dayyytripper

Walking day by day with all these ideas in my head.

[dynamitebear-blog]

The Key to Successful Business Models

FDescribe your business model in a few words.

You should find that you are able to do this relatively simple. And whatever you say, it should essentially translate to the following:

·         Find a group of people with a problem

·         Solve that problem

·         Present that group of people with said problem

Whether you’re a startup or a reseller, this is the crux of nearly any successful business. The key, the hard part, is identifying the right groups and gaining access to them. And to do that, you need to consider ‘routes to market’. A route to market is any direct access to a group of people. Find one and the business will create itself.

Here are some examples of different on demand business models 

Amazon - online retailer

Uber - taxi on demand 

Loanable - Finance on demand 

Deliveroo - takeaways on demand 

Moveloot - Furniture moving on demand 

[dynamitebear-blog]

Have a Mission Statement

If you want to be a successful startup, then the most important thing to consider is your mission statement. This is a few lines that should encapsulate not only what your business does, but what your business stands for.

The person who explains this best is Simon Sinek in his seminal talk on ‘The Golden Circle’. He exampled how truly disruptive startups focus on three layers of a circle: what, how and why. The most important element is the why.

So, ask yourself what it is you do: what do you sell or make? Ask how you do that and what makes your method special. Then most importantly, ask why you do it. That is your mission statement and that should inform every decision you make going forward.

[dynamitebear-blog]

Sometimes the Best Business is the Obvious Business

It’s very trendy to be a startup right now. There’s a very glamorous image of the technologically-savvy young entrepreneur starting a business with friends and getting funding from bigger companies. Probably in Silicon Valley.

But any new business is a startup. And whether you are changing the world or cutting hair, it’s the same thing.

And guess what? It’s often the hairdressers that are MUCH more likely to succeed. They’re less interested in posturing and more interested in doing something they’re good at and getting paid for it. Sometimes the best business model is just to repeat one that has worked for someone else.

[dynamitebear-blog]

How to Launch Your Startup, Risk Free!

Launching a startup is often seen as a ‘brave’ move. Taking the risk of striking out on your own and of taking a chance on an idea is something that many people just can’t understand.

But it doesn’t have to be a risk. In fact, this is something you can do right now, without any risk involved.

The key is just to start your startup as a side project rather than a full time job. If you and a few friends feel passionate about an idea, work on it in the evenings and on weekends. Only quit your day job when you’re making money!

[dynamitebear-blog]

Flow States and Startups

According to Stephen Kotler, who wrote the book ‘Rise of Superman’, the most successful startups in the world have one thing in common: they spend a whole lot of time in flow states.

So, what’s a flow state you ask? Well, this is a mental state during which we are so incredibly focussed on whatever it is that we’re doing, that time seems to dilate and slow around us. During this time, we can react with super reflexes and the world seems to fall away.

This happens when we’re truly passionate about what we’re doing.

[outdoorspastelnature]