Work is the refuge of people who have nothing better to do. : Oscar Wilde

Tuesday, July 26, 2011

Describing a Business, II

Although the number of one-person businesses in Canada has dropped the unemployment rate has not, so it's still worth considering trying to make a living in this way. As mentioned before, however, unless you're a natural business person (or perhaps even if you are) it might be worth making a disciplined analysis of how your business will work before you embark on it.

Business Model Generation looks like a great way of doing this. It's available in many public libraries and on all the usual websites at a reasonable price.

BMD describes a 9-piece way of modelling business models. (Yes, awkward sentence.) Then it goes on to show you how the model can be used to explore Google, the FREE business model and some other 'patterns' that have succeeded. By the end of the book you will have learned how to deal with the various phases involved in producing a business model including imagining, critiquing, evaluating and so on.

Worth a look.