Saturday, April 16, 2011

Light Weight Business Models

As promised in last week's post, here are my slides from the Enterprise Solutions session at the Global Health & Innovation Conference at Yale this afternoon. My hope is that it will help my bleeps design business models that are focused on "ounces of prevention" rather than "pounds of cure." I tried to share some of my thinking on how ideas from "lean start up" folks can be applied to social ventures working on global health challenges.

At the end of my presentation, I offered a free consult to anyone in the audience that was willing to publicly commit, then and there, to design/redesign a business model for a global health venture. I look forward to finding out more about the 16 people who took this first step to jumping in!

I also learned a lot from my co-presenters, and wish that we had more time for discussion following the session. Check out Ted London's new book, "Next Generation Business Strategies for the BOP" as well as the HBR article he referenced. Very helpful resources for thinking about what you want to do, and how you might go about it. It is much easier to travel light if you have friends along the way and rely on local resources, as Ted recommends.

If you enjoyed Michael Fairbanks of SEVEN Fund, I'd encourage you to check out his new blog, the Daedalus Experiment, where you can find out why some social entrepreneurs are like "self licking ice cream cones." Be careful... too much of that type of ice cream will put on the pounds, and you want to design a lean and light weight venture which can fuel itself off ounces of prevention.

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