(2017-06-29) Maurya What Is A Business Model

[[Ash Maurya]: ]What is a business model? make sure your business model story communicates these 3 core jobs: value creation, value delivery, and value capture

Customer Value Delivery

list both your sources of revenue and specific pricing

Customer Value Capture

There are 2 parts to creating a business model: business model design, and business model development. You can sketch your initial business model in 20-30 mins

You deliver value to your customers through your solution

You then identify and prioritize your riskiest assumptions and formulate a validation strategy which you then test with small and fast additive experiments

first deeply understand your customers and their problems

Customer Value Creation