A life committed to learning.

Category: London

Startup Business Models

Most of the startups start by doing some sort of viability studies to asses if the adventure is worth to take. I wrote extensive material on this, but is in Portuguese. If it happens you can read Portuguese or can translate it, here it is.

From these analyses the startup founders may have some elements to start designing a business model.

One of these elements is the competitor list. They can use competitors to reverse engineering a business model.

About business model transparency, for example, Buffer is the best I known in keeping transparency about their business model. See it here. There is also something interesting about Buffer and other companies that want to maintain a transparency culture, and they are using Bare Metrics to achieve that beacuse they use Stripe as they payments partner. For the Buffer example, click here to see their Bare Metrics Dashboard

Of course, this transparency depends on the company culture and not all startups are willing to do this, or is not a priority or even possible. However, having a business model well defined is important for every stakeholder (product manager, developers, customer experience, growth team, etc). 

Having the business model shared amongst the stakeholders is important to maintain focus and provide guidance how to run the business. It helps also communicate KPIs between teams. Every person must contribute to some part of the business and people like to see how they are adding value to the business. In my experience I worked with teams of developers that had no clue about the business model. This can hinder the startup because not everyone is working according to the same blueprint.

I like the concept of the Business Canvas as introduced by Alexander Osterwalder.

Screen Shot 2016-05-17 at 11.16.00

….so would be great to see the business model canvas to understand all the startup business. Ideally, it would hang out this on a wall, as I like the visual management approach.

Business Model Canvas on the wall

I own that book since 2013, because I was learning about business models. Interesting to see the startup scene here in London using these techniques. Forward Partners, for example, help entrepreneurs understand their business by doing a Business Model Canvas as a first thing. I understand, because is a really simple way to design and visualize a business.

Business Model Generation book

Bottom line, why I would like to see a business model for the startups I work for?

  • They help everyone to understand the business and create KPIs for the activities, revenue stream, etc that will definitely help making better decisions and improve communication.
  • It shows that the founders have gone through the work of defining their business and are committed to it, by sharing the business model.
  • For the development teams, having a clear view on the business model, help them to independently decide what is best for the business.
  • If something changes on the business model (as isn’t written in stone), everyone will be aware about it, thus contributing to better communication

Please, let me know if there is something I could help here.

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Working in London?

To all Portuguese Programmers that already had that though of working in London, but did not made the decision, yet.

Have you ever considered what is like to work in London? Have you ever had that thought? And you also had the other thoughts….the circumstances, or the excuses? Because I have a girlfriend, a wife, kids, the house, the dog, the cat, whatever, I bet there are millions of excuses to move before ever considering any of its benefits. Is just a choice, and there are things more important than others for each of us. Circumstances change because they are bound to time and thought. I do understand, however I do not understand why people have choices and keep complaining, but that’s other story… 🙂

But, now,  imagine that the part of your the brain that creates excuses was shut down, and you can’t just produce them. Feel only the benefits for your career? Your personal life? The new technologies you will learn? The people you will meet? The millions of choices you have in the silicon roundabout? Culture? Music?  Functional Programming? “Big Data”, AWS, Scala, node.js, DevOps, Microservices, whatever, you name it. You’ll find it here and you will learn it here.

Since the beginning of this week, I’ve been approached by more than 10 recruiters, either by phone, mail and linkedin. They are a lot of them, because there is a big demand for programmers. London is receiving a lot of investment for startups that are really growing. I do notice this same trend in other cities in Europe… OMG, are we in a bubble? 🙂 🙂

Want to start a business? What about a Business Accelerator? They even pay you to learn? Check these, for example:

Want to learn some other stuff? There are meetups for anything you can imagine 🙂

Ok, now your part of the brain that creates excuses is on, forget about all of that.

Really, if you want to make that move, I can help you personally. I had different circumstances, but if you make that choice, please let me know and I can help.

Let me read your thoughts…

 

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