“Franchising” is basically about selling someone the rules for how to run a business which have been proven to work, along with a known brand name. That (I imagine) is what you get when you buy a franchise for McDonalds.<\/p>\n
As business gurus have pointed out, proven rules really help improve your odds with a start-up, on the basis that (they say) 80 per cent of start-up companies fail in the first 5 years, while 80 per cent of franchise start-ups survive the first five years.<\/p>\n
Having a proven business model is really useful.<\/p>\n
For “Software for Domain Experts” we don’t yet have a proven business model, but we’d like to create one with your help – and once we have it, we can make it freely available for everyone to use.<\/p>\n
We can guess what the fundamental components are:
\n– spot a market need (which probably takes specialist insight, ie you’d need to be a domain expert yourself to do this)
\n– put a team together – involving software people and domain experts – and\u00a0make sure you can work together well with people \u00a0in your team
\n– build (what you think is) a product quickly, making maximum use of off the shelf software framework tools
\n– your domain expert works together with domain experts in the market (no salespeople here) to try to build interest
\n– iterate, improve the product, build up a customer base
\n– offer them really good personal service, the sort they can never get from a big company
\n– repeat<\/p>\n
I don’t think the above list of components really counts as a ‘business model’ but perhaps it provides something useful to build on – next step is to refine and develop the components!<\/p>\n","protected":false},"excerpt":{"rendered":"
“Franchising” is basically about selling someone the rules for how to run a business which have been proven to work, along with a known brand name. That (I imagine) is what you get when you buy a franchise for McDonalds. As business gurus have pointed out, proven rules really help improve your odds with a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/www.softwarefordomainexperts.com\/index.php?rest_route=\/wp\/v2\/posts\/11","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.softwarefordomainexperts.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.softwarefordomainexperts.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.softwarefordomainexperts.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.softwarefordomainexperts.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11"}],"version-history":[{"count":1,"href":"http:\/\/www.softwarefordomainexperts.com\/index.php?rest_route=\/wp\/v2\/posts\/11\/revisions"}],"predecessor-version":[{"id":12,"href":"http:\/\/www.softwarefordomainexperts.com\/index.php?rest_route=\/wp\/v2\/posts\/11\/revisions\/12"}],"wp:attachment":[{"href":"http:\/\/www.softwarefordomainexperts.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.softwarefordomainexperts.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.softwarefordomainexperts.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}