https://www.edenaccounts.com/contact daily 0.75 2022-02-14 https://www.edenaccounts.com/home daily 1.0 2022-02-14 https://images.squarespace-cdn.com/content/v1/61ae0b1a85d0d6375408a364/1639043183979-TPWA5U1DVMD316CF3BSE/Website+drawings+-+page+1.png Home Visualize the Business Model The business model is at the heart of the enterprise and determines the logic by which the company operates. It’s what creates the value proposition to the customer and drives strategy. It determines how the company makes its money, what its cost structure is, and hence, how much profit it can make. It’s also instrumental in bridging the gap between ideas and numbers. The business model can be thought of as a “machine” with moving parts, fixed parts, ratios, gears, levers, andspin-times. Visualizing it in this way makes it easier to understand the interaction and dependencies between the different parts of the model and opens the door to assigning numerical values to them. https://images.squarespace-cdn.com/content/v1/61ae0b1a85d0d6375408a364/1641761188406-QQSTW3A8LUZNDHZMHP43/Suurennuslasi.png Home Map out key processes and activities The next step is to focus on processes. The objective is to identify those key processes and resources that are instrumental to the business model. The well-known Business Model Canvas tool with its 9 elements is very helpful in doing this. Once identified and listed the processes are mapped out and cost drivers are assigned. In essence, a high-level activity-based costing matrix is constructed. https://images.squarespace-cdn.com/content/v1/61ae0b1a85d0d6375408a364/1643053670602-4WOOMG54HKIHWZS8ZAVK/EL+PLAY.png Home Build a simulation model (or prototype) The final step is to bring the business model into life by putting all the pieces together in numerical simulation model. Having such a tool at your disposal makes building more realistic budgets, forecasts, and valuations possible. In addition, it’s a useful for pinpointing critical profit drivers and in this way helps set KPI’s and assess performance. Finally, it can be used to assess the economic viability of a new business project by subjecting it to scenario analysis and stress testing. https://images.squarespace-cdn.com/content/v1/61ae0b1a85d0d6375408a364/1644404498613-R2T829EDII9B4JP82S7W/Robo+rajattu.jpg Home - Robert Eden I am an experienced and a highly innovative professional with a special interest in business models, new business projects and start-up ventures especially in the new green economy. With years of experience as a chartered accountant and a director in business I have the unique ability to combine finance & accounting with business innovation and strategy. https://www.edenaccounts.com/services daily 0.75 2022-02-14 https://images.squarespace-cdn.com/content/v1/61ae0b1a85d0d6375408a364/1638891198600-VIAD61DNN6KVVEXFNIDV/piirto.png Services https://images.squarespace-cdn.com/content/v1/61ae0b1a85d0d6375408a364/1638891505819-1GUSB1F186GU63JNLFCF/vaaka.png Services https://images.squarespace-cdn.com/content/v1/61ae0b1a85d0d6375408a364/1638891661204-77KIOJ52RTFMOJVZDG7U/taulu.png Services https://images.squarespace-cdn.com/content/v1/61ae0b1a85d0d6375408a364/1638891723890-MN2OCBFM6NCUSHAX8YU1/eurot.png Services https://images.squarespace-cdn.com/content/v1/61ae0b1a85d0d6375408a364/1638892167601-KITCWWQ2WS9OKTWXLNHT/Coffee.png Services - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.edenaccounts.com/episodes daily 0.75 2023-11-29