THIS CATEGORY IS ABOUT THE

Business Model

Getting the Business Model right is about constant review

The ‘business model’ is about how money flows through the enterprise. 

It is important to consider the right business model for the right business. Just because another business in the same industry operates in a certain way, this does not mean that it is the right way.

In this series of blogs we will discover how you can look at a different approach to your business model. For instance there may well be a lot to learn from businesses that operate in different industries.

It is worth taking the time to understand the drivers of a variety of business models. In my opinion this is critical for entrepreneurial and business success.

Some of the important questions to ask yourself: how does money move through your business? What capital is required? What is the life time value of a customer? Where do customers come from?

These are just some of the questions to consider when designing the right  business model for your enterprise. Over the years running two sided market places I have learned to keep reviewing the model. Just because it worked when I started – does not mean that it will still work when the enterprise serves millions of customers.

Catch up on the Business Model blog posts

I ask who can help… I want simplicity

I ask who can help… I want simplicity

I ask who can help… I want simplicity I don’t know anyone who is not ‘busy’, I am not the only one seems like one of the most popular search terms is #lifehack. But apparently you cannot hack everything, and nor do you want to. I am often asked how I fit it all in,...

Rhythm is every business owners friend

Rhythm is every business owners friend

Set and Achieve a Big Hairy Audacious Goal One of the absolute 'pet hates' for employees… is 'wasting time'. Recently I wrote about the un-productive nature of linear asynchronous communications, which is a fancy way of saying ‘email’ is killing the productivity of...

Productivity Hacks

Productivity Hacks

Productivity Hacks As the first quarter comes to a close I wonder how we are going on making this year a bit easier than the year before. Have you had a few more wins, or made a bit more money? As the months pass most of us realise that the year seems tougher than the...

It’s a ‘devil’ of a job growing a business

It’s a ‘devil’ of a job growing a business

When you start a #business you are full of #positivity and #possibility – you are so driven by #passion that anything seems achievable – you operate on sheer energy. As you grow your business you begin to employ people, and you ‘hope’ that they are as passionate as...

Love them or they will leave you

Love them or they will leave you

It was great to have a $2 million pitch on TEN’s Shark Tank a few weeks ago. It was a business with a track record, a solid customer base and a clear vision for growth. Not to mention Stan Kruss, the founder, was an extremely polished presenter. When Andrew Banks...