Gytu digital currency
Publish: 2021-04-16 11:25:14
1. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
on December 17, 2017, bitcoin reached an all-time high of $19850. On July 27, 2020, bitcoin broke through the $10000 mark again [2]<
Chinese name
bitcoin
foreign name
bitcoin
type
encrypted digital currency
circulation platform
Network
founder
Nakamoto Tsung
quick
navigation
founder generation principle currency characteristics currency trading legal status external evaluation
development process
what is the single bitcoin selected
01:07
from the transaction of things In 2008, the global financial crisis broke out. On November 1 of the same year, a person who called himself Satoshi Nakamoto published the white paper bitcoin: a peer-to-peer e-cash system [6] on the P2P foundation website, stating his new idea of e-money bitcoin came out. On January 3, 2009, bitcoin Genesis block was born
there are three bitcoins in total
compared with legal tender, bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes. Anyone can participate in the manufacture of bitcoin, and it can circulate all over the world. It can be bought and sold on any computer connected to the Internet. No matter where they are, anyone can dig, buy, sell or receive bitcoin, And in the transaction process, foreigners can not identify the user's identity information. On January 5, 2009, bitcoin, which is not controlled by the central bank and any financial institutions, was born. Bitcoin is a kind of digital currency, which is composed of a series of complex codes generated by computer. The new bitcoin is made by preset program
whenever bitcoin comes into the view of mainstream media, mainstream media always ask some mainstream economists to analyze bitcoin. Earlier, these analyses always focused on whether bitcoin was a scam. Now the analysis is always focused on whether bitcoin can become the mainstream currency in the future. The focus of the debate is often on the deflationary nature of bitcoin[ 7]
many bitcoin players are attracted by the fact that bitcoin can not be added at will. Contrary to the attitude of bitcoin players, economists have a polarized attitude towards the fixed amount of 21 million bitcoin
Keynesian economists believe that the government should actively regulate the total amount of money, and use the tightness of monetary policy to timely fuel or brake the economy. As a result, they believe that bitcoin's fixed aggregate currency sacrifices its adjustability, and worse still, it will inevitably lead to deflation, thereby harming the overall economy. Austrian economists hold the opposite view. They think that the less the government intervenes in money, the better. The deflation caused by the fixed amount of money is not a big deal, even a sign of social progress
bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system. Bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network will get a qualified answer about every 10 minutes. Then bitcoin network will generate a certain amount of bitcoin as block reward to reward the person who gets the answer[ 6]
in 2009, when bitcoin was born, block rewards were 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the block reward will be halved to 25. When the total amount reaches 15.75 million (5.25 million new output, i.e. 50% of 1050), the block reward will be further halved to 12.5. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to about 21 million[ 3]
bitcoin is a virtual currency with limited quantity, but it can be used to cash out: it can be converted into the currency of most countries. You can use bitcoin to buy some virtual items, such as clothes, hats, equipment, etc. in online games. As long as someone accepts it, you can also use bitcoin to buy real-life items
on February 25, 2014, the opening price of "bitcoin China" was 3562.41 yuan. By 4:40 p.m., the price had dropped to 3185 yuan, down more than 10%. According to the historical market data of the platform, on January 27, 2014, 1 bitcoin could be exchanged for 5032 yuan. This means that in less than a month on the platform, the price of bitcoin has dropped by 36.7%
on September 9 of the same year, the US e-commerce giant eBay announced that Braintree, its payment processing subsidiary, would start accepting bitcoin payments. The company has entered into a partnership with coinbase, a bitcoin trading platform, to begin to accept this relatively new means of payment
although the eBay market trading platform and paypal business do not accept bitcoin payment, Braintree customers such as airbnb, a travel house rental community, and Uber, a car rental service, will be able to start accepting this virtual currency. Braintree, whose main business is to provide payment processing software to enterprises, was acquired by eBay in 2013 for about $800 million
on the evening of January 22, 2017, fire coin, bitcoin China and okcoin announced on their respective official websites that in order to further curb speculation and prevent drastic price fluctuations, all platforms will start to collect transaction service fees from 12:00 noon on January 24, and the service fees will be charged at a fixed rate of 0.2% of the transaction amount, and the active transaction and passive transaction rates are the same[ 8] On May 5, according to the latest data of okcoin, the price of bitcoin has just set a new record, reaching a high of 9222 yuan by the time of publication. From 12:00 noon on January 24, China's three major bitcoin platforms officially began to collect transaction fees. On September 4, the central bank and other seven ministries and commissions announced that China banned virtual currency trading
on December 17 of the same year, bitcoin reached an all-time high of $19850
on November 25, 2018, bitcoin broke the $4000 mark and then stabilized at more than $3000[ 9] On November 19, cryptocurrency resumed its decline, and bitcoin fell to the $5000 mark for the first time since October 2017, e to BCH's hard bifurcations and the regulatory authorities' enhanced scrutiny of the initial token issue (ICO)[ 9] At 4:30 a.m. on November 21, the offer of bitcoin on the coinbase platform fell below $4100, a 13 month low
in April 2019, bitcoin broke the $5000 mark again, reaching a new high in the year[ 10] On May 12, bitcoin broke through $7000 for the first time in nearly eight months[ 11] On May 14, according to the offer of coin market cap, bitcoin stood at $8000, up 14.68% in 24 hours[ 12]
on June 22 of the same year, the price of bitcoin broke through the $10000 mark. Bitcoin prices fluctuated around 10200, rising nearly 7% in 24 hours[ 13] On June 26, the price of bitcoin broke through $12000, a 17 month high since January last year[ 14] In the morning of June 27, the price of bitcoin was close to $14000, reaching a new high of the year[ 15]
on February 10, 2020, bitcoin broke through $10000. According to trading data, bitcoin's price rose more than 3%, breaking the psychological limit of $10000 for the first time since October 26 last year[ 16]
on March 12, according to the data of bitstamp, the cryptocurrency trading platform, the lowest price of bitcoin dropped to US $5731 at 19:44[ 17]
on May 8, bitcoin broke through the $10000 mark, a new high since February[ 18]
from 8:00 a.m. on May 10, the unit price of bitcoin fell by thousands of dollars from $9500 in half an hour, with the lowest price falling below $8200 and the highest price difference exceeding $1400[ 19]
at 6 p.m. on July 26, bitcoin rose rapidly for a short time, reaching a maximum of 10150.15usdt, with a maximum increase of more than 4% within the day. This is the first time since June 2, 2020 that bitcoin has exceeded the $10000 level[ 2]
bitcoin has been "forked" more than 100 times in two years. How about those forked coins now
a financial book
like 67
reading 6113
it's easy to be attacked by hackers and ask for bitcoin! Network threat has been related to the life and death of enterprises<
heart of rock
Zan 18
reading 1886
I bet that bitcoin will never die out
entrepreneurial state
Zan 96
reading 15000
visiting bitcoin mine in Xinjiang
Huchou net
Zan 27
reading 4553
overseas mining rise: batch construction of us factories, On November 1, 2008, a self styled Satoshi Nakamoto published a bitcoin white paper, bitcoin: a peer-to-peer electronic cash system, on the P2P foundation website, stating his new idea of electronic money bitcoin came out
Wang yuexinyi, Professor of mathematics at Kyoto University, was born on January 3, 2009. Bitcoin uses distributed ledger to get rid of the constraints of third-party institutions, which Nakamoto calls "blockchain". Users are willing to dedicate the computing power of CPU and run a special software to be a "digger", which will form a network to maintain the "regional chain". In the process, they also generate new money. Business is also extended on this network. Computers running this software are scrambling to solve the problem of irreversible code, which contains several business data. The first miner to deal with the problem will get a 50 bitcoin reward, and the relevant trading area will join the chain. As the number of "miners" increases, the difficulty of each puzzle also increases, which keeps the proctivity of bitcoin in each trading area at about 10 minutes
in 2009, Nakamoto designed a digital currency, namely bitcoin. The booming bitcoin market has gone up and down, and the identity of its founder "Nakamoto" has always been a mystery. Rumors about "the father of bitcoin" involve from the US National Security Agency to financial experts, and also give bitcoin a mysterious aura
according to foreign media reports, computer scientist Ted Nelson released a video on the Internet on Sunday, saying that he has determined that the founder of bitcoin is Shinichi Mochizuki, a professor of mathematics at Kyoto University. The founders of bitcoin have always used
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
on December 17, 2017, bitcoin reached an all-time high of $19850. On July 27, 2020, bitcoin broke through the $10000 mark again [2]<
Chinese name
bitcoin
foreign name
bitcoin
type
encrypted digital currency
circulation platform
Network
founder
Nakamoto Tsung
quick
navigation
founder generation principle currency characteristics currency trading legal status external evaluation
development process
what is the single bitcoin selected
01:07
from the transaction of things In 2008, the global financial crisis broke out. On November 1 of the same year, a person who called himself Satoshi Nakamoto published the white paper bitcoin: a peer-to-peer e-cash system [6] on the P2P foundation website, stating his new idea of e-money bitcoin came out. On January 3, 2009, bitcoin Genesis block was born
there are three bitcoins in total
compared with legal tender, bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes. Anyone can participate in the manufacture of bitcoin, and it can circulate all over the world. It can be bought and sold on any computer connected to the Internet. No matter where they are, anyone can dig, buy, sell or receive bitcoin, And in the transaction process, foreigners can not identify the user's identity information. On January 5, 2009, bitcoin, which is not controlled by the central bank and any financial institutions, was born. Bitcoin is a kind of digital currency, which is composed of a series of complex codes generated by computer. The new bitcoin is made by preset program
whenever bitcoin comes into the view of mainstream media, mainstream media always ask some mainstream economists to analyze bitcoin. Earlier, these analyses always focused on whether bitcoin was a scam. Now the analysis is always focused on whether bitcoin can become the mainstream currency in the future. The focus of the debate is often on the deflationary nature of bitcoin[ 7]
many bitcoin players are attracted by the fact that bitcoin can not be added at will. Contrary to the attitude of bitcoin players, economists have a polarized attitude towards the fixed amount of 21 million bitcoin
Keynesian economists believe that the government should actively regulate the total amount of money, and use the tightness of monetary policy to timely fuel or brake the economy. As a result, they believe that bitcoin's fixed aggregate currency sacrifices its adjustability, and worse still, it will inevitably lead to deflation, thereby harming the overall economy. Austrian economists hold the opposite view. They think that the less the government intervenes in money, the better. The deflation caused by the fixed amount of money is not a big deal, even a sign of social progress
bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system. Bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network will get a qualified answer about every 10 minutes. Then bitcoin network will generate a certain amount of bitcoin as block reward to reward the person who gets the answer[ 6]
in 2009, when bitcoin was born, block rewards were 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the block reward will be halved to 25. When the total amount reaches 15.75 million (5.25 million new output, i.e. 50% of 1050), the block reward will be further halved to 12.5. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to about 21 million[ 3]
bitcoin is a virtual currency with limited quantity, but it can be used to cash out: it can be converted into the currency of most countries. You can use bitcoin to buy some virtual items, such as clothes, hats, equipment, etc. in online games. As long as someone accepts it, you can also use bitcoin to buy real-life items
on February 25, 2014, the opening price of "bitcoin China" was 3562.41 yuan. By 4:40 p.m., the price had dropped to 3185 yuan, down more than 10%. According to the historical market data of the platform, on January 27, 2014, 1 bitcoin could be exchanged for 5032 yuan. This means that in less than a month on the platform, the price of bitcoin has dropped by 36.7%
on September 9 of the same year, the US e-commerce giant eBay announced that Braintree, its payment processing subsidiary, would start accepting bitcoin payments. The company has entered into a partnership with coinbase, a bitcoin trading platform, to begin to accept this relatively new means of payment
although the eBay market trading platform and paypal business do not accept bitcoin payment, Braintree customers such as airbnb, a travel house rental community, and Uber, a car rental service, will be able to start accepting this virtual currency. Braintree, whose main business is to provide payment processing software to enterprises, was acquired by eBay in 2013 for about $800 million
on the evening of January 22, 2017, fire coin, bitcoin China and okcoin announced on their respective official websites that in order to further curb speculation and prevent drastic price fluctuations, all platforms will start to collect transaction service fees from 12:00 noon on January 24, and the service fees will be charged at a fixed rate of 0.2% of the transaction amount, and the active transaction and passive transaction rates are the same[ 8] On May 5, according to the latest data of okcoin, the price of bitcoin has just set a new record, reaching a high of 9222 yuan by the time of publication. From 12:00 noon on January 24, China's three major bitcoin platforms officially began to collect transaction fees. On September 4, the central bank and other seven ministries and commissions announced that China banned virtual currency trading
on December 17 of the same year, bitcoin reached an all-time high of $19850
on November 25, 2018, bitcoin broke the $4000 mark and then stabilized at more than $3000[ 9] On November 19, cryptocurrency resumed its decline, and bitcoin fell to the $5000 mark for the first time since October 2017, e to BCH's hard bifurcations and the regulatory authorities' enhanced scrutiny of the initial token issue (ICO)[ 9] At 4:30 a.m. on November 21, the offer of bitcoin on the coinbase platform fell below $4100, a 13 month low
in April 2019, bitcoin broke the $5000 mark again, reaching a new high in the year[ 10] On May 12, bitcoin broke through $7000 for the first time in nearly eight months[ 11] On May 14, according to the offer of coin market cap, bitcoin stood at $8000, up 14.68% in 24 hours[ 12]
on June 22 of the same year, the price of bitcoin broke through the $10000 mark. Bitcoin prices fluctuated around 10200, rising nearly 7% in 24 hours[ 13] On June 26, the price of bitcoin broke through $12000, a 17 month high since January last year[ 14] In the morning of June 27, the price of bitcoin was close to $14000, reaching a new high of the year[ 15]
on February 10, 2020, bitcoin broke through $10000. According to trading data, bitcoin's price rose more than 3%, breaking the psychological limit of $10000 for the first time since October 26 last year[ 16]
on March 12, according to the data of bitstamp, the cryptocurrency trading platform, the lowest price of bitcoin dropped to US $5731 at 19:44[ 17]
on May 8, bitcoin broke through the $10000 mark, a new high since February[ 18]
from 8:00 a.m. on May 10, the unit price of bitcoin fell by thousands of dollars from $9500 in half an hour, with the lowest price falling below $8200 and the highest price difference exceeding $1400[ 19]
at 6 p.m. on July 26, bitcoin rose rapidly for a short time, reaching a maximum of 10150.15usdt, with a maximum increase of more than 4% within the day. This is the first time since June 2, 2020 that bitcoin has exceeded the $10000 level[ 2]
bitcoin has been "forked" more than 100 times in two years. How about those forked coins now
a financial book
like 67
reading 6113
it's easy to be attacked by hackers and ask for bitcoin! Network threat has been related to the life and death of enterprises<
heart of rock
Zan 18
reading 1886
I bet that bitcoin will never die out
entrepreneurial state
Zan 96
reading 15000
visiting bitcoin mine in Xinjiang
Huchou net
Zan 27
reading 4553
overseas mining rise: batch construction of us factories, On November 1, 2008, a self styled Satoshi Nakamoto published a bitcoin white paper, bitcoin: a peer-to-peer electronic cash system, on the P2P foundation website, stating his new idea of electronic money bitcoin came out
Wang yuexinyi, Professor of mathematics at Kyoto University, was born on January 3, 2009. Bitcoin uses distributed ledger to get rid of the constraints of third-party institutions, which Nakamoto calls "blockchain". Users are willing to dedicate the computing power of CPU and run a special software to be a "digger", which will form a network to maintain the "regional chain". In the process, they also generate new money. Business is also extended on this network. Computers running this software are scrambling to solve the problem of irreversible code, which contains several business data. The first miner to deal with the problem will get a 50 bitcoin reward, and the relevant trading area will join the chain. As the number of "miners" increases, the difficulty of each puzzle also increases, which keeps the proctivity of bitcoin in each trading area at about 10 minutes
in 2009, Nakamoto designed a digital currency, namely bitcoin. The booming bitcoin market has gone up and down, and the identity of its founder "Nakamoto" has always been a mystery. Rumors about "the father of bitcoin" involve from the US National Security Agency to financial experts, and also give bitcoin a mysterious aura
according to foreign media reports, computer scientist Ted Nelson released a video on the Internet on Sunday, saying that he has determined that the founder of bitcoin is Shinichi Mochizuki, a professor of mathematics at Kyoto University. The founders of bitcoin have always used
2. TUC is the official token of Turing chain. It is a digital currency based on blockchain technology, but it is not the mainstream digital currency. Its stability is not as stable as BTC, Eth and usdt.
3. Okex is a fraud platform. Don't be cheated. I'll sort out the pictures and send them to you to avoid being cheated
4. A rich man saw a fisherman basking in the sun on the beach. The rich man asked, "why don't you go fishing?" The fisherman asked, "what are you fishing for?" The rich man said, "to make money." The fisherman asked, "what is the purpose of making money?" Rich man said: "in order to have a better life." The fisherman said, "what's a better life like?" The rich man said, "that is to enjoy the sunshine on the beach." The fisherman said, "then I'm enjoying the sunshine."
warm tips
whether a person's situation is bitter or happy is often a subjective feeling. Some people are content with a certain kind of life, others can't. Therefore, those who can be content with their current situation may as well live like this; If you can't, you have to try to find another way out. Some people will never feel satisfied, his happiness is only based on the process of constant pursuit and struggle, so his goal is constantly moving to the distance. This kind of person may have less happiness, but more achievement. Your hobby is your direction, your interest is your capital, and your temperament is your destiny. Every man has his own ideal paradise and his own spiritual world
when you are in a good mood, everything is good, that is to say, all subjective things come from your heart, just like when you are in a good mood, you will find that the sky is so blue and the birds are so kind
warm tips
whether a person's situation is bitter or happy is often a subjective feeling. Some people are content with a certain kind of life, others can't. Therefore, those who can be content with their current situation may as well live like this; If you can't, you have to try to find another way out. Some people will never feel satisfied, his happiness is only based on the process of constant pursuit and struggle, so his goal is constantly moving to the distance. This kind of person may have less happiness, but more achievement. Your hobby is your direction, your interest is your capital, and your temperament is your destiny. Every man has his own ideal paradise and his own spiritual world
when you are in a good mood, everything is good, that is to say, all subjective things come from your heart, just like when you are in a good mood, you will find that the sky is so blue and the birds are so kind
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7. The following information is reproced for reference
a business model is a conceptual tool that contains a series of elements and their relationships to clarify the business logic of a specific entity. It describes the value that a company can provide to its customers, as well as the internal structure, partner network and relationship capital of the company to realize (create, promote and deliver) this value and generate sustainable profitable income
new explanation of business model: it is a system for enterprises to meet the needs of consumers. This system organizes and manages all kinds of resources of enterprises (capital, raw materials, human resources, operation mode, sales mode, information, brand and intellectual property, enterprise environment, innovation, also known as input variables), It can provide procts and services (output variables) that consumers cannot afford and have to buy, so it has the characteristics that it can but not be copied by others
business model is a reference model with ten elements. These elements include:
value proposition: the value that a company can provide to consumers through its procts and services. The value proposition confirms the practical significance of the company to consumers
consumer target group: the consumer group targeted by the company. These groups have certain commonalities that enable companies to create value. The process of defining consumer groups is also called market segmentation
distribution channels: the channels that companies use to reach consumers. This paper expounds how the company develops the market. It involves the company's marketing and distribution strategy< Customer relationship: the relationship between a company and its consumer groups. What we call customer relationship management (CRM) is related to this
value allocation: the allocation of resources and activities
core competence: the competence and qualification required by a company to implement its business model
value chain: in order to provide customers with the value of procts and services, there are interrelated and supportive activities
cost structure: the monetary description of the tools and methods used
income model: the way that companies create wealth through various revenue flows
fission mode: BNC mode, the way and direction of business model transformation
the common mistakes of start-up companies in business model are: the solutions they make have no market demand, the procts lack a specific market, and the procts are always free. A good business model should contain at least the first seven of the above 10 basic elements
1. Value orientation
What are the needs that start-ups need to fill or what problems they need to solve? The value orientation must clearly define the target customer, the customer's problems and pain points, the unique solution and the net benefits of this solution from the customer's point of view
2. Target market
target market is the customer group that the start-up company intends to attract through marketing and sell procts or services to them. This market segment should have specific statistics on the number of people and the way of purchasing procts
3. Sales and marketing
how to reach customers? Oral presentation and viral marketing are the most popular methods, but they are not enough to start a new business. Start up companies should be more specific in sales channels and marketing proposals
4. How do startups proce procts or services? Conventional practices include home-made, outsourcing or direct purchase of ready-made components. The key issues here are the time and cost of entering the market
5. Distribution
How do startups sell procts or services? Some procts and services can be sold online, and some procts need multi-level distributors, partners or value-added retailers. Start up companies need to plan whether their procts will be sold locally or globally< How do you make money? The key is to explain to yourself and investors how you price, whether the income cash flow will meet all expenses, including daily expenses and after-sales support expenses, and then there is a good return
7. Cost structure
What are the costs of start-ups? Novice entrepreneurs only focus on direct costs, underestimate the marketing and sales costs, daily expenses and after-sales costs. When calculating the cost, you can compare the estimated cost with the report issued by similar companies
8. Competition
how many competitors do startups face? No competitors is likely to mean no market. More than 10 competitors indicate that the market is saturated. Think about it here. Like airplanes and trains, customers always have a choice< How can start-ups make their procts or services different? Investors should see a sustainable competitive advantage of the start-up company. Short term discounts or promotions are not unique sales solutions
10. Market size, growth and share
how big is the market for start-up procts? Is it growing or shrinking? How much share can we get? VC venture capital is looking for projects in the market with double-digit growth rate every year. The market capacity is more than 1 billion US dollars, and the start-up company should have a plan of more than 10% market share
investors hope to have a good and early understanding of the business model of start-ups. They don't want to listen to the marketing speeches of entrepreneurs. Such speeches naturally avoid the question of how much money entrepreneurs intend to make and how many customers entrepreneurs expect to identify. Giving a talk like that to investors can only annoy both entrepreneurs and investors
a feasible and valuable business model is one of the most important contents that entrepreneurs need to emphasize in the business plan. In fact, without a business model, entrepreneurship is just a dream.
a business model is a conceptual tool that contains a series of elements and their relationships to clarify the business logic of a specific entity. It describes the value that a company can provide to its customers, as well as the internal structure, partner network and relationship capital of the company to realize (create, promote and deliver) this value and generate sustainable profitable income
new explanation of business model: it is a system for enterprises to meet the needs of consumers. This system organizes and manages all kinds of resources of enterprises (capital, raw materials, human resources, operation mode, sales mode, information, brand and intellectual property, enterprise environment, innovation, also known as input variables), It can provide procts and services (output variables) that consumers cannot afford and have to buy, so it has the characteristics that it can but not be copied by others
business model is a reference model with ten elements. These elements include:
value proposition: the value that a company can provide to consumers through its procts and services. The value proposition confirms the practical significance of the company to consumers
consumer target group: the consumer group targeted by the company. These groups have certain commonalities that enable companies to create value. The process of defining consumer groups is also called market segmentation
distribution channels: the channels that companies use to reach consumers. This paper expounds how the company develops the market. It involves the company's marketing and distribution strategy< Customer relationship: the relationship between a company and its consumer groups. What we call customer relationship management (CRM) is related to this
value allocation: the allocation of resources and activities
core competence: the competence and qualification required by a company to implement its business model
value chain: in order to provide customers with the value of procts and services, there are interrelated and supportive activities
cost structure: the monetary description of the tools and methods used
income model: the way that companies create wealth through various revenue flows
fission mode: BNC mode, the way and direction of business model transformation
the common mistakes of start-up companies in business model are: the solutions they make have no market demand, the procts lack a specific market, and the procts are always free. A good business model should contain at least the first seven of the above 10 basic elements
1. Value orientation
What are the needs that start-ups need to fill or what problems they need to solve? The value orientation must clearly define the target customer, the customer's problems and pain points, the unique solution and the net benefits of this solution from the customer's point of view
2. Target market
target market is the customer group that the start-up company intends to attract through marketing and sell procts or services to them. This market segment should have specific statistics on the number of people and the way of purchasing procts
3. Sales and marketing
how to reach customers? Oral presentation and viral marketing are the most popular methods, but they are not enough to start a new business. Start up companies should be more specific in sales channels and marketing proposals
4. How do startups proce procts or services? Conventional practices include home-made, outsourcing or direct purchase of ready-made components. The key issues here are the time and cost of entering the market
5. Distribution
How do startups sell procts or services? Some procts and services can be sold online, and some procts need multi-level distributors, partners or value-added retailers. Start up companies need to plan whether their procts will be sold locally or globally< How do you make money? The key is to explain to yourself and investors how you price, whether the income cash flow will meet all expenses, including daily expenses and after-sales support expenses, and then there is a good return
7. Cost structure
What are the costs of start-ups? Novice entrepreneurs only focus on direct costs, underestimate the marketing and sales costs, daily expenses and after-sales costs. When calculating the cost, you can compare the estimated cost with the report issued by similar companies
8. Competition
how many competitors do startups face? No competitors is likely to mean no market. More than 10 competitors indicate that the market is saturated. Think about it here. Like airplanes and trains, customers always have a choice< How can start-ups make their procts or services different? Investors should see a sustainable competitive advantage of the start-up company. Short term discounts or promotions are not unique sales solutions
10. Market size, growth and share
how big is the market for start-up procts? Is it growing or shrinking? How much share can we get? VC venture capital is looking for projects in the market with double-digit growth rate every year. The market capacity is more than 1 billion US dollars, and the start-up company should have a plan of more than 10% market share
investors hope to have a good and early understanding of the business model of start-ups. They don't want to listen to the marketing speeches of entrepreneurs. Such speeches naturally avoid the question of how much money entrepreneurs intend to make and how many customers entrepreneurs expect to identify. Giving a talk like that to investors can only annoy both entrepreneurs and investors
a feasible and valuable business model is one of the most important contents that entrepreneurs need to emphasize in the business plan. In fact, without a business model, entrepreneurship is just a dream.
8. 1. It is related to the quality of the content (whether it is original or not). Do not reprint other people's content (if it is, it must be changed)
2. The site is new and the network has included it, but it has not been released
3, fast included, then publish your content links in other included fast website, to attract spiders, but remember to be original!
2. The site is new and the network has included it, but it has not been released
3, fast included, then publish your content links in other included fast website, to attract spiders, but remember to be original!
9. < p class = > reply 364. Note: the names of the above are used for regular use, non Kanpo repo, and kanjo. Q Q. 2q? Title: 386 Title: Jewel QC. Yokai 8? No. 002 -- -- -- thissaur -- ivysaar
10. Landlord, I suggest you download and install YGE "punctual toolbox", which has many functions! Through it, you can easily move the software installed on the mobile phone to the SD card (also batch mobile)
I hope my answer will help you!
I hope my answer will help you!
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