A group of entrepreneurs participate in a 24-hour event, either in person or online, where they use the BAM Connect Platform with the help of BAM Connect Trainers to create their Business As Mission Model Canvas and practice their pitches.
A business as mission model allows you to describe your business using eleven building blocks with Great Commission Inside. It's a practical tool designed to help you describe, test, implement, and manage your business. At the end of the course, you will have the first version of your business model written on a page with eleven building blocks, ready for presentation and implementation. The Business as Mission Model aims for your business to actively participate in the process of redemption and restoration of creation initiated by Christ by sacrificing everything to bless others and transform culture.
The Beneficiaries Building Block defines the different groups of people or organizations an enterprise aims to reach and serve. In a Business as Mission Model Canvas they can be customers, employees or other groups of people outside the organization that we plan to serve.
If you want to create a value proposition for your mission-driven company, then you need to include one or more groups of beneficiaries that you want to serve and show how you will create value for them. We suggest a different form for creating a value proposition statement that people truly understand. "We help X, offering Y for Z," where X is your mission, the main reason you exist as a company, your calling from God. Y is the solution that you offer to solve the customer’s problem, and Z is the customer segment that uses your solution and buys into or sustains your mission.
When you buy a product or service, you expect that the supplier will do everything in his or her power to serve you. Some examples of products and services that you are using are: the doctor that treats you, the chef making your plate, the bread you buy at the bakery, the car you pick up brand new from the dealer, the Uber driver transporting you to your next destination, or the hairstylist dressing your hair.
The Channels Building Block describes how a company communicates with and reaches its beneficiaries to deliver a value proposition. Channels are Beneficiaries touch points that play an important role in the Beneficiaries experience.
If you have the desire to start a business, then it is most likely that building relationships with your customers and beneficiaries is one of the reasons. Business with Kingdom Impact is about building relationships with people. Whether it is your customers, suppliers, employees, or the neighboring business next to you.
Every business model calls for a number of Key Activities. These are the most important actions a company must take to operate successfully. Like Key Resources, they are required to create and offer a Value Proposition, reach markets, maintain Customer Relationships, and earn revenues. And like Key Resources, Key Activities differ depending on business model type. Software development is one of Microsoft's most important activities. For PC manufacturer Dell, Key Activities include supply chain management. For the consulting firm McKinsey, Key Activities include problem solving.
Companies forge partnerships for many reasons, and partnerships are becoming a cornerstone of many business models. Companies create alliances to optimize their business models, reduce risk, or acquire resources. We can distinguish between four different types of partnerships, which are: strategic alliances between non-competitors; competition; strategic partnerships between competitors; joint ventures to develop new businesses; and buyer-supplier relationships to assure reliable supplies.
Every business model requires Key Resources. These resources allow an enterprise to create and offer a Value Proposition, reach markets, maintain relationships with Customer Segments, and earn revenues. Different Key Resources are needed depending on the type of business model. A microchip manufacturer requires capital-intensive production facilities, whereas a microchip designer focuses more on human resources.
What will it cost to start or grow your business? It’s hard to know for sure, but it’s important that you start planning early on to avoid any unforeseen expenses. While you may not know exactly what those expenses will be, you should know what it will cost to start or grow your business based on research and the building blocks of cost structure and revenue streams.
The Cost Structure describes all costs incurred to operate a business model. This building block describes the most important costs incurred while operating under a particular business model. Creating and delivering value, maintaining Customer Relationships, and generating revenue all incur costs. Such costs can be calculated relatively easily after defining Key Resources, Key Activities, and Key Partnerships.
The Revenue Streams building block represents the cash a company generates from each Customer Segment (costs must be subtracted from revenues to create earnings). If customers comprise the heart of a business model, Revenue Streams are its arteries. A company must ask itself: For what value is each Customer Segment truly willing to pay? Successfully answering that question allows the firm to generate one or more Revenue Streams from each Customer Segment. Each Revenue Stream may have different pricing mechanisms, such as fixed list prices, bargaining, auctioning, market-dependent, volume-dependent, or yield management.
Preparing for an investor presentation can be a pretty daunting task. Whether it’s your first time sending a pitch deck to investors or you’re presenting in front of 5000 people, a solid structure is fundamental for a coherent and commanding presentation. Communicating your message with clarity is everything. Given that you have limited time to present and captivate investors, presenting with passion, simplicity, and power is paramount. We suggest that you organize your pitch deck in the following order as a general guideline. Remember, you only have a short amount of time for this pitch, so practice until it’s perfect and stay focused!
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