WEDNESDAY OCTOBER
16 6:00PM-9:00PM
TECCONNECT - LETHBRIDGE, AB - 3582 30 ST N TICKETS FROM $30.00
What's Supporting My Business Idea and Model?

You’re only as good as your team they say, and this holds true for analyzing the operation and refinement of your business model. In order to operate successfully, you’ll need to be thoughtful about how you source your inputs, who you affiliate with – like who distributes your product to the end consumer, and the extent of your team that will be needed to keep things running internally. These, along with overhead costs, can look different for two businesses with identical products and services, and there are so many variants and choices depending on your preference and outlook. Therefore, it is important to take the time to know and map the resources you currently have access to and to also think about what you might need into the future. Not spending enough time considering the back-end of your Business Model Canvas carefully can lead to things like service disruption, deteriorated relationships and reputation, and possibly even bankruptcy or dissolution. This session will ensure you are thinking clearly about the present and to identify how future developments might positively or negatively affect your business model. Thinking about these components before putting products and services on the market will improve your chances of success.

Session activities and materials:

• Conduct your Back-end Business Model Canvas analysis - Understand, establish and consider:
o Key Activities
o Key Resources
o Key Partners
o Cost Structures
• Discuss Operational Efficiencies, Revenue Streams and enhance considerations after reviewing Cost Structures – If your revenue is drastically lower than your expenses, you have a negative equation
• Learn and discuss different Business Models

Building towards the finalization of your Business Model Canvas, this week’s lesson covers the final areas that are crucial for your well-rounded approach to success and you’ll be able to see your map in action!


Date: October 16, 2019
Session Time: Wednesday Evening, 6:00 pm – 9:00 pm (dinner included)
Session Cost: $30

*Dinners will include vegetarian options and you will be asked to indicate this on registration. If you require specific preparation/ingredient exclusions, we encourage you to bring your own dinner.

If experiencing financial hardships, contact Eyren Uggenti at eyren@chooselethbridge.ca for subsidy information.

Buy tickets to Entrepreneurship 101 - Session 5: Building the Back-end of the Business Model Canvas

E101 - Session 5: Building the Back-end of the Business Model Canvas - Registration $30.00