the #profit in your #business model? http://t.co/ic1UGOWK9u)
GreatBusinessContent's insight:

This article should be required reading for small business owners.  If you can answer "Where is the Profit" then you are on the road to sustainability.  

 

 

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Lack of scalable business models in education sector, real estate is biggest ... - VC Circle

VC Circle
Lack of scalable business models in education sector, real estate is biggest ...
GreatBusinessContent's insight:

Ever wonder what type of business model VC investors are looking for?  

 

This article is worth a scan.  It focuses on the education sector, however if you read between the lines you see investors are ready to

accept investments as "low" as 10 million dollars.

 

Yeah, I know it would be great if they offered that to me to back my website.   Like my mom said the one time she won at gin....YYyyiiiibbbeeeee.  

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Why bother with financial forecasts?

Why bother with financial forecasts? | Small Business Models | Scoop.it
'Knowing your numbers forces you to properly outline & develop your business model' says @paulnjenkinson #startups http://t.co/HZGHOdneqG
GreatBusinessContent's insight:

Here's why I like this article, it puts into perspective why the numbers are so important to a business model.  

 

The only way to know if what you are doing is working AND profitable is to have and use some key performance indicators.  The article goes into pretty good detail without getting too bogged down in accounting language.

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4 Things You Absolutely Must Answer Before Pitching a VC

If you're looking to raise some money for your start-up, here are four very basic questions you should have answered.
GreatBusinessContent's insight:

Man I had to go to several sources to find anything on business models today.  Here is an Inc.magazine article.

 

This is a great article about a business funding model.  

 

I am not the smartest person in the world but isn't a business model all about HOW you run a company?  That's my assumption with this category.  

 

Here they make it sound like a business PLAN.  Are they interchangeable?  Kinda, maybe.

 

To me the difference is if you are trying to get a loan or be funded then you need to come up with financial projections and how the company will grow as those projections are met.  I think this is a business PLAN.

 

If, on the other hand, you are not looking for funding and instead just need to better understand your business, then work from today.  Map out HOW you run your business.  This is a model.  

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Business Models For Dummies Cheat Sheet - For Dummies

Business Models For Dummies Cheat Sheet - For Dummies | Small Business Models | Scoop.it
Cheat Sheet: Business Models For Dummies http://t.co/3LSE1ThL8Q
GreatBusinessContent's insight:

This is a wonderful article and I like this chart.  It's so simple!

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Lean Canvas: How I Document my Business Model

Lean Canvas: How I Document my Business Model | Small Business Models | Scoop.it

Via Jeremy Hayes
GreatBusinessContent's insight:

Wow, if you want to see how to develop and test a business model here is the article for you!

 

In one part the author says to build a business model instead of a business plan.  I believe this is true.  If the model sucks you're dead in the water, regardless of how pretty your plan is.

 

Did you see the last Shark Tank?  A couple developed the "Elephant in the room" product.  It was a stuffed elephant in an acrylic case.  It cost $22 to make.  Well, to say the least, there was blood in the water in the Shark Tank!  Business Model First.  

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The Internet of Things Will Change Your Business Model - No Jitter

The Internet of Things Will Change Your Business Model - No Jitter | Small Business Models | Scoop.it
The Internet of Things Will Change Your Business Model
No Jitter
Traditional business models focused on the sale of an item, with post-sale revenue coming from maintenance. The maintenance was usually an on-call service without real-time monitoring.
GreatBusinessContent's insight:

The internet and technology has left many traditional businesses in ruin, think Kodak, newspapers, and the music industry.  As a small business owner are you vunerable?  HELL YES!

 

Here are other examples of business models that are on the rise.

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Take your Business Model to the Next Level - Innovation Excellence (blog)

Take your Business Model to the Next Level - Innovation Excellence (blog) | Small Business Models | Scoop.it
Take your Business Model to the Next Level Innovation Excellence (blog) Take your Business Model to the Next Level Alexander Osterwalder and Yves Pigneur's Business Model Canvas has become the standard tool for describing your organization's...
GreatBusinessContent's insight:

Marc has written a very easy to understand article talking about the 8 components of a business model.

 

Your business model should basically answer 2 questions:

What is your value proposition?

How are you organizing to create this value? 


The article breakdown each of the 8 areas. By the end of the article you should have a pretty good idea, not only why you need to develop a business model, but also HOW to develop a business model.

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The Biggest Mistake Business Make and How to Fix It

The Biggest Mistake Business Make and How to Fix It | Small Business Models | Scoop.it
In the Bible it says, “Where there is no vision, the people perish.” This doesn’t mean that they lie down and die. It just means that they lose heart. They lose their commitment and enthusiasm to giving of their best.
GreatBusinessContent's insight:

Business models are the structure and support of any business.  We all have them even if we didn't make a plan for them.  Planning makes the difference between success or just hanging on.

 

Charles Alvarez posted this on Linkedin today.  If the business model is the structure then vision is the material to build that structure.  The post points out you need to have one for yourself AND your business.  

This article makes good points, check it out.

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