Low Cost Business Models

How to create a no-frill low-cost business model and kill the competition

What you'll learn
Understand the low cost model
You will know when and how you can apply low cost model
Build your own low cost business in your industry
Requirements
Basic knowledge of economics
Some common sense and logic
Description
What is the aim of this course?The success of many companies depends on figuring out a clever way to grow, earn or operate that will change drastically change the game, stack the cards in their favor. There are many interesting business hacks that give this result.  In this course, I will show you how one of such business tactics – the low-cost models have been successfully implemented in many businesses. This powerful tactic applied has already disrupted many industries like airlines, hotels, retail. One of the best-known examples are IKEA, Southwest, and Raynair    This course is based on my 15 years of experience as a consultant in top consulting firms and as a Board Member responsible for strategy, performance improvement, and turn-arounds in the biggest firms from Retail, FMCG, SMG, B2B, and services sectors that I worked for. I have carried or supervised over 90 different performance improvement projects in different industries that generated in total 2 billion of additional EBITDA. On the basis of what you will find in this course, I have trained in person over 100 consultants, business analysts, and managers who now are Partners in PE and VC funds, Investment Directors and Business Analysts in PE and VC, Operational Directors, COO, CRO, CEO, Directors in Consulting Companies, Board Members, etc. On top of that my courses on Udemy were already taken by more than 110 000 students including people working in EY, Walmart, Booz Allen Hamilton, Adidas, Naspers, Alvarez & Marsal, PwC, Dell, Walgreens, Orange, and many others.I teach through case studies, so you will have a lot of lectures showing examples of analyses, tools that we use. To every lecture, you will find attached (in additional resources) the Excels as well as additional presentations, materials shown in the lectures so as a part of this course you will also get a library of ready-made analyses that can, with certain modification, be applied by you or your team in your work.In this course, apart from the case studies of companies that implemented the low-cost model I will show you the math behind the low-cost model that fuels the whole business and makes it so successful.        In what way will you benefit from this course?   The course is a practical, step-by-step guide loaded with tones of, tricks, hints, examples that will show you where you can go with your business. There is little theory – mainly examples, a lot of tips from my own experience as well as other notable examples worth mentioning. My intention is that thanks to the course you will know:    How low-cost model work?   How you should build it in your industry?   Where do you have to look for improvements to be competitive?   How to estimate your competitive advantage using data from your industry?   You can also ask me any question either through the discussion mode or by messaging me directly.   How the course is organized?   The course is divided into the following sections:    Introduction. I begin with a little intro into the course  as well as into the low-cost model   Examples of Low-Cost Models. Here I show examples of low-cost models from different industries. You will also find also links to a lot of additional materials that should help you in building your business.    The math behind the low-cost model. In this section, I will show you want drives the economics of the low-cost model. I will show you using an example of airlines how a low-cost carrier differs in comparison with regular players   The Blue Ocean Strategy. To create a low-cost business, quite often you will be using the Blue Ocean Strategy. In this section, we will have a look at how to implement it.10x current solution using first principles. In this section, we will discuss the so-called first principles that will help you find much better, more optimal solutions. This is the favorite method of Elon MuskWe will be adding new sections in the coming months and expanding existing ones    You will also have access to many additional resources    Links to interviews and presentations with more detailed data    Data showing the impact of some of the hacks on the business    Links to books worth reading    So enjoy the course and if you have any questions let me know   

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 About me

Lecture 3 Low Cost Model - introduction

Lecture 4 How to deal with Blurry image

Lecture 5 How to reach additional resources

Section 2: Case studies of successful low cos models

Lecture 6 IKEA

Lecture 7 Ryanair

Lecture 8 Biedronka

Lecture 9 Fitness Clubs

Lecture 10 Low cost hotels

Section 3: Math behind the low cost model

Lecture 11 Introduction to math for low cost models

Lecture 12 Compounded Effect

Lecture 13 Raynair vs regular airline - math behind the low cost model

Section 4: The Blue Ocean Strategy

Lecture 14 The Blue Ocean Strategy vs Low Cost Business Models

Lecture 15 The Blue Ocean – Introduction

Lecture 16 The Blue Ocean – Non Users

Lecture 17 4 frameworks

Lecture 18 Blue Ocean Strategy – 6 paths to achieve it

Lecture 19 Blue Ocean – Starbucks

Lecture 20 Blue Ocean – Citizen M

Lecture 21 Blue Ocean – Zappos

Section 5: 10 x current solution using first principles

Lecture 22 10 x current solution using first principles – Introduction

Lecture 23 10 x current solution using first principles – General Framework

Lecture 24 Reduce water using 10x framework – Case Introduction

Lecture 25 Reduce water using 10x framework – Drivers

Lecture 26 Reduce water using 10x framework – Curent Consumption

Lecture 27 Reduce water using 10x framework – Options

Lecture 28 Reduce water using 10x framework – Summary

Lecture 29 Decrease cost using 10x framework – Case Introduction

Lecture 30 Decrease cost using 10x framework – Drivers

Lecture 31 Decrease cost using 10x framework – Current Level

Lecture 32 Decrease cost using 10x framework – Options

Lecture 33 Decrease cost using 10x framework – Summary

Lecture 34 How to scale up a business – best practices from top firms

Section 6: Conclusions

Lecture 35 Bonus Lecture:

Business analysts ,Entrepreneurs,Consultants,Startups founders