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Skool sux > Entrep BMC > Flashcards

Entrep BMC Flashcards

1
Q

This is all about Visualizing your business

A

Business Modelling

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2
Q

This describes the rationale of how an organization, creates, delivers, and captures value.

A

Business Model

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3
Q

A business model expresses the core business logic of how a firm needs to be?

A
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4
Q

What is the revenue model?

A

How much does it cost to produce and market? How much will you make? Is the idea profitable?

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4
Q

3 parts of a business model

A
  1. Creating something customers want to buy
  2. Identifying Who and How to market to customers
  3. Revenue Model
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5
Q

Why do entrepreneurs use a BMC?

A
  1. Easy to understand
  2. Focused
  3. Flexible
  4. Customer Focused
  5. Shows Connections
  6. Easy to communicate
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6
Q

What does BMC mean?

A

Business Model Canvas

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7
Q

How many variables are there in a BMC?

A

9

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8
Q

1st segment/variable of the BMC

A

Customer Segment

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9
Q

This is where you should describe your target market and Identify which different customer segments you will serve

A

Customer Segment

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10
Q

2nd segment/variable of the BMC

A

Value Proposition

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11
Q

This is where you describe the group of products and services that provide value for your customer segment.

A

Value Proposition

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12
Q

3rd segment/variable of the BMC

A

Channels

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12
Q

4th segment/variable of the BMC

A

Customer Relationship

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12
Q

This segment describes how your company communicates with your customers

A

Channels

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12
Q

This segment describes your most important strategic assets that are required to make your business model work.

A

Key Resources

13
Q

This segment describes the strategies and tactics used to ___,____, and ____

A

Customer Relationship, Get, Keep, and Grow

13
Q

This segment describes the cash a company generates from the customer segment and where goes

A

Revenue Stream

13
Q

5th segment/variable of the BMC

A

Revenue Stream

14
Q

6th segment/variable of the BMC

A

Key Resources

15
Q

These are the various types of Key Resources

A

Physical
Intellectual
Human
Financial

16
Q

7th segment/variable of the BMC

A

Key Activities

17
Q

This segment describes the most important activities in your company,

A

Key Activities

18
Q

8th segment/variable of the BMC

A

Key Partners

19
Q

This segment describes the network of suppliers and patterns that support you in the running of your business

A

Key Partners

20
Q

9th segment/variable of the BMC

A

Cost Structure

21
Q
A
21
Q
A

Skool sux (15 decks)

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