In this issue, you will learn:

1. How are resources for new and existing small businesses different?

2. Which parts are the most important?

3. Putting one together: the steps

Reading time: 3 minutes.

We discussed the two difficulties that small businesses face in relation to the 12 systems in our previous issue.

We presented the business model canvas as the solution.

We mentioned that it was modified to suit well-established SMBs that have been in operation for a long time.

We covered the first two parts, key partners and activities.

Today we will cover key resources.

Key Resources

The original business model canvas has the following key resources:

1. Physical

2. Intellectual property

3. Human

4. Financial

An established SMB replaces that section with key capabilities.

1. People

2. Process

3. Technology

People are the most important and valuable resource. You need to choose the right people and give them the right seats.

They need to be at the right competence level. You need to engage and inspire them.

This part can include a link to your organizational chart or a table with all of your people's contact information, bios, CVs, and LinkedIn profiles, as well as all relevant information about them, such as how they were hired, what training they've had, their level of competence, your succession plans, your one-on-ones, and their personal development plans, which have give, get, and grow sections.

You'll also have access to your alumni pool, your associates pool, and your contractor pool.

All of this is on Clickup in a Kanban card view that can be seen as a table and exported to Excel.

This could be done with specialized software like Bamboo, a notes database like Notion, or a folder structure like SharePoint or Google Drive.

List the 12 end-to-end processes that are important for now as a rough draft. You can come back to them later to make changes based on your value proposition section, which we will talk about later.

Here are the 12 end-to-end processes:

This part is an inventory of the technology your SMB uses, with links to training and onboarding procedures for these tools, how much they cost the company, and discussions about them.

In the business model canvas, you put a link to that inventory.

That includes any kind of technology or tool, like printers or other hardware.

Wrap up of Part 2

As we progress through the issues, we'll get into the rest of our modified small business model canvas and the other tools I cover in my business coaching program and cohort.

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Ways I can help

I work with small and medium-sized business owners (SMBs) to help them set up 12 systems for their business so that it can run without them. When that happens, their business will scale. Without it, stagnation is the way forward.

I do this through:

• Cohort Classes

• Coaching sessions

• Consulting projects

I was recently chosen among 10% of experts globally to build on MavenHQ.

I'm preparing for my first Maven cohort, where I'll share my experience coaching 12 SMBs in tech, internet, pharma, food supplements, fitness, engineering, and shipping.

Reply to this email for a 90-minute free coaching session.

How can I improve the Business Builder?

Hit reply and let me know!

- Luqman