Ireland as we know is experiencing an ongoing chronic housing shortage which is contributing significantly to the homelessness crisis in Ireland – the critical issue needs an innovative approach to develop a solution. How can elements of the lean startup approach used in the entrepreneurial world be used to analyse a public problem and start to develop solutions? In particular, how can a lean concept such as the Business Model Canvas (BMC) be used to start to think about what a solution might look like and how it logically might fit together?
The Business Model Canvas is a strategic management and lean startup template for developing new or documenting existing business models. It is a visual chart with elements describing a firm's or product's value proposition, infrastructure, customers, and finances.
The Business Model Canvas has given a good framework to start to think about building businesses where generally the aim is to earn more money than you spend. What if you’re local or central government, a public body or part of the not-for profit sector? In these cases, you don’t earn money (all the time!), but you mobilise resources and a budget to solve a particular problem and create value for a given group (e.g. HSE – service recipients, GPA – players, SEAI – households & companies, Arts Council – the general public, NTA – drivers on the countries roads, etc.).
With a focus on benefits delivered over revenue and profitability the Business Model Canvas needs four tweaks to make is a useful tool in this sector:
Keogh Consulting looks to help individuals and organisations deliver the right projects the right way. Here is some of our knowledge and a few case studies that we hope will help you on your project journey.
Project Cost Calculator & Database
Cost Rental Simple Model
Cost Rental Complex Model