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
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, and 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 model has been successfully implemented in many businesses. This powerful tactic applied has already disrupted many industries like airlines, hotels, and 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 out or supervised over 90 different performance improvement projects in different industries that generated a total of 2 billion in 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 182 000 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, and tools that we use. To every lecture, you will find attached (in additional resources) the Excels as well as additional presentations, and 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 modifications, 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 tons of, tricks, hints, and 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 Musk
We 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
