How to visualize a business model and which tool to use

Business model is what answers the question about how your business works and how you make money. Explaining this can be difficult if you are not sure where to start. In one of my recent articles I show how to answer the question “What’s your business model?“. The article can help anyone to give an answer that makes people listen and ask more questions. But what if your counter partner wants to know what your business model looks like? Or… Read more

How to spot business opportunities?

There are many ways to spot business opportunities. For example by copying ideas used in your own field or those found in completely different areas. Or by absorbing more information through traveling, reading, and listening to people talking about their lives. While business opportunities are mostly discovered and then exploited, they can also be created and then exploited1. Opportunity creation involves much more uncertainty than opportunity discovery and requires visionary skills that allow for developing ideas people haven’t even thought… Read more