When? Find the right time to look at your business model
- 1 - Your solution is well matched to a problem and able to ensure that your startup can answer a market need that has been clearly identified.
- 2 - You have an internal organisation and a solid starting team that can carry the first phase of your startup’s development.
- 3 - Your product is matched to its market and you are aiming validate iteratively if the market is receptive to your offer.
How? Organise yourself to earn money
Innovating a new business model: a means of differentiation
- On pricing: How do you invoice? Is it a one-off purchase? Or a monthly subscription? A rental? An auction?
- On your network: “Surrounding yourself with credible and successful partners allows you to create unique value in the face of the competition, and also to gain in strategic clients, to lower your costs, and even to develop your skills. The startups accelerated by ToasterLAB and who have access to the Vitagora network can tell you about it!”
- On the company structure: How are your teams organised? What machines are you using and what is your level of automation? What are you sub-contracting and what are you producing in house?
- On the manufacturing process: “As a startup, everything must follow a logic of scalability”, explains Nicolas. “You can innovate your in house manufacturing processes so that, with your limited resources, your time and money are not wasted. This means making choices – often to give up the parts of your activity you like to entrust them to an external provider.”
ToasterLAB Program Manager, Claire "VO" is in charge of our start-ups' post-acceleration as well as intrapreneurship. After 12 years with Vitagora, Claire's unparalleled knowledge of our network is put to good use while integrating our startups into the food business ecosystem! E-mail her at: email@example.com