identify which is the most suitable business model for our business. Explore
the main elements of a business plan. To identify the elements needed to
develop our business plan
there is a growing debate about the convenience of a suitable business model
and business plan when creating or expanding your business. Do you need both?
Should there be linkages between both business tools? In such a changing
business environment, do we need them?
training fiche aims at shedding a light on these issues. While it is important
to learn to identify the most useful business model to fulfil your business
goals, it might be also relevant to explore what components, if any, should be
part of your business plan, be it before starting your activity or in a later
that there is no good wind for those that do not know where they want to sail to.
The business plan and business model you pick might serve as a compass to guide
At the end
of this training fiche your attention should have been drawn to the most
convenient business model for your project.
this training fiche is a wakeup call to stop and think about relevant aspects
of your Project or business. Be aware, though you have to keep on pedalling,
otherwise, you might fall.
be able to search for links between your business model and your business plan,
in order to get the best and develop a strategic vision of where your business
should be. Come on, pave the way to success!
Once it is
clear what direction you want to take, you can establish a set of indicators to
rocket your project to success. The followings can be useful:
produced your SWOT analysis?
-> SWOT is an acronym of strengths, weaknesses, opportunities and
threats. This matrix on one hand, will enable you to identify your market
threats and opportunities and on the other, it will help you acknowledge your
business strengths and weaknesses.
got an Empathy Map?
tool developed by XPLANE will aid your business with a deeper knowledge of your
customer, their expectations and needs. In addition, it has become a perfect
accompaniment of your Canvas business model, described above and below.
developed your business canvas?
->It offers a powerful visualisation of the direction of your
business Project. It helps by proposing strategic reflections and somehow it
obliges you to answer the following questions:
you got a value proposition?
there a customer segment willing to purchase the value proposition at the fixed
you identified your customers?
sort of relationship have you built with them?
you really know your cost structure?
you really know your revenue structure?
you drafted your business plan? Are you ready to test all those estimates
and predictions you have been working with? Do you really know your market,
customers, your product, the funding you need…? It’s reflection - action time.
Find out the literature behind OER-CRAFT Project which aims at addressing the capacity and training needs of the micro enterprises across EU.