Tag Archives: business model

Business Me Young entrepreneurship workshop comes to Pretoria – 1 July 2017, free for youth aged 16 To 25

Are you interested in entrepreneurship and struggling to get started? Come to BUSINESS ME YOUNG.

BUSINESS ME YOUNG is an elaborate half-day entrepreneurship course targeted at youth aged 16 to 25. It is created and presented by Tiisetso Maloma, who’s an entrepreneur and author of books such as The Anxious Entrepreneur and Forget the Business Plan Use this Short Model.

The next BUSINESS ME YOUNG is powered by Standard Bank. It takes place in Pretoria at Standard Bank Hub Hatfield on 1 July 2017, 9am to 12:30 PM.

A magician’s model VS. a business model

This is an extract from this article here

Wikipedia says: “A business model describes the rationale of how an organization creates, delivers, and captures value (economic, social, cultural, or other forms of value).”

Therefore a business model is primary for entrepreneurs to understand. As it’s the magic of creating and/or innovating value in products, turning revenue (profit) on the value and growing your venture.

Think the TV series Breaking The Magicians Code, the business model is the trick (not actual magic) which the magician devices, hoping it will give people transcending entertainment. I guess a good magician comes up with new tricks or innovatively recycles.

Us the audience, see the trick in its final form, now as magic (oh such joy and intrigue

EBC business model checklist canvas

Go here to a download PDF of canvas. EBC stands for Essential business components, its detailed in my book Forget The Business Plan Use This Short Model.  Go ahead check it and learn the analogy I make below (a magician’s business model).

EBC business model check list - updated

The EBC business model canvas points out 6 components which are crucial for entrepreneurs to focus on; they fit most business types, and serve as guideline of what is vital in running a profitable, sustaining and growing business.

The EBC model is not limited to venturing by entrepreneurs; it’s usable by other value providers such as consultants, freelancers, photographers, musicians, designers, engineers and others.

  • In one sheet, crucial business essentials are pointed out, to easily remind you
  • It helps you to create products of value, purpose and efficiency to users
  • Helps you prioritize marketing effort and spent to generate cash flow the quickest
  • Helps you diagnose weakness in the venture processes quickly
  • Instills a quick progressive decision making mindset (sanity)
  • Readies your mind to distribute/deliver products efficiently

Wikipedia says: “A business model describes the rationale of how an organization creates, delivers, and captures value (economic, social, cultural, or other forms of value).”

Therefore a business model is primary for entrepreneurs to understand. As it’s the magic of creating and/or innovating value in products, turning revenue (profit) on the value and growing your venture.

Think the TV series Breaking The Magicians Code, the business model is the trick (not actual magic) which the magician devices, hoping it will give people transcending entertainment. I guess a good magician comes up with new tricks or innovatively recycles.

Us the audience, see the trick in its final form, now as magic (oh such joy and intrigue). The EBC canvas is meant to help you create that magic.

Business plans are long, tedious to manage and frightening to aspiring entrepreneurs. More-and-more experienced entrepreneurs and startup experts are joining the say: ‘forget the business plan’. Without mention of names, Google the phrase.

Lets keep the conversation going tiisetso.maloma@gmail.com. Let’s keep the conversation going tiisetso.maloma@gmail.com. Print books in South Africa are available from my office (free courier), mobile – 072 744 6142, tel – 012 767 8084, info@largecom.co.za

EBC business model canvas by Tiisetso Maloma is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License. Based on a work at http://tiisetsomaloma.com. Permissions beyond the scope of this license may be available at http://tiisetsomaloma.com.

The compassion of a business model

Keep going. This is the generally given advice on tackling and choke-slamming doubt, and the feeling of ineptness that creeps in on one, when one’s executed actions towards a goal aren’t proving fruitful.

I did this with gabble heights Clothing, I even paused/abandoned other business pursuits to zone my focus on one unit of enterprise. Months went by; sales weren’t that great or even improving. Other income opportunities were lost of course, now came in the daunting and depressing feeling of not affording one’s self: shelter, food and R45.00 for a six pack of Windhoek beer.

Mentally I wasn’t ok, physically I was doing well (exercise is good for the mind), but I was ‘keep going’.

FORGET THE BUSINESS PLAN USE THIS SHORT MODEL, a Book by Tiisetso Maloma

cover - Forget The Business Plan Use This Short Model

Find it on Amazon, Apple iBookstore and Kobo.co.za.  

For print book orders within South Africa, click here to order.

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This book is an entrepreneurship management tool or business model called EBC Business Model Canvas. EBC stands for Essential Business Components. For a free one-page EBC Checklist, find or download on Google.

This book is an entrepreneurship made uncomplicated and efficient!