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BUSINESS
IDENTIFICATION
JETPACKSTAGE 1
2
JETPACK©
Stage 1
www.jumpstartjetpack.com
3
TABLE OF CONTENTS
INTRODUCTION
PROCESS
CUSTOMER VALUE PROPOSITION
BUSINESS MODEL CANVAS
MISSION & VISION STATEMENT
NEXT STEPS
RESOURCES
ABOUT THE AUTHOR
04
05
06
08
12
14
15
16
4
INTRODUCTION
Each workshop within this series is intended to build and develop upon each other, acting as pieces of a
whole. This first workshop provides you with the foundation for understanding how your business or orga-
nization delivers value to your customers and the business model that allows that to happen. Throughout
this process you will achieve the following goals:
•	 Better understanding of your business’s value
•	 The model for your business’s operations
•	 How the customer value proposition forms into a mission statement
•	 How a vision statement acts as your guiding light
The objective of this workbook is to provide you with a written resource that works along side the work-
shop session. Each of the four stages provide a workbook tailored to the goals and method of the event.
It is your objective to write and store your data from the workshop within the workbook provided. As you
take part in each of the following workshops you will have a compiled resource book that is geared to-
ward understanding your business or organization’s soft assets.
JETPACK©
Stage 1
www.jumpstartjetpack.com
5
PROCESS
JETPACK©
is a four-stage toolkit for identifying and developing the soft assets of your venture. Each
stage is designed and organized to build upon one another while providing you with a process and se-
ries of tools to better understand your venture’s business model, brand, and development needs. As you
move through the stages, JETPACK©
will provide you the capability and empowerment for starting your
venture be it a new business or non-profit organization.
BUSINESS
IDENTIFICATION
Understanding how the
opportunity is delivering
value to its future customer
within a business context.
MARKET
IDENTIFICATION
Identifying the assets in a
community, global, or market
landscape that have an
influence on your concept.
BRAND
IDENTIFICATION
Capturing the elements that
surround the opportunity to
cultivate and develop and
authentic brand and story.
GOAL
IDENTIFICATION
Building the foundation and
ability to assess, identify,
and move forward with the
future opportunity.
6
CUSTOMER VALUE PROPOSITION
The Customer Value Proposition (CVP) is a brief
statement that builds a focused description of the
value that the business delivers for the customer.
The reason for its structure is to help the entrepre-
neur ensure that they have expressed how value
is defined from the customer’s standpoint. This is
a particularly useful and compelling if the offering
is similar to many others in the marketplace, as it
helps the entrepreneur focus on the necessities of
standing out.
To help illustrate this, an example might be opening
a coffee shop in an already developed market. How
and why would that coffee shop be a success? Is
it about location, a particular thing that the service
does, or how it accomplishes that thing? This kind
of question must be answered within the customer
value proposition, and because of the format the
CVP provides, it can help spot generic answers
or weak reasoning. It forces the organization and
the audience to imagine and test their core focus
and all other aspects of the customer value prop-
osition. With this, it verbally tests their ideas with
themselves and others and provides a blueprint by
which operational features or other strategic plan-
ning can be questioned, detailed, and built upon.
Here is the basic structure of a Value Proposition:
For (The Target Customer)
Who (Statement of the Need or Opportunity)
Our (Product/Service Name)
That (Statement of Benefit)
Here is an example of a Value Proposition for the
food co-op Green Food Garden:
The Green Food Garden is for local citizens and
their neighborhoods, as well as, local business,
government and community organizations that are
seeking to better connect farm-to-table urban gar-
dens with local businesses while providing training
and resources. The Green Food Garden leverages
local partnerships and community resources for
educational and workforce development training
to empower the use of urban farming within Savan-
nah. This is done through a membership based
initiative, training programs, incentives based
neighborhood competition, and farm-to-table retail
with local businesses.
JETPACK©
Stage 1
www.jumpstartjetpack.com
7
CUSTOMER VALUE PROPOSITION
8
BUSINESS MODEL CANVAS
The Business Model Canvas (BMC) is a tool for
visualizing and developing the entire business
model. The canvas was developed by Alex Os-
terwald and his team in the book Business Model
Generation and for more information we encourage
to read the book. As a tool it is broken down into
nine distinct blocks that are all interrelated and
represent the core elements of how a business or
organization functions. Like the other tools used in
JETPACK©
the BMC is valuable because it forces
explicitness in planning, and because it helps en-
sure that these nine bases have been considered.
The organization of the canvas is set up in a right
and left half. All blocks on the right half represent
external factors (outputs, customer focus, and
relationships), while the left side focuses inward,
concentrating on internal processes and concerns.
Payment Providers
Ex. PayPal
Traveler Networks
Key Partners Key Activities
Key Resources
Cost Structures Revenue Streams
Channels
Customer
Relationships
Customer Value
Proposition
Customer
SegmentsPlatform
development &
maintenance
Traveler Networks
Selection of local &
international places
to rent
AirBNB Brand
Platform Development & Design
Local & Traveler Insurance
6-12% Booking Fee (Traveler)
3% Successful Booking Fee (Local)
Word of Mouth
Social Media
Local Events
Partner Program
24/7 Customer
Support
Online
Community Ranking
Local Brand
Ambassadors
Travelers (Renters)
Budget Travelers
Business Travelers
Globetrotters
Stay in unique
places with locals,
meet new people
(traveler)
Rent out and extra
room, share local
knowledge, meet
travelers (local)
Efficient Resource
Consumption
Example of a Service: AirBNB
Investors
Ex. Sequoia Capital
Locals
Ex. High-volume
Local Renters
Videos &
Photography
City & Community
Engagement
Platform
Locals (Leasers)
Extra Room
Social Tour Guides
Expats and Students
Marketing & Community Management
JETPACK©
Stage 1
www.jumpstartjetpack.com
9
KEY PARTNERS KEY ACTIVITIES
KEY RESOURCES
COST STRUCTURES REVENUE STREAMS
CHANNELS
CUSTOMER
RELATIONSHIPS
CUSTOMER VALUE
PROPOSITION
CUSTOMER SEGMENTS
Source: Business Model Generation
BUSINESS MODEL CANVAS
The value that you are delivering
directly to your customers and
the unique offering that sets you
a part from your competition.
Ex: Service or Product Offering,
Benefits or Incentives
The groups, people, organiza-
tions, and businesses that can
help you achieve what it is you
are looking to accomplish.
Ex: Media Outlets, Community
Organizations, Universities
The activities that relate spe-
cifically to the value you are
delivering.
Ex: Product Manufacturing,
Designing, Pet Grooming
The resources that you have at
your disposal to utilize.
Ex: Equipment, Knowledge,
Experience, Capital
This is how you interact with
your customers from a business
perspective.
Ex: Directly - Face-to-Face, Indi-
rectly - though a third party
This is how your customers can
engage or learn about your
brand and offerings.
Ex: Social Media, Conferences,
Websites, Face-to-Face
The consumers you are seeking
to reach and sell your product or
service to or engage with.
Ex: Doctors, College Students,
Jetsetters, Expectant Mothers
These are the costs that are taken to ensure that the venture
can operate and function.
Ex: Staff, Facilities, Insurance, Equipment
These the methods in which your venture will be making
money off of what it is doing
Ex: Membership Fees, Product Sales, Consulting Fees
10
KEY PARTNERS KEY ACTIVITIES
KEY RESOURCES
COST STRUCTURES REVENUE STREAMS
CHANNELS
CUSTOMER
RELATIONSHIPS
CUSTOMER VALUE
PROPOSITION
CUSTOMER SEGMENTS
Source: Business Model Generation
BUSINESS MODEL CANVAS
JETPACK©
Stage 1
www.jumpstartjetpack.com
11
BUSINESS MODEL CANVAS NOTES
12
MISSION & VISION STATEMENT
Mission and Vision Statements are useful frame-
works that help the entrepreneur stay disciplined
and focused on what gives their venture purpose
and identity. The two statements often contain
language about goals, values, morals, and de-
scribe specifically what the company is and wants
to be, as opposed to what they are not. They can
be thought of as guiding principles that the busi-
ness can use to evaluate the decisions they have to
make. A startup might use mission and vision state-
ments to keep motivated or focused while referring
back to them over time. They may also use the
mission and vision to communicate the company’s
values and purpose to customers, investors, and
other stakeholders; helping the business to quickly
clarify what they do and how their values can influ-
ence future actions.
The mission and vision statements differ from the
Customer Value Proposition in that they look to
the customer for focus and are as much about the
culture, values and purpose of the business as dif-
ferentiation. Mission and vision statements keep the
organization and other stakeholders focused not
on the key operational feature, but on the business’
purpose for being.
If you had to describe to a stranger what the
business does on a daily basis, the mission state-
ment comes the closest of any tool to accomplish
that. The mission is typically a one to two sentence
statement that can include:
•	 The goals of the business/organization exter-
nally in the world.
•	 A description or acknowledgment of the stake-
holders that gain value from the organization.
•	 The core purpose of the organization in the
world. This is different than the goals in that it
can describe values and even morals of the
organization or business.
A vision statement is the guiding light of what the
organization or business is working toward and
wants to achieve in the future. It can talk about
how that is achieved via goals or imagining a future
in which the venture can contribute to. Sometimes
companies do not have vision statements and
contain everything within the mission statement;
however, separating out a vision statement is a
useful tool, because it can ground the entrepreneur
in a larger sense of purpose and keep them future
minded when thinking about how they conduct their
business on a daily basis.
JETPACK©
Stage 1
www.jumpstartjetpack.com
13
MISSION STATEMENT
VISION STATEMENT
14
NEXT STEPS
Stage 2 Market Identification will take what you have discovered through your exercises in Stage 1 and
guide you in finding more about your market and the needs of your venture. The Market Identification
stage will provide you an understanding of your market while also examining your place within your com-
munity and the people and groups that can offer you aid along the way.
BUSINESS
IDENTIFICATION
MARKET
IDENTIFICATION
BRAND
IDENTIFICATION
GOAL
IDENTIFICATION
JETPACK©
Stage 1
www.jumpstartjetpack.com
15
RESOURCES
Johnson, Mark W. Seizing the White Space. Boston, MA: Harvard Business Press, 2010.
Kaplan, Saul. The Business Model Innovation Factory. Hoboken, NJ: John Wiley & Sons, Inc., 2012.
Kim, W. Chan, and Renee Mauborgne. Blue Ocean Strategy. Boston, MA: Harvard Business Press, 2005.
Maurya, Ash. Running Lean. 2nd ed. Lean Series. Sebastopol, CA: O’Reilly Media, Inc, 2012.
Moore, Geoffrey. Crossing the Chasm: Marketing and Selling Disruptive Products to Mainstream
Customers. New York, NY: HarperCollins Publisher, 1991.
Osterwalder, Alexander, and Yves Pigneur. Business Model Generation. Hoboken, NJ: John Wiley &
Sons, Inc., 2010.
Ries, Eric. The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically
Successful Businesses. New York: Brown Business, 2011.
Wenger, Etienne. Communities of Practice. New York, NY: Cambridge University Press, 1998.
16
ABOUT THE AUTHOR
I am a designer, entrepreneur, and researcher
who has a deep love for design, technology,
and enabling better experiences for consumers.
My background has been in strategic planning,
brand development, CX, design research and
management. Over the course of my career I’ve
worked with startups, SMEs, nonprofits and Fortune
500s to build brands, products and services,
and craft transformative strategies through deep
consumer insights.
In 2013 I began co-creating JETPACK©
for my
MFA thesis work on how to leverage design as
a methodology for entrepreneurship. This was
done alongside the team at Volta Collaborative,
Savannah College of Art and Design, and the
entrepreneurial economy of Savannah. I believe
that design is a critical necessity for any startup
and as a process it should be leveraged early
and often. By using design as a lens to approach
challenges and identify opportunities we can better
develop offerings and value propositions that
deliver on customer needs and desires in unique
and consumer-focused ways.
- Caleb Sexton, Founder/Designer
info@jumpstartjetpack.com
www.hiimcaleb.me
www.jumpstartjetpack.com
JETPACK©
Stage 1
www.jumpstartjetpack.com
17
18
JETPACK©
Stage 1
www.jumpstartjetpack.com
19
JETPACK Stage 1 Work Booklet

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JETPACK Stage 1 Work Booklet

  • 2. 2
  • 3. JETPACK© Stage 1 www.jumpstartjetpack.com 3 TABLE OF CONTENTS INTRODUCTION PROCESS CUSTOMER VALUE PROPOSITION BUSINESS MODEL CANVAS MISSION & VISION STATEMENT NEXT STEPS RESOURCES ABOUT THE AUTHOR 04 05 06 08 12 14 15 16
  • 4. 4 INTRODUCTION Each workshop within this series is intended to build and develop upon each other, acting as pieces of a whole. This first workshop provides you with the foundation for understanding how your business or orga- nization delivers value to your customers and the business model that allows that to happen. Throughout this process you will achieve the following goals: • Better understanding of your business’s value • The model for your business’s operations • How the customer value proposition forms into a mission statement • How a vision statement acts as your guiding light The objective of this workbook is to provide you with a written resource that works along side the work- shop session. Each of the four stages provide a workbook tailored to the goals and method of the event. It is your objective to write and store your data from the workshop within the workbook provided. As you take part in each of the following workshops you will have a compiled resource book that is geared to- ward understanding your business or organization’s soft assets.
  • 5. JETPACK© Stage 1 www.jumpstartjetpack.com 5 PROCESS JETPACK© is a four-stage toolkit for identifying and developing the soft assets of your venture. Each stage is designed and organized to build upon one another while providing you with a process and se- ries of tools to better understand your venture’s business model, brand, and development needs. As you move through the stages, JETPACK© will provide you the capability and empowerment for starting your venture be it a new business or non-profit organization. BUSINESS IDENTIFICATION Understanding how the opportunity is delivering value to its future customer within a business context. MARKET IDENTIFICATION Identifying the assets in a community, global, or market landscape that have an influence on your concept. BRAND IDENTIFICATION Capturing the elements that surround the opportunity to cultivate and develop and authentic brand and story. GOAL IDENTIFICATION Building the foundation and ability to assess, identify, and move forward with the future opportunity.
  • 6. 6 CUSTOMER VALUE PROPOSITION The Customer Value Proposition (CVP) is a brief statement that builds a focused description of the value that the business delivers for the customer. The reason for its structure is to help the entrepre- neur ensure that they have expressed how value is defined from the customer’s standpoint. This is a particularly useful and compelling if the offering is similar to many others in the marketplace, as it helps the entrepreneur focus on the necessities of standing out. To help illustrate this, an example might be opening a coffee shop in an already developed market. How and why would that coffee shop be a success? Is it about location, a particular thing that the service does, or how it accomplishes that thing? This kind of question must be answered within the customer value proposition, and because of the format the CVP provides, it can help spot generic answers or weak reasoning. It forces the organization and the audience to imagine and test their core focus and all other aspects of the customer value prop- osition. With this, it verbally tests their ideas with themselves and others and provides a blueprint by which operational features or other strategic plan- ning can be questioned, detailed, and built upon. Here is the basic structure of a Value Proposition: For (The Target Customer) Who (Statement of the Need or Opportunity) Our (Product/Service Name) That (Statement of Benefit) Here is an example of a Value Proposition for the food co-op Green Food Garden: The Green Food Garden is for local citizens and their neighborhoods, as well as, local business, government and community organizations that are seeking to better connect farm-to-table urban gar- dens with local businesses while providing training and resources. The Green Food Garden leverages local partnerships and community resources for educational and workforce development training to empower the use of urban farming within Savan- nah. This is done through a membership based initiative, training programs, incentives based neighborhood competition, and farm-to-table retail with local businesses.
  • 8. 8 BUSINESS MODEL CANVAS The Business Model Canvas (BMC) is a tool for visualizing and developing the entire business model. The canvas was developed by Alex Os- terwald and his team in the book Business Model Generation and for more information we encourage to read the book. As a tool it is broken down into nine distinct blocks that are all interrelated and represent the core elements of how a business or organization functions. Like the other tools used in JETPACK© the BMC is valuable because it forces explicitness in planning, and because it helps en- sure that these nine bases have been considered. The organization of the canvas is set up in a right and left half. All blocks on the right half represent external factors (outputs, customer focus, and relationships), while the left side focuses inward, concentrating on internal processes and concerns. Payment Providers Ex. PayPal Traveler Networks Key Partners Key Activities Key Resources Cost Structures Revenue Streams Channels Customer Relationships Customer Value Proposition Customer SegmentsPlatform development & maintenance Traveler Networks Selection of local & international places to rent AirBNB Brand Platform Development & Design Local & Traveler Insurance 6-12% Booking Fee (Traveler) 3% Successful Booking Fee (Local) Word of Mouth Social Media Local Events Partner Program 24/7 Customer Support Online Community Ranking Local Brand Ambassadors Travelers (Renters) Budget Travelers Business Travelers Globetrotters Stay in unique places with locals, meet new people (traveler) Rent out and extra room, share local knowledge, meet travelers (local) Efficient Resource Consumption Example of a Service: AirBNB Investors Ex. Sequoia Capital Locals Ex. High-volume Local Renters Videos & Photography City & Community Engagement Platform Locals (Leasers) Extra Room Social Tour Guides Expats and Students Marketing & Community Management
  • 9. JETPACK© Stage 1 www.jumpstartjetpack.com 9 KEY PARTNERS KEY ACTIVITIES KEY RESOURCES COST STRUCTURES REVENUE STREAMS CHANNELS CUSTOMER RELATIONSHIPS CUSTOMER VALUE PROPOSITION CUSTOMER SEGMENTS Source: Business Model Generation BUSINESS MODEL CANVAS The value that you are delivering directly to your customers and the unique offering that sets you a part from your competition. Ex: Service or Product Offering, Benefits or Incentives The groups, people, organiza- tions, and businesses that can help you achieve what it is you are looking to accomplish. Ex: Media Outlets, Community Organizations, Universities The activities that relate spe- cifically to the value you are delivering. Ex: Product Manufacturing, Designing, Pet Grooming The resources that you have at your disposal to utilize. Ex: Equipment, Knowledge, Experience, Capital This is how you interact with your customers from a business perspective. Ex: Directly - Face-to-Face, Indi- rectly - though a third party This is how your customers can engage or learn about your brand and offerings. Ex: Social Media, Conferences, Websites, Face-to-Face The consumers you are seeking to reach and sell your product or service to or engage with. Ex: Doctors, College Students, Jetsetters, Expectant Mothers These are the costs that are taken to ensure that the venture can operate and function. Ex: Staff, Facilities, Insurance, Equipment These the methods in which your venture will be making money off of what it is doing Ex: Membership Fees, Product Sales, Consulting Fees
  • 10. 10 KEY PARTNERS KEY ACTIVITIES KEY RESOURCES COST STRUCTURES REVENUE STREAMS CHANNELS CUSTOMER RELATIONSHIPS CUSTOMER VALUE PROPOSITION CUSTOMER SEGMENTS Source: Business Model Generation BUSINESS MODEL CANVAS
  • 12. 12 MISSION & VISION STATEMENT Mission and Vision Statements are useful frame- works that help the entrepreneur stay disciplined and focused on what gives their venture purpose and identity. The two statements often contain language about goals, values, morals, and de- scribe specifically what the company is and wants to be, as opposed to what they are not. They can be thought of as guiding principles that the busi- ness can use to evaluate the decisions they have to make. A startup might use mission and vision state- ments to keep motivated or focused while referring back to them over time. They may also use the mission and vision to communicate the company’s values and purpose to customers, investors, and other stakeholders; helping the business to quickly clarify what they do and how their values can influ- ence future actions. The mission and vision statements differ from the Customer Value Proposition in that they look to the customer for focus and are as much about the culture, values and purpose of the business as dif- ferentiation. Mission and vision statements keep the organization and other stakeholders focused not on the key operational feature, but on the business’ purpose for being. If you had to describe to a stranger what the business does on a daily basis, the mission state- ment comes the closest of any tool to accomplish that. The mission is typically a one to two sentence statement that can include: • The goals of the business/organization exter- nally in the world. • A description or acknowledgment of the stake- holders that gain value from the organization. • The core purpose of the organization in the world. This is different than the goals in that it can describe values and even morals of the organization or business. A vision statement is the guiding light of what the organization or business is working toward and wants to achieve in the future. It can talk about how that is achieved via goals or imagining a future in which the venture can contribute to. Sometimes companies do not have vision statements and contain everything within the mission statement; however, separating out a vision statement is a useful tool, because it can ground the entrepreneur in a larger sense of purpose and keep them future minded when thinking about how they conduct their business on a daily basis.
  • 14. 14 NEXT STEPS Stage 2 Market Identification will take what you have discovered through your exercises in Stage 1 and guide you in finding more about your market and the needs of your venture. The Market Identification stage will provide you an understanding of your market while also examining your place within your com- munity and the people and groups that can offer you aid along the way. BUSINESS IDENTIFICATION MARKET IDENTIFICATION BRAND IDENTIFICATION GOAL IDENTIFICATION
  • 15. JETPACK© Stage 1 www.jumpstartjetpack.com 15 RESOURCES Johnson, Mark W. Seizing the White Space. Boston, MA: Harvard Business Press, 2010. Kaplan, Saul. The Business Model Innovation Factory. Hoboken, NJ: John Wiley & Sons, Inc., 2012. Kim, W. Chan, and Renee Mauborgne. Blue Ocean Strategy. Boston, MA: Harvard Business Press, 2005. Maurya, Ash. Running Lean. 2nd ed. Lean Series. Sebastopol, CA: O’Reilly Media, Inc, 2012. Moore, Geoffrey. Crossing the Chasm: Marketing and Selling Disruptive Products to Mainstream Customers. New York, NY: HarperCollins Publisher, 1991. Osterwalder, Alexander, and Yves Pigneur. Business Model Generation. Hoboken, NJ: John Wiley & Sons, Inc., 2010. Ries, Eric. The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses. New York: Brown Business, 2011. Wenger, Etienne. Communities of Practice. New York, NY: Cambridge University Press, 1998.
  • 16. 16 ABOUT THE AUTHOR I am a designer, entrepreneur, and researcher who has a deep love for design, technology, and enabling better experiences for consumers. My background has been in strategic planning, brand development, CX, design research and management. Over the course of my career I’ve worked with startups, SMEs, nonprofits and Fortune 500s to build brands, products and services, and craft transformative strategies through deep consumer insights. In 2013 I began co-creating JETPACK© for my MFA thesis work on how to leverage design as a methodology for entrepreneurship. This was done alongside the team at Volta Collaborative, Savannah College of Art and Design, and the entrepreneurial economy of Savannah. I believe that design is a critical necessity for any startup and as a process it should be leveraged early and often. By using design as a lens to approach challenges and identify opportunities we can better develop offerings and value propositions that deliver on customer needs and desires in unique and consumer-focused ways. - Caleb Sexton, Founder/Designer info@jumpstartjetpack.com www.hiimcaleb.me www.jumpstartjetpack.com
  • 18. 18