How to apply the Business Model Canvas

What is the Business Model Canvas for & how do I use it?

Who are your customers? How do you create value for them and how do you make money?

The business model canvas is a framework to compartmentalise the various aspects that bring a business together to create value for its customers. 

The BMC is a incredibly useful tool that provides a visual representation of your business. It lays out how the different operations within your business function in relation to each other and quickly highlights the areas that have not been getting the attention they require. 

In this Meetup session we walk through each of the 9 segments discuss what they are and give some examples and then we applied them to some of our members businesses right then and there!

Some Snapshots of the evening

Some Next Steps

  1. Download your own BCM
  2. If you would like help with your business model canvas email Jason
  3. If you would like help with your business technology go here to create an account and submit a brief.  Sign Up
  4. See upcoming events

Stay In Touch


Meetup 7: Technology Skills of Tomorrow

Technology Skills of Tomorrow

Strong technical skills alone is not enough to run a successful IT project. A combination of communication and soft-skills along with business acumen is needed to be sure that objectives are met and outcomes are delivered.

The Problem

Business owners struggle to articulate what they need in a way that makes sense for a developer to do their job. And equally as much, engineers struggle to articulate the complexities of software to their clients in a way that makes sense to them. Technology is expanding and becoming even more complex, and businesses are relying on tech more than ever. So this problem is only getting bigger.

The importance of communication and soft skills in IT projects

The combination of technical and people skills in IT projects is so great that we have partnered with an organisation who specialises in coaching engineering teams in communication and leadership.

The Accelerator Program (Provided by Cred)

Cred works with governments and corporations to train and develop IT teams in communication and leadership and to focus on delivering business outcomes rather than focusing on only code and features. Cred has partnered with DV to deliver an accelerator program to enable IT specialists to level up their career, be in demand, over-subscribed, and to increase their income and stability. To learn more about this program click here..

The Digital Village Producer

A Digital Village Producer is a project leader who understands people, business and technology and can translate business requirements into technical solutions that deliver business outcomes.

Digital Village connects  ‘hybrids’ (a person who speaks both man and machine) to businesses on a contract and project basis. Learn more about the DV model here.

Meetup 6: Value Based Pricing for professional services. A Design Thinking Workshop

Exploring Value Based Pricing- a Design Thinking Workshop

On the 7th of March 2019 we held our 6th Digital Village Monthly Meetup. 

Value Pricing is a process of pricing a project based on its value to the customer as opposed to using traditional time and materials pricing method. Value pricing is still very early in its adoption within the software development profession. So we ran a workshop style Meetup using Design Thinking methods for us to collectively explore our concerns, considerations, possibilities and opportunities around value pricing. We then broke things down and agreed collectively on solutions to those problems raised.

This article documents the process and the steps we took throughout the design thinking process and summarises key problems and potential solutions.

Step 1: Territory Mapping

The first thing we did, was have everyone write down their assumptions, concerns, considerations and anything they know or understand about value pricing. Everyone is provided a pen and sticky notes and are asked to describe their understanding of Value Pricing.

Dondon Bales (Digital Village COO) introducing the session
The group sticks their thoughts and concerns on the topic to the wall

Step 2: Affinity Cluster

Categorise or group the inputs of everyone into common or similar themes to categorise patterns based on everyones’ input. It was interesting seeing the diversity in thinking and opinions of people and it was quite a challenge to then group the thinking into 3-4 clusters.

We determined 3 key clusters from the collected inputs and they were:

  1. Cons and Resistance
  2. Benefits
  3. Value Process & Value Determination
Communicating and determining Value
Cons and Benefits
Determining Value

Step 3: Define a Problem Statement

We broke everyone into 3 groups and each group was allocated a cluster and given the task of defining a problem statement that best represents that cluster.

A problem statement is structured by completing the following sentence:

How might we…”

The 3 groups discussing their cluster of ideas and coming to a summarising problem statement

The problem statements that were developed were:

  1. How might we address the needs and expectations of the customer in a collaborative and efficient way?
  2. How might we understand the core value proposition? How might we assess/evaluate the commercial value proposition?
  3. How might we measure and communicate value?

Step 4: Creative Matrix

Creative Matrix

Once the 3 groups had completed their problem statement for their allocated cluster, we were ready to create a matrix to explore possible solutions to each problem statement using enablers such as technology, process and policy, and anything else that may assist in enabling the possible solution to the problem.

We then did another round exploring what would you do if you were an… airline.

The 3 groups present their problem statements and Dondon adds them to the creative matrix

Observation:

The collective intelligence of the group was fascinating. The ideas that come from each person being inspired by in-person communication and collaboration were original, dynamic and progressive. The emergence of new thinking from the amalgamation of thoughts and experience blew me away.

Everyone coming up with individual ideas for solutions
 

Step 5: Visualise the Vote

Once we had exhausted ourselves coming up with potential solutions to the problems, we individually voted on our favourite solution for each problem. This activity is carried out in one instance where everyone is to post their voting sticker on the idea that they believe to be the best. We do it at the same time to avoid people being influenced by others.  You can see the respective votes from the green dots.

Visualise to Vote: the group voting on their favourite solution
Completed Creative Matrix
How might we understand the core value proposition? How might we assess/evaluate the commercial value proposition?
How might we address the needs and expectations of the customer in a collaborative and efficient way?
How might we measure and communicate value?

Summary

From the session we discovered that the most popular solutions to all 3 problem statements all included a common thread of transparency, collaboration between stakeholders, feedback, data collection and measurement. The collective findings show that the key elements of successfully implementing value pricing would entail engaging in open questions to determine what’s valuable to the customer, co-creating solutions with the customer to address their true needs, conducting qualitative research and determining ways to quantify and measure the value of the outcomes.

Value Pricing has great potential for both buyers and suppliers to come to a mutually beneficial agreement. The better the communication, the more likely the result to be satisfactory.

The biggest take away in this for me was the way in which such completely different ideas can come to work together and produce totally unique outcomes. Most of all, it was fun.

Feedback: Rose, Thorn, Bud

In the spirit of design thinking, we took 1 minute for everyone’s feedback on the event and on their experience of Digital Village in general. There was some lovely notes, and there was some valuable lessons that can be learned for us to improve what we do and what is important for people.

Rose: All the positive things a person like about it.

Thorn: Things they didn’t like.  

Bud: Opportunities and suggestions for the future.

Rose

Thorn

Bud

Join us at out next Meetup

Find out how Digital Village can deliver value to your business


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Meetup 4: Tech Project Role Play

A People first approach to running tech projects

People are the centre of everything we do. Friends, family, community, business, economy.

Although we live in a digital world, we are still people. The purpose of these Meetups is for us as people, people in the technology space, (whether that be building it or relying on it for our businesses) to share and learn from one another and hear perspectives from both client and developer sides to help us all run better projects together.

In this Meetup we explored some common scenarios where people are at the centre of the problem, not the technology. We then re-group to sit down and examine each scenario in a  little more detail.

Role Plays

Each participant is given a script with a character to play.

On your card you will see a character and persona of your Village alter-ego. You have a problem you are trying to solve or a job you are looking for. Take a walk around our makeshift Village to find a person that matches your needs.

If you meet a person and they are not the person your looking for, move on to asking the next person nearby. You should have a card that provides leading questions to ask the other person.

Once you have matched with someone, and have completed the questionnaire, write that person’s name at the top of that meeting for later. And then move onto the next conversation.

Scenarios

1. Ecommerce Post-Life Cat Shop

Jenny has an Ecommerce site selling post-life cats. Her taxidermy felines from all around the world were a big hit last year but this year she has seen that her cart abandonment rate has increased to over 80% for the last 6 months.

View Conversation Scripts

Questions rasied

  • Might this scenario result in a successful outcome for both parties?
  • Are desirable outcomes/results likely to be achieved?
  • Feeling of trust and partnership?
  • Likelihood of future engagement?

2. Mobile App for a Startup

Malcolm has been working with a developer to build this mobile App that enables people over 70 to learn how to skateboard. The project has been deemed complete bt there is some bugs that he has found and wants to talk to the developer about fixing them.

View Conversation Scripts

Questions rasied

  • Might this scenario result in a successful outcome for both parties?
  • Are desirable outcomes/results likely to be achieved?
  • Feeling of trust and partnership?
  • Likelihood of future engagement?

We hold these Meetups to share and learn from each other to make the journey an enjoyable and fulfilling experience that results in success for our personal and business lives. Whether your a freelancer, agency, startup or established business. We all experience the same problem; People. The right people for the job, the right people to work with,  communicating effectively to people, and understanding people. (We may never fully understand people).

 

Meetup 3: Playing Cards

Aligning work and life so they compliment each other

The purpose of this meetup was to connect with fellow Digital Project Managers and tech specialists and share our experiences and knowledge for us all to run more effective projects.
To explore how we as technologists and change makers can build a solution to the following question:

How can we (as people in tech) align our personal purpose with our work so to make a good living by working on projects that have a positive contribution to society and the world?

This is something I believe to be important not only to our personal happiness and fulfillment but to the world we live in. If we are not working towards a better future for people and planet, then we cannot expect life to remain as dandy as it is now.

We are now at a point in time where we have the technology, the knowledge and the capacity to solve all the problems in the world. These meetups are a step towards building technology for a better future.

Talking work, talking life

20 technologists, change makers and business owners created a circle at the beautiful Sydney Work Club and played cards. Thankyou to everyone for sharing and the great conversations that were had.
We spoke about;

  • Careers and life choices
  • The challenges of Freelancing
  • Problems faced when building technology products
  • Successful Project Management Insights
  • social organisational structures
  • and much more

 

How does the card game work?

There is 6 decks of cards and each deck represents a category (Web Development, Freelancing & Entrepreneurship, Technology & Impact, Project Management, Work:Life Balance, and ‘Did you know”). On each card is a statement or question.

Sitting in a circle, a dice is passed around, and when rolled the landing number dictates which deck of cards the participant picks ups, reads out and starts a discussion.

 

Some questions asked

 

In the design process is it better to work with one person or a team to make design decisions?


 
I’m just starting out in Web Dev, am I better of specialising in one Language?


How To Quote a Project based on value rather than by the hour?


Why do people Freelance?


As a business owner. what are your biggest challenges faced when building your product or website?

What makes a good Digital Project Manager?


When is it a good scenario NOT to use offshore teams?

 You can hear some snippets below and send us your email to subscribe to the whole podcast and future recordings. 


Join us at the next Meetup!


Join us at the next Meetup!

RSVP now to secure your spot for the next game.


See dates

August 6, 2018

WHAT IS DIGITAL VILLAGE?

 

“…the focus is always to grow, as individuals, as a team, as a village, as a planet”

When I think of Digital Village (DV) I picture 2 scenarios, the first is a physical one, where I see how the village is for me, and then a symbolic one, where I imagine the values and philosophy that unite all the villagers.

 

I imagine an actual village, houses made of wood or bamboo, somewhere where there are mountains to climb and oceans to surf, I picture a calm environment, where people are happy and respect each other and the environment, where we fuel our bodies and souls in a healthy way, I see basic way of living but where technology helps us being sustainable.

The reason why I picture a physical space it´s because when I think of that space, I feel calm, relax, and somehow that I belong somewhere.

I also imagine a place where people share the values that allow us to work together for single main objective, which is leaving this planet in better condition that what we founded it, and enjoying the process to get there, otherwise we achieved nothing. But I also imagine people having different believes and culturtes, this creates conversation between the villagers, conversations that lead to new ideas, projects or simply emotions that make the village grow.

Teamwork, respect for everybody and everybody’s time it’s a basic for the villagers, I imagine a place where people feel part of, where love has a space in everyone’s heart, but at the same time have the decency and touch to say what we think without hurting people, the focus is always to grow, as individuals, as a team, as a village, as a planet.

But the most important thing I see when I think of DV if that has the potential to create a new way of living, where sustainability is written in everyone´s DNA, a way of living that allow you to melt work and leisure so all of us, eventually, have better life conditions.

I also hope that whatever you have created in your mind reading this words, whatever other village or values that you imagined is what will connect everyone in the village, regardless of the actual existence of a physical space for a village (which I really hope it exists one day) 

Yeeww!!!

Innovation Accounting

A way of evaluating progress when all the metrics typically used in an established company (revenue, customers, ROI, market share) are effectively zero

Eric Ries (author, The Lean Startup)

 

 

 

Measuring Success

Satisfaction

  • Is there anything more important that User satisfaction?

 

  • Our hypothesis is that if everyone on all sides of the 3-sided marketplace are satisfied, then this will result in positive financial outputs.

Our metrics are advanced rating systems where we measure true satisfaction of all users.

 

How does satisfaction correlate to cash?

Digital Village runs project

 

We are developing a matrix that is again derived from Lean Startup (page number) that measures a users wants and needs is relation to the different experiences the business offers.

 

Client Producer Specialist
Personal Needs

(internal)

90/100 50/100 20/100
Interactions with others

(External)

50/100 70/100 70/100
Interaction with DV (platform tech etc) 30/100 85/100 50/100