Business Models
What is one business model?
Ex. Subscriptions, advertisements, middleman services (Facebook Marketplace)
What company connects travelers with homeowners without owning the homes?
Air BnB
How many things were you SUPPOSED to have written down for today.
Three
What expensive product do printer companies often sell repeatedly after selling the printer?
Who founded Microsoft
Bill Gates / Paul Allen
Name 3 companies that deliver food to your doorstep?
Main responses: Uber eats, Doordash, Hello fresh
McDonalds
Who is the best club exec?
Ando
If you think your business has no competition, what should you probably do?
Look more closely for competition
What is the first thing you must prepare in a company?
Your business idea in one line
What business model connects buyers and sellers and takes a cut of transactions?
Marketplace
What is the difference between a stakeholder and a shareholder
Stakeholder is someone who is affected in any way by the business, a shareholder is someone who owns a portion of the company through shares.
Who made this Jeopardy?
What business model sells a cheap basic product but makes money from repeat purchases?
Razor and blade model
What is the main reason a customer would choose your business over another?
Value proposition
What business model charges customers regularly for continued access to a product or service?
Subscription
What are the four parts of a value proposition?
Who, problem, what we do, and alternative
Who runs chess club?
Wesley / Enze
How many sentences should your value proposition be?
One sentence with all four parts filled in.
What is an entrepreneur
An entrepreneur is someone who sets up a new venture, taking on financial risk for potential reward.
What business model charges customers directly for work done by the hour or project?
Service or agency
Why is saying 'we help students study better with AI' a weak value proposition?
It is too generic and doesn't specify the target customer, problem, solution, or alternative.
What is the SECOND most popular search engine and the company who owns it? (Google is #1)
What should you do if your value proposition could describe 50 different companies?
Narrow your target market or scope.
Who is the current CEO of apple?
John Ternus