Fábrica de Startups: Discoveries Travel and Tourism Startup Accelerator
Smart Business Modeler collaborated with Fábrica de Startups to pilot our venture creation and coaching platform as FabStart Academy, premiered by the Discoveries Travel and Tourism Startup Accelerator 2019 program. Discoveries: Travel and Tourism Startup Accelerator Discoveries is an intensive…
Business Model Brain Snack: Advertising
Every time you open Facebook or other social media websites, you probably notice a large amount of ads that are displayed. With these small “announcements” Facebook and Google generated more than half of all U.S digital ad revenue in 2017! Reason enough for us to explore the advertising revenue…
Business Model Brain Snack: Open Innovation
In light of increasing complexity, decreasing product life cycles, and fast market change, what is one of the most cost-effective ways to innovate? Open innovation! Open innovation is a process business model pattern that enables cost reduction and accelerates time to market while creating novel…
Business Model Brain Snack: Dial down features
What is the best-kept secret to market disruption? Is innovation enough? Dial down features is one of the most common customer business model patterns, responsible for the success of industry leaders such as eBay, Uber, and Airbnb. How? Forget the classic engineering perspective. It is not about…
Business Model Brain Snack: Pay with data
What do you know about the $21B location data economy? Did you know that location data companies pay 0,5–2 cents per user per month? Pay with data is one of the most revolutionary digital revenue models. How? Apps are at the center of this new economy. The mobile location industry started as a way…
Business Model Brain Snacks: Pay-per-use
Welcome to the first edition of the Business Model Brain Snacks! In this series, we introduce new concepts around business modeling, such as novel business models, ways to transform your business model, and methods to scale your business. If you like this content, please follow us and share this…
Increasing the value of your disruptive innovation
If you have a disruptive innovation and a sound value proposition, why would your sales still not be as high as expected? This is what often happens to the most innovative solutions. Consider the example of electric vehicles (EVs). Car firms still seem to struggle to break into the mainstream…
Highly scalable business models
“Highly scalable business models” are the four magic words to quickly hook most venture capital investors, but what does this mean?! In essence, scalability means how easy the business is growing. Now, this raises a new question. If scalability refers to the “ease of growth” then what decides the…
Building your ‘Minimum Viable Product’
The main purpose of your ‘Minimum Viable Product’ is to quickly see the essence of your idea in action and test your key hypothesis to minimize errors with the minimum amount of effort and resources. Some of the main benefits resulting from building an ‘MVP’ for your idea are: Initial model.…
Business model hypotheses
Prototyping After you developed your business model, you will have to think about a prototype of your product or service. The ultimate goal of a prototype is to ‘answer questions and to generate new ones’. In this sense, a prototype is a plan for how it works; a physical test-version of a product,…