Option - Revision history

Dirkjan at 20:01, 27 August 2020

2020-08-27T20:01:18Z

Dirkjan: Replaced content with "Option Category:mbi Category:Term Category:The Personal MBA"

2020-08-27T19:20:29Z

Replaced content with "Option Category:mbi Category:Term Category:The Personal MBA"

Dirkjan: Created page with "In The Personal MBA an ''option'' means taking a predefined action for a fixed period of time in exchange for a fee. It is one of the Twelve standard Fo..."

2020-08-25T08:05:22Z

Created page with "In The Personal MBA an ''option'' means taking a predefined action for a fixed period of time in exchange for a fee. It is one of the Twelve standard Fo..."

New page

In [[The Personal MBA|The Personal MBA]] an ''option'' means taking a predefined action for a fixed period of time in exchange for a fee. It is one of the [[Twelve standard Forms of Value|Twelve standard Forms of Value]] (Form of Value #10 of 12). Options are valuable because they allow the purchasers with the ability to take a specific action without requiring them to take that specific action. Options are often used to keep courses of action open for a certain period of tiume. Options are often an overlooked form of value - flexibility is one of the [[Three Universal Currencies|Three Universal Currencies]]. Find a way to give people more flexibility and you may discover a viable business model.
=Key Points:=
* An option means taking a predefined action for a fixed period of time in exchange for a fee. Movie tickets are options!
* To provide value with this form of value you must:
** Identify an action people might want to take in the future.
** Offer potential buyers the right to take that action before a specific deadline.
** Convince buyers that the action is worth the price.
** Enforce the specified deadline on taking action.
* Options allow the purchaser the ability to take an action without requiring them to do so.
* Options help keeping specific courses of action open for a period of time before another transaction takes place.
=Questions for Consideration:=
* Does delivering value via offering options make sense for your business idea?
* If so, what do you need to plan for to make it successful?

Source: http://book.personalmba.com/option/
[[Category:mbi]]

[[Category:Term]]

[[Category:The Personal MBA]]

← Older revision		Revision as of 19:20, 27 August 2020
Line 1:		Line 1:
−	In [[The Personal MBA\|The Personal MBA]] an ''option'' means taking a predefined action for a fixed period of time in exchange for a fee. It is one of the [[Twelve standard Forms of Value\|Twelve standard Forms of Value]] (Form of Value #10 of 12). Options are valuable because they allow the purchasers with the ability to take a specific action without requiring them to take that specific action. Options are often used to keep courses of action open for a certain period of tiume. Options are often an overlooked form of value - flexibility is one of the [[Three Universal Currencies\|Three Universal Currencies]]. Find a way to give people more flexibility and you may discover a viable business model.	+	Option
−	~~=Key Points:=~~
−	* An option means taking a predefined action for a fixed period of time in exchange for a fee. Movie tickets are options!
−	* To provide value with this form of value you must:
−	** Identify an action people might want to take in the future.
−	** Offer potential buyers the right to take that action before a specific deadline.
−	** Convince buyers that the action is worth the price.
−	** Enforce the specified deadline on taking action.
−	* Options allow the purchaser the ability to take an action without requiring them to do so.
−	* Options help keeping specific courses of action open for a period of time before another transaction takes place.
−	~~=Questions for Consideration:=~~
−	* Does delivering value via offering options make sense for your business idea?
−	* If so, what do you need to plan for to make it successful?
−
−	~~Source: http://book.personalmba.com/option/~~
	[[Category:mbi]]		[[Category:mbi]]

← Older revision		Revision as of 20:01, 27 August 2020
Line 1:		Line 1:
−	~~Option~~	+	In [[The Personal MBA\|The Personal MBA]] an ''option'' means taking a predefined action for a fixed period of time in exchange for a fee. It is one of the [[Twelve standard Forms of Value\|Twelve standard Forms of Value]] (Form of Value #10 of 12). Options are valuable because they allow the purchasers with the ability to take a specific action without requiring them to take that specific action. Options are often used to keep courses of action open for a certain period of tiume. Options are often an overlooked form of value - flexibility is one of the [[Three Universal Currencies\|Three Universal Currencies]]. Find a way to give people more flexibility and you may discover a viable business model.
		+	=Key Points:=
		+	* An option means taking a predefined action for a fixed period of time in exchange for a fee. Movie tickets are options!
		+	* To provide value with this form of value you must:
		+	** Identify an action people might want to take in the future.
		+	** Offer potential buyers the right to take that action before a specific deadline.
		+	** Convince buyers that the action is worth the price.
		+	** Enforce the specified deadline on taking action.
		+	* Options allow the purchaser the ability to take an action without requiring them to do so.
		+	* Options help keeping specific courses of action open for a period of time before another transaction takes place.
		+	=Questions for Consideration:=
		+	* Does delivering value via offering options make sense for your business idea?
		+	* If so, what do you need to plan for to make it successful?
		+
		+	Source: http://book.personalmba.com/option/
	[[Category:mbi]]		[[Category:mbi]]