Mister Line Editor
Mister Line Editor
  • Editing Proofreading Services and Prices
  • Editor and Proofreader
  • About Me
  • Blog
  • Children's Books
  • Customer Reviews
  • Contact Me
  • Editing Proofreading Services and Prices
  • Editor and Proofreader
  • About Me
  • Blog
  • Children's Books
  • Customer Reviews
  • Contact Me

Four Steps to Writing a Good Business Model

3/6/2017

0 Comments

 
Tara Duggan reports:

"Developing a business model typically entails describing how your company operates. Writing a good business model involves answering questions about your company’s customers and product[s] or services, as well as its marketing and distribution strategies. In addition, the model should list the roles and responsibilities of employees in achieving these goals. Analyze your organizational structures and modify them regularly to maintain a competitive edge in today’s dynamic marketplace...Gather a team of people from different parts of your business to describe your current or proposed operations. Start with a brainstorming activity. Draw a picture of how your business operates on a flip chart or white board. Draw circles, label them and then connect the circles with arrows to show the interrelationships...Download a template or develop your own format for documenting your business model. For example, use the business model calculator template provided by the Microsoft Office Templates website to record your team’s answers to questions about financial, customer and sales aspects of your business. Your model can also include details about different groups of customers and how your products or services provide value to them. List the costs incurred to run your business, including materials, employees and production expenses. List the partners and suppliers you work with to achieve your strategic goals...Analyze your options. Choose a traditional 'bricks and mortar' operational business model where customers come to your store to buy products or services if your customers are local to you. If your target market is more geographically diverse, select a different approach, such as using the Internet to allow customers to order products and get them shipped to their location. Decide how to use your company resources to provide valuable products and services while maintaining a profitable business. Identify opportunities for acquiring new customers or partners. Isolate weaknesses and potential risks or threats...Improve your business model by identifying more ways of providing valuable products or services to customers. Add information about potential new customers, additional value your company can provide, untapped distribution channels and customer relationships you can leverage to gain new business. List potential revenue streams. Describe how you manage resources, procedures, partners and costs. Add statistical information to your business model from the U.S. Department of Commerce to show the general industry outlook."
0 Comments



Leave a Reply.


    Writing and editing can be pretty rigorous processes if you want to do them well, but that's what this page is here for. Check out the latest tips here.

    Archives

    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015

    Categories

    All

    RSS Feed

    Picture
    J.D. Parsons
    Author
    SEO Writer
    Proofreader
    Editor
    Internet Researcher
Proudly powered by Weebly