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Business Model Dashboard
           For
  Farm Project Planning




                                             1
   Intermodal Farms-Business Model Process
Farm Project Planning

RFA-Rapid Farm Assessment

  1. Cause, effect, and resolution
+ 2. Customer Development Pivot Model
+ 3. Business Model Categories
  = RFA-Rapid Farm Assessment
Results:
Determine success possibility of Food Projects
Understand resolution priorities for
implementation
Determine viability of action items in relation
to company stage
Determine value of opportunity for farm
development
All on a 1 Page report




                                                                         2
                               Intermodal Farms-Business Model Process
Entrepreneur Training

RFA        Business Model Dashboard



                                                        Business Model Planning
         +                                     =          Project Management




                                                                           3
                   Intermodal Farms-Business Model Process
Building the Business Model


  Categories                               1.

  1. Partnerships
  2. Company Activities
  3. Company Resources
  4. Value Proposition                     2-3.
  5. Customer Relationships
  6. Sales Channels
  7. Customer Segments
  8. Price/Cost Structure Dashboard        4-7.   Features             Functions   Benefits
  9. Profit Centers Dashboard

                                           8-9.




                                                                                              4
                             Intermodal Farms-Business Model Process
End to end process list


          Input           Design           Factory           Export             Import   Retail




 End to End Process

 List the End to End process of raw
 materials, resources, factory
 production, product delivery, shipping
 and retail sales. List the company
 specific processes and the outsourced
 processes.




                                                                                                  5
                                      Intermodal Farms-Business Model Process
Determine Key Partnerships


           Input            Design        Factory           Export              Import    Retail




                                                             Sub
                                         Milling                               Testing   Shipping
                                                          Assembly




Determine outsourced services

What key resources will be
outsourced? What outsourced
services will be key partnerships?
Will these partnerships have a
percentage of ownership in the
startup?




                                                                                                    6
                                     Intermodal Farms-Business Model Process
Value Chain Activities Matrix


        Input   Design        Factory           Export             Import          Retail




  Activities                                               Fill in activities matrix

                                                           For each value chain category, fill in
  Outputs                                                  the key activities, outputs, actors and
                                                           challenges. Determine key activities
                                                           that contribute to the sustainable
  Resources                                                competitive advantage of the value
                                                           chain.

  Actors

  Challenges




                                                                                                     7
                         Intermodal Farms-Business Model Process
Value Chain Resources


       Input   Design        Factory           Export             Import         Retail




 Activities                                               Fill in Resources for value chain

                                                          For each value chain category, fill in
 Outputs                                                  the key resources that contribute to
                                                          the sustainable competitive
                                                          advantage of the company. Key
 Resources                                                resource can be hardware, software,
                                                          patents, human capital and financial.

 Actors

 Challenges




                                                                                                   8
                        Intermodal Farms-Business Model Process
Building customer product relationships


        Input   Design



  Product          Features                  Functions                   Benefits
  Attributes




                                                    Product functions vs. customer needs

                                                    Document the complete list of planned
                                                    product features, functions and benefits.
                                                    Prioritize the most important items that affect
                                                    customer buying habits.




                                                                                                  9
                         Intermodal Farms-Business Model Process
Building customer/product fit and suggested channel


      Input         Design



 Product                     Customer Segment1                         Channel -Segment 1
 Features/benefit




                                                        Product Attributes vs. customer segment

                                                        List the product features/benefits that are
                                                        most important to influence purchasing
                                                        habits for each customer segment and related
                                                        sales distribution channel. Highlight the most
                                                        important purchasing rationale for each
                                                        product. This includes customer needs
                                                        analysis for each feature.


                                                                                                    10
                             Intermodal Farms-Business Model Process
Building Product/channel relationships


       Input     Design



  Product Type            Customer Segment1                         Utilized channel




                                                     Product customer segment to channel fit

                                                     List the proposed customer types (customer
                                                     segment) for each product/feature set and
                                                     the proposed channel to reach these
                                                     customers.




                                                                                                  11
                          Intermodal Farms-Business Model Process
Map Product Value/cost positioning

                                         Value to customer

                                                                           X




Ability to
Provide unique
Product/service


                           dotcom                                      price



             Unique product vs. value to customer

            Plot each proposed product regarding value
            to customer and uniqueness.
                                                                               12
                                 Intermodal Farms-Business Model Process
Determine Cost Structure


          Input           Design          Factory            Export             Import       Retail




 Design and production costs               Cost per product                    Product 1   Product 2

 Estimation of cost of                     Fixed
 production, engineering, shipping, ex
 port, from actual quotations and          Salaries
 engineering estimates of all
 production and support costs.
                                           Building
 10 #’s that matter
 1. Avg. Selling price                     Variable
 2. Life time value
 3. Material cost                          Materials
 4. Distribution channel cost
 5. Customer acquisition cost
 6. Time to market
                                           Processing
 7. Time to positive cash flow
                                           Unit Cost/
                                           Monthly Scale

                                                                                                       13
                                     Intermodal Farms-Business Model Process
Scaling Startup Price Model to Volume Production

Competitor Value Chain Analysis                            Prototype Costing             Customer Contracts
                                                       2                                                    4



                                                                                          © Steve Blank 2003 http://steveblank.com


1
 Competitor pricing                      Prototype/Pilot Plant Driven
                                                                                                  Production/
                                                                                               Accounting driven
                                           Activity/project based
 Estimation of factory, wholesale, and             costing
 retail price from competitor product
 analysis. Determine product offering
 prices against competitors.
                                                                                                 Repeatable
                                                                                                Cost Structure
                                             Cost Structure
                                                                                                For customer
 Before Financials                                                                              commitments
 1. Avg. Selling price                                                     Customer
 2. Life time value                                                      Commitments
 3. Material cost                                                                           Production Methods
 4. Distribution channel cost                                                                        &
                                           Prototype Methods                3                 Business Model
 5. Customer acquisition cost                                                                   Financials
 6. Time to market                                                      Reconcile
 7. Time to positive cash flow                                          Cost Structure
                                                                                                                           14
                                         Intermodal Farms-Business Model Process

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Business Model Dashboard

  • 1. Business Model Dashboard For Farm Project Planning 1 Intermodal Farms-Business Model Process
  • 2. Farm Project Planning RFA-Rapid Farm Assessment 1. Cause, effect, and resolution + 2. Customer Development Pivot Model + 3. Business Model Categories = RFA-Rapid Farm Assessment Results: Determine success possibility of Food Projects Understand resolution priorities for implementation Determine viability of action items in relation to company stage Determine value of opportunity for farm development All on a 1 Page report 2 Intermodal Farms-Business Model Process
  • 3. Entrepreneur Training RFA Business Model Dashboard Business Model Planning + = Project Management 3 Intermodal Farms-Business Model Process
  • 4. Building the Business Model Categories 1. 1. Partnerships 2. Company Activities 3. Company Resources 4. Value Proposition 2-3. 5. Customer Relationships 6. Sales Channels 7. Customer Segments 8. Price/Cost Structure Dashboard 4-7. Features Functions Benefits 9. Profit Centers Dashboard 8-9. 4 Intermodal Farms-Business Model Process
  • 5. End to end process list Input Design Factory Export Import Retail End to End Process List the End to End process of raw materials, resources, factory production, product delivery, shipping and retail sales. List the company specific processes and the outsourced processes. 5 Intermodal Farms-Business Model Process
  • 6. Determine Key Partnerships Input Design Factory Export Import Retail Sub Milling Testing Shipping Assembly Determine outsourced services What key resources will be outsourced? What outsourced services will be key partnerships? Will these partnerships have a percentage of ownership in the startup? 6 Intermodal Farms-Business Model Process
  • 7. Value Chain Activities Matrix Input Design Factory Export Import Retail Activities Fill in activities matrix For each value chain category, fill in Outputs the key activities, outputs, actors and challenges. Determine key activities that contribute to the sustainable Resources competitive advantage of the value chain. Actors Challenges 7 Intermodal Farms-Business Model Process
  • 8. Value Chain Resources Input Design Factory Export Import Retail Activities Fill in Resources for value chain For each value chain category, fill in Outputs the key resources that contribute to the sustainable competitive advantage of the company. Key Resources resource can be hardware, software, patents, human capital and financial. Actors Challenges 8 Intermodal Farms-Business Model Process
  • 9. Building customer product relationships Input Design Product Features Functions Benefits Attributes Product functions vs. customer needs Document the complete list of planned product features, functions and benefits. Prioritize the most important items that affect customer buying habits. 9 Intermodal Farms-Business Model Process
  • 10. Building customer/product fit and suggested channel Input Design Product Customer Segment1 Channel -Segment 1 Features/benefit Product Attributes vs. customer segment List the product features/benefits that are most important to influence purchasing habits for each customer segment and related sales distribution channel. Highlight the most important purchasing rationale for each product. This includes customer needs analysis for each feature. 10 Intermodal Farms-Business Model Process
  • 11. Building Product/channel relationships Input Design Product Type Customer Segment1 Utilized channel Product customer segment to channel fit List the proposed customer types (customer segment) for each product/feature set and the proposed channel to reach these customers. 11 Intermodal Farms-Business Model Process
  • 12. Map Product Value/cost positioning Value to customer X Ability to Provide unique Product/service dotcom price Unique product vs. value to customer Plot each proposed product regarding value to customer and uniqueness. 12 Intermodal Farms-Business Model Process
  • 13. Determine Cost Structure Input Design Factory Export Import Retail Design and production costs Cost per product Product 1 Product 2 Estimation of cost of Fixed production, engineering, shipping, ex port, from actual quotations and Salaries engineering estimates of all production and support costs. Building 10 #’s that matter 1. Avg. Selling price Variable 2. Life time value 3. Material cost Materials 4. Distribution channel cost 5. Customer acquisition cost 6. Time to market Processing 7. Time to positive cash flow Unit Cost/ Monthly Scale 13 Intermodal Farms-Business Model Process
  • 14. Scaling Startup Price Model to Volume Production Competitor Value Chain Analysis Prototype Costing Customer Contracts 2 4 © Steve Blank 2003 http://steveblank.com 1 Competitor pricing Prototype/Pilot Plant Driven Production/ Accounting driven Activity/project based Estimation of factory, wholesale, and costing retail price from competitor product analysis. Determine product offering prices against competitors. Repeatable Cost Structure Cost Structure For customer Before Financials commitments 1. Avg. Selling price Customer 2. Life time value Commitments 3. Material cost Production Methods 4. Distribution channel cost & Prototype Methods 3 Business Model 5. Customer acquisition cost Financials 6. Time to market Reconcile 7. Time to positive cash flow Cost Structure 14 Intermodal Farms-Business Model Process