What’s your business model?
I have found that successful businesses leave footprints, so I model my businesses after other successful businesses in my industry.
A successful business model does these 4 few things well:
- Manufactures a great product and a price you can sell it for that makes your ample profit.
- Creates consistency in delivering your product or service to the custom.
- Provides great customer service.
- Allows your business to be profitable.
Think systems, (ie. McDonald’s) when you are creating your business model.
You want to develop a model that leaves little to chance. This will allow new employees and average employees to excel from day one in your company.