Business Model Design
What is your business model? … It may surprise you that a high percentage of business owners have no answer to that question. Some respond as if asked about their business plan, and others appear utterly confused. Of course, people operating successful businesses know what their business model is. They share it with employees, investors, suppliers, and customers or clients.
While a business model is an integral component of a good business plan, they are very different things. The Business Model (“BM”) is a financial model of the relationships among (and between) the assets of the business, its operating variables, the market variables, and the profit function of the business. The BM communicates (1) how the business makes money, (2) where the risks are in the business, (3) where the business constraints and stresses reside, (4) how profits can be optimized and business risks managed. Successful businesses use the BM for training and motivating employees, driving Quality throughout the business, attracting investor capital, optimizing profits, maintaining efficient operations, effectively managing risks, and testing new ideas or products. EMCE Consulting helps clients design and implement business models that improve and sustain business performance, and facilitate business growth. EMCE Consulting is the resource your business must have.
Contact EMCE Consulting today and take your business to the next level of success. Contact us to set up an appointment… we will work very hard to facilitate your success.
