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

  • Accountant
  • CPA/ABV
  • CPA (CA)
  • CGFM
  • CMA
  • CPA (US)
  • CVA
  • CA - ICAEW
  • CFA
  • ChFC
  • ACCA
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CBA/MCBA
  • FPAC
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: November, 2021

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  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Building a business model
    5 mins
  • Matching idea to "ME"
    16 mins
  • How do you learn about your customers?
    32 mins
  • Revenue model checklist
    52 mins
  • Customer development: Testing the business model
    67 mins
  • Traditional business model canvas
    83 mins

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

Recommended For

  • This CPE course is recommended for CPAs, CMAs, CVAs, CFAs, ABVs and any other professional who is interested in getting an understanding of why business modelling plays an important part in building and developing business.

Who Should Attend?

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

Course Qualification

Webinar Qualifies For

  • 2 CPD Credit of Finance for Chartered Professional Accountant (CPA Canada)
  • 2 PL Credit for Chartered Financial Analyst (CFA)
  • 2 CPE Credit of Finance for Certified Valuation Analyst (CVA)
  • 2 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 2 CPE Credit of Corporate Finance for Certified Management Accountants (CMA)
  • 2 CPD Credit of Finance for Accredited in Business Valuation (ABV)
  • 2 CPE Credit of Finance for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 2 CE Credit for Certified Wealth Strategist (CWS)
  • 2 General Credit for Accountant/Bookeeper
  • 2 CPD Credit for CA - ICAEW
  • 2 CPD Credit for Chartered Certified Accountants (ACCA)
  • 2 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 2 CPD Credit for Chartered Accountants - Scotland
  • 2 CPD Credit for CPA - Ireland
  • 2 CPE Credit for Certified Government Financial Manager (CGFM)
  • 2 CPE Credit of Financial Planning for Chartered Financial Consultant (ChFC)
  • 2 CPE Credit for Financial Services Certified Professional (FSCP)
  • 2 CPE Credit of Financial Planning for Chartered Advisor in Senior Living (CASL)
  • 2 CPE Credit of Financial Planning for Chartered Special Needs Consultant (ChSNC)
  • 2 CPE Credit of Financial Planning for Retirement Income Certified Professional (RICP)
  • 2 CPE Credit of Financial Planning for Wealth Management Certified Professional (WMCP)
  • 2 PL Credit for Certificate In Investment Performance Measurement (CIPM)
  • 2 CRE Credit for Certified Corporate FP&A Professional (FPAC)

Additional details

  • Course Level :
    Basic
  • Credits :
    2
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Jeff Cornwall

Founder & CEO, Entrepreneurial Mind LLC

Growing up, entrepreneurship and small business was normal dinner time conversation at the Cornwall household. This set the stage for a decades-long career pursuing entrepreneurial ventures and sharing his knowledge in the classroom. He has spent more than forty years as a serial entrepreneur. In the 1970’s he started several small businesses and was involved in various family ventures. In the late 1980’s, following several years in academics, Dr. Cornwall co-founded Atlantic Behavioral Health Systems in Raleigh, NC and spent nearly a decade leading the company as President/CEO. After growing to more than 300 employees, he and his partners sold most of their healthcare holdings. After the sale, Dr. Cornwall decided it was time to return to the classroom to share his experience and knowledge with aspiring entrepreneurs.

In his academic career, Dr. Cornwall received national awards for his work in curriculum development and teaching. In 2013 the United States Association of Small Business and Entrepreneurship named Dr. Cornwall the National Entrepreneurship Educator of the Year. Currently, Dr. Cornwall is the inaugural recipient of the Jack C. Massey Chair in Entrepreneurship and Professor of Entrepreneurship at Belmont University in Nashville, TN. He also was the founding Director of the Center for Entrepreneurship at Belmont and led the center during the first ten years of its operation during which it was ranked among the best programs in the country.

Dr. Cornwall’s blog, which launched in 2003, is among the most popular blogs focusing on small business and entrepreneurship. It was named One of the 100 Best Websites for Entrepreneurs by Forbes magazine. His writing has been quoted in Wall Street Journal, Entrepreneur, Inc, Forbes, and US News and World Report.

About Company

Entrepreneurial Mind LLC

entrepreneurialmindllc.com/

Entrepreneurial Mind, LLC is a digital educational content company specializing in Entrepreneurship and Small Business Management. Our catalog includes twenty-one video courses (nineteen for adult learners, one for youth learners, and one for Spanish speaking learners) related to starting, managing, and growing businesses of all types across all industries. These courses can be bundled together as modules into more comprehensive certification programs to meet the needs of your learners. Total runtime for each individual course is 1- 3 hours, broken down into 3-12 minute lessons.

Faq

FAQs content

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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.8

14 Ratings

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SF

Svetlana Fomitcheva, CPA (US)

Dec 30th, 2021

Super-useful information well-organized and well-presented.

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