Twice last month like every month since December of 2014 from 6.30 p.m. till 7.30 p.m. every second and fourth Thursday, a crazy bunch of entrepreneurs met, over a cup of coffee, to discuss business models. Yes, this start up community is crazy enough to make a difference in the uprising entrepreneurial community, in today's business world. These meetings took place in 76 cities around the world in cities like Mumbai, Casablanca, London, Dubai, Bangkok, Nairobi etc.
Describing business models and the importance of considering it is imperative. It describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural or other contexts. The process of business model construction is part of business strategy. Different business models like Bricks and Clicks model, franchising etc. were discussed.
Rishie Sinha, City Mayor of Entrepreneur Cafe for Faridabad, shared the V4 BM Framework, citing the elements of the Business Model Canvas from choosing right Key partners, identifying Key resources, identifying the value propositions, focusing on cutomer relationships, Channels, Customer segments, cut down cost structure and revenue streams.
A business without a funding source will flounder under the weight of its own debt. Funding is the fuel on which a business runs. A business can take different avenues to attain funding, and more than one option can be used. The chosen funding will depend on the business' desire to be in debt, how solvent the business owners are at the time the business is founded and the amount of money a business will need to launch and maintain itself through a variety of events.
Entrepreneurial Finance, theme for June, at Entrepreneur Cafe intends to inform budding entrepreneurs about stages of a venture's life cycle from startup to exit, and will delve into issues such as deal structures, incentives, business models and valuation in much greater detail in the presence of Venture capitalists who will enlighten the audience on things to keep in mind while funding startups including the fact that your idea should have the audacity to think big! The theme is given a catchy tagline #GetMeMoneyHoney.
Entrepreneur Cafe is a global movement where entrepreneurs meet to discuss ideas, get feedback or criticism, make friends, build relationship, get inspired or just have a cup of coffee to share a laugh.