Entrepreneurial alchemy : Te Whata can turn your whakaaro into mahi, and your wawata into pūtea with the recently launched Te Whata Indigenous Business Model Canvas.
It is not often you come away from a business workshop and within a few days you have your thoughts from the day, your aspirations for your business, and your To Do list turned into a simple, at-a-glance, one-page electronic business plan. But due to this KUMA workshop, that's what happened, when the work we did turned up in our inboxes, looking amazing.
Corey Bragg (Kāi Tahu, Ngāti Kahungunu; KUMA Board member; Teaching Fellow, OtagoBusiness School Kaimahi) ran an information packed business workshop exclusively for KUMA members last week. With support from Stevie Fergusson (Ngti Kahungunu, Kai Tahu, Rongowhakaata), a business student intern working for KUMA this semester, Corey took participants through the genesis of the business model, acknowledging its origins from the Stanford BMC and Strategyzer models.
Then Corey explained why he turned the business model upside down- literally.
Corey, Dr Diane Ruwhiu and students at Otago University have researched SME Māori businesses, and Corey has used his own experiences with indigenous business planning and entrepreneurship from around the world : Corey was one of the Kāi Tahu participants at the Stanford business programme in the USA a couple of years ago.
Corey has reengineered the business planning process, keeping the core components relevant to all business, and created a model that will appeal to Maori businesses and people working with Maori. This meant putting core values at the centre, and inverting the model to incorporate the poutama that signifies effort and achievement, and the ongoing generational legacy of sustainability and aspiration (Whaia e koe te iti kahurangi...) at the top. The legacy of Corey's own whanau also influences and informs his mahi, and participants were privileged to learn about this during the presentation.
Try to get onto one of his workshops soon, and challenge yourself to delve deeper into the motivation and drivers for taking your business from ka pai, to KA PAI!