Business Process
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The document outlines the typical business process that a company goes through, broken into 10 main steps: 1. Ideate - Come up with the initial business idea 2. Transcribe - Develop operating, information, and communication models 3. Evaluate - Evaluate factors like total addressable market, network effects, team, monetization and exit plans using metrics like IRR, NPV, time to profitability 4. Build - Develop the core platform and database 5. Communicate - Communicate with customers via email 6. Monetize - Generate revenue through subscriptions, transactions fees, or other fees 7. Grow - Further monetize existing customers and acquire new ones 8. Exit or
Business Process
- 1. Business Process Michael Herlache MBA Doctorate of Business Administration Candidate 2020 Business Process
- 2. Index I. Business Process II. Business Steps III. Ideate IV. Transcribe V. Evaluate V. Build VI. Communicate VII. Monetize VIII. Grow IX. Exit or Diversify Business Process
- 3. I. Business Process Business is a process. The question is where is the company at in the process. Is the company at: 1. Startup 2. Ramen profitability 3. Growth 4. Cash cow 5. Holding company diversification or exit 6. Startup 7. Ramen profitability 8. Growth 9. Cash cow 10. Holding company diversification or exit Business Process
- 4. I. Business Steps I. Ideate II. Transcribe III. Evaluate II. Build III. Communicate IV. Monetize V. Grow VI. Exit or Diversify Business Process
- 6. II. Transcribe a. Operating model in excel b. Information model in PPT c. Communication model in Word Business Process
- 7. II. Evaluate S5 (the startup 5): 1. Large total addressable market 2. Significant network effect 3. Technology/engineer oriented team 4. Clear path to monetization 5. Exit plan IRR NPV Time to RP (ramen profitable) Business Process
- 8. III. Build a. Platform (php) b. Database (submarkets) Business Process
- 9. III. Communicate Communicate via email to the submarket database Business Process
- 10. IV. Monetize a. Subscription b. transaction % c. Fee Business Process
- 11. V. Grow a. Further monetize existing database via more communication b. Start communicating to new submarket database Business Process
- 12. VI. Exit or Diversify a. On the high end of comp companies and comp transactions b. Use cash cow (perpetuity) to fund another startup within the holding company Business Process