Category: Development

Lean Business Planning: Get What You Want From Your Business

Thud. On the table in front of you in a stack of papers 4 or 5 inches thick. It’s everything. It’s your bible. For the past 5 months, you’ve anguished and agonized over this document. You’ve worked late into the night and on weekends, pouring over each word and phrase, tweaking your financial models, and researching competitors. This is your business plan. You’re finally done. Well, actually, no, you’re not done. And you probably spent too much time working on the wrong things, at least according to one entrepreneur and angel. “For eight out of ten companies, we dismiss...

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9 Business Model Examples for Social Enterprises

A business model is a structure, design or framework that a business follows to bring value to its customers and clients. However, there are at least three measures of the success of a business model—its ability to generate profit for its owners, its ability to generate positive change in the world, and its ability to achieve a balance of profit and positive change. The first approach applies to traditional for-profit companies; the second approach applies to traditional charities; and the third approach (a balance between profit and positive change) applies to social enterprises. Given the definition above, a social...

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