![\"experience](\"https:\/\/2.bp.blogspot.com\/-oEArTh1No4E\/V8gZdCLr3WI\/AAAAAAAAAY0\/NALRUvWGQ2YzaUqIjkoDCEf3tj8BFSSpgCLcB\/s1600\/book%2Bon%2Bhead.jpg\" "\\"real")
<\/a><\/td>\n<\/tr>\nIn a bid to be a better entrepreneur,i am constantly acquiring information on business .In the past, I applied knowledge acquired into my business but never got results.
At this point,i began to admit to overthinking issues. Fortunately for me,it was then i stumbled on the business model canvas.<\/p>\n
The business model canvas was designed by Alex Osterwalder,it gives the structure of a business plan without being as cumbersome .<\/h3>\n
It helped me use (or acquire) information to focus and structure my business along a definite path,i developed the ability to choose and channel information appropriately within my business.
The business model canvas simply gave me clarity in business.
Before i discovered the business model canvas ,here are ways i used information for business<\/p>\n
– overdose on it ,assume it would work for my business and apply it.
-over process it and never take action.<\/p>\n
After creating my first business model ,i made it a duty to review it every 6 months,this basically lets me identify deficiencies within the model and tweak it to be better.<\/p>\n
For fresh\/fairly new businesses that are self funded,i recommend THE BOOTSTRAP MODEL ; for more effective result combine your mental model (i.e what you set out to do with the business) with the bootstrap model to achieve a working model,It is better suited and allows new businesses settle into the business world better organised. Learn more about the bootstrap model here<\/a>.<\/p>\n The appropriate time to adopt a business model is when your business has reached a point of stability, i.e when your business revenue is predictable over time and able to sufficiently sustain business operations .<\/p>\n Yours truly, Once upon a time, my sister teased me alot, in between our conversations,she often said , “Na wa o,you can think for Nigeria” (it was her way of saying i overthink issues). A friend of mine once called me a conspiracy theorist; in all fairness to them,i am one to analyze any and everything that […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[54,52],"tags":[],"class_list":["post-83","post","type-post","status-publish","format-standard","hentry","category-business-diaries","category-opportunities-information-news"],"_links":{"self":[{"href":"https:\/\/www.biznessvirgins.com\/index.php?rest_route=\/wp\/v2\/posts\/83","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biznessvirgins.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biznessvirgins.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biznessvirgins.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biznessvirgins.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=83"}],"version-history":[{"count":1,"href":"https:\/\/www.biznessvirgins.com\/index.php?rest_route=\/wp\/v2\/posts\/83\/revisions"}],"predecessor-version":[{"id":638,"href":"https:\/\/www.biznessvirgins.com\/index.php?rest_route=\/wp\/v2\/posts\/83\/revisions\/638"}],"wp:attachment":[{"href":"https:\/\/www.biznessvirgins.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=83"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biznessvirgins.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=83"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biznessvirgins.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=83"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
F.O (The Entrepreneur)<\/p>\n\n