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Business Modeling for Start-ups: The What, Why and How

  • CPA/ABV
  • CPA (CA)
  • CMA
  • CPA (US)
  • CVA
  • CFA
business model for a start up

2 Credits

$20

Subject Area

Finance

Webinar Qualifies For

2 CPE credit of Finance for all CPAs

2 CPE credit for Certified Management Accountants (CMA)

2 CPD credit (Verifiable) for Canadian CPAs

2 PL credit for Chartered Financial Analyst (CFAs)

2 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

2 CPD credit (Verifiable) for CPA/ABV

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

Business models provide the trajectory to business activities. In absence of a robust business model, the best business organizations may also witness an untimely collapse. Further, while developing a business model, the following vital facts need to be at the focal point- Diversity, Modularity, Openness, Slack resources, Matching cycles, identify your specific audience, establish business processes, develop a strong value proposition, determine key business partners and Leave room for innovation.

Building a strong business model is the key to improving the chance that a new business will have a successful launch and survive over the long term. The business modeling process discussed in this CPE course is a dynamic approach that helps entrepreneurs adapt and change their business model as new information is discovered from prospective customers

Major topics covered in this online CPE webinar:

  • Introduction to Business Modeling
  • Why Build a Business Model?
  • Three Stages of Business Modeling
  • Idea Model: Is There a Market?
  • Idea Model: Is this the Right Business for Me?
  • Idea Model: Can it Make Money?
  • The Foundation of a Business Model
  • Customers with Problems to Solve
  • Finding a Solution with Value
  • Connecting with Customers
  • Identifying Revenue Streams
  • Estimating Cost Structure
  • Creating Metrics for the Model
  • Using the Lean Canvas to Identify Risks
  • Testing the Business Model
  • Pivoting the Business Model
  • Types of Pivots
  • From Customer Discovery to Execution
  • The Traditional Business Model Canvas
  • Transitioning from Business Model Canvas to Business Plan

Learning Objectives

  • To determine how to build an idea model
  • To discuss how to develop a lean business model canvas to prepare for launch
  • To recognize the importance of testing and refining a business model through pivoting
  • To identify the basic types of business model pivots
  • To describe how to develop a traditional business model canvas and use it as a foundation for a business plan
  • To determine the use of three types of business models for each stage in the early development of a new business

Who Should Attend?

  • Accountant
  • Assistant Controllers
  • Business Owner
  • CEO
  • Certified Management Accountant
  • Certified Public Accountant
  • CFO/Controller
  • Chartered Financial Analyst
  • Chartered Professional Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Finance Pros
  • Outsourced CFO
  • Young CPA

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