NYX Resistance

Week two has been rather productive for NYX, we made great headway with our Value Proposition (VP) along with developing our first canvas. Our biggest struggle so far has been developing two variations on our current BMC.

What I've found rather interesting about this particular exercise is that unconsciously whether we recognize it or not, we tend to put ourselves in a box with respect to what we perceive our venture should look like. I came to this realization after attempting to make changes to our current model.

We talked about several ways we could alter the model, but to be honest, it almost becomes an exercise in frustration not to mention it is difficult to see beyond what we put down on our current canvas. I think this particular exercise really exemplified the importance of having an advisory board and simply going out and talking to people to gain an outsiders perspective.

I think it comes back to the whole issue of pivoting. Do we pivot? Do we not? I think in order to answer this question you need to be on a constant basis reevaluating your BMC. I really enjoy the layout of the BMC for this reason because it is essentially a living and changing business plan.

Lots of good food for thought.