Business Model

Naomi Simson

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

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...

Get on with it.

Get on with it.

If you have a dream - follow it! Each day wake up think of the dream - and take one step towards it. It might be learning about it and starting a plan. Dreams can come true if you take one step towards it consistently. I'm sure Walt Disney had no idea what Disney...

How To Be A Breakthrough Company

How To Be A Breakthrough Company

How To Be A Breakthrough Company I’m just back from a holiday break with the family. It was great to rest and rejuvenate… to take in a few experiences too. Jet Ski Ocean Adventure - I’d never been on a jet ski before – the kids loved it! Also had fantastic fun at the...