Business Model Development for Ex-Consultants
After a couple of years Price Waterhouse Cooper, Boston Consulting Group or McKinsey, consultants strive to do something of their own. Sure, in the water heater consulting company you earn your spurs, important skills, understanding, contacts and a pleasant financial cushion. But you don’t want to work there for a lifetime – the structures are too rigid, the added value is too abstract and your life is too often left behind.
It is nicer to build up a responsible, valuable job for yourself. A calling with which you can experience your influence on the world – and be fully responsible. This freedom to live a life as you imagine – that’s fantastic.
A Third of Ex-Consultants go to Start-ups
Around a third of the future ex-consultants (nice, isn’t it?) At these consulting firms found their own start-up or join one after they have left. This is followed by challenging months and years in which completely different skills and knowledge are required than in the consultancy career: the hand tools that are needed to found a start-up, build it up and develop it into a successful company.
You can experience and learn this process, with which you develop a business model from a business idea, up close and practically within eight weeks. At the same time, you will find a team and get to know other founders without their own company.
How an Idea becomes a Business Model
There is a big difference between a business idea and a business model. One is worthless, the other creates value in its implementation.
A business model consists of 9 individual parts. The business model canvas may have already run into you. Our business model canvas script illustrates the concept.
When developing business models, hypotheses are initially used to fill these 9 individual parts:
- Who are the customers?
- How do I reach customers?
- Which channels do they use?
- Who are my suppliers?
- What are my activities
These hypotheses are then checked – through research and rapid experiments. The lean start-up concept is put into practice.
The business model is constantly changing due to new knowledge. This happens within 8 weeks during the Tech Startup School. The business idea becomes the business model, which is presented at the end of the final pitch. If the participants want this, they can release and implement the business model for financing. If this sounds interesting to you, you can apply for the next round. In the meantime, we would like to invite you to learn more about Lean Start-up and the Tech Startup School.