If you’re attempting to have any sort of successful business, then at the core of your financial structure is going to be some type of business model. It’s a way to get things done. A way to move from point A to point B, in a way that makes your business move forward. There are lots of classic business models, and then there are an infinite number of ways to adjust those models to meet your specific needs.
One good place to look for adaptations that may help you will be as part of everyday activities around you. Some examples would be looking at successful cycles of work, people with good attitudes, failed experiments, trending concepts, and the knowledge that money isn’t everything.
Look For Successful Cycles
There are successful cycles all over the place that you can look to for business models. If youlook at the rehab treatment model, for example, you’ll note that the success of the overall chain of actions is specifically dependent on each individual step. In your business model, you can incorporate this same concept fairly easily.
Find People With Good Attitudes
Sometimes all you need to tweak your current business model into being something more successful is to take tips from someone with a good attitude. Often, their approach to their lives in general has a key to where something missing in your business chain resides. It could be a certain type of resilience in a certain situation, or a willingness to accept responsibility. Interview happy people, see what makes them tick, and inject that presence into your financial model.
What is success? Well, some people would define it as the absence of failure. So, if you want to find a business model that works, find out some catastrophic business failures, and avoid the things that happened to those owners and operators. You’d be amazed at how much you can learn from the mistakes of others in this way.
Recognize the Future Is Different Than the Past
Make sure that you pay attention to business model trends as well. Don’t focus so much on what worked in the past that you don’t allow the future to be created with different ways and methods. The onset of the internet was huge for changing business models, and then when the mobile revolution came, everything took another leap in a different direction. Ask yourself – ‘what’s next?’
Remember that Money Isn’t Everything
And remember that even when it comes to business financial models, money isn’t everything. There’s a value to branding, trust, and consistency that shouldn’t be ignored, and short-term gain as a business model goal is something that should be considered only in relation to long-term effects.