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Business modelling

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Gateway to new possibilities

A model of your business allows you to intelligently work on your business.

Why model your business?

Gaining knowledge from your business model could cost effectively assist you

  • IMPROVE your processes
  • DIVERSIFY to other situations or products
  • PROGRESS based on measured results
  • be AGILE in a changing environment and circumstances
  • have PARTICIPATION of key people
  • be CUSTOMER FOCUSSED
  • FRANCHISE a successful model and
  • have EXIT STRATEGIES

Business Improvement

How does your business improve?

The term Business Improvement may have different meanings for different business owners.
    One business owner I have worked with wanted to improve their business by finding a new way to track their revenue and expenses in a timely manner.

    For another they wanted to use a marketing system to help generate qualified prospects for their niche product.

    Another wanted to modify their production process to create a better product.
In each case, a change was required to help realise an ideal that did not exist.

Recent development in software now allow businesses to represent what they do from more than one view so as to create a workable model of the current and future states.

A turn key model

Identifying and implementing useful systems

A predefined turn key framework may look at the
  • Business Vision
  • Key business areas
  • Key performance indicators
  • Key roles
  • Key people
  • Key policies and procedures

Mapping entities and relationships

Model anything in your business and define relationships between them

A map of entities and their relationships may look at
  • General information
  • Items and item classes
  • Interaction between people, systems and objects
  • System behavour
  • Process Areas and Processes
  • Dependencies
Important!

Business On A Page Gateway

Discuss how a model can be an advantage for your business by contacting us for a no obligation and free meeting.

Past, Present and Future

Measured steps towards a new vision

In order to change for the better, there could be benefits from defining what your current state is and what your new state will be.

From the model of each state you may find steps to make your future a reality and create meaningful measures to help monitor your progress.

Monitoring change based on predefined measures, may help determine if you are getting closer to your desired result or highlight if you are not getting closer and need to make adjustments.

An analogy

Applying Turn-Key Business Modelling terms to throwing a dart

A dart player standing at a throw line in the same position as before and knowing the result of their last throw can improve to hit the Bulls-eye by adjusting key elements of their throw e.g. their arm position, the aim of their dart and/or force of the throw.

Once the dart has been thrown, the improvement can be measured from the landing position of the dart on the dartboard. Hopefully, getting closer to the Bulls-eye.

Applying part of the Turn-Key Business Model to this analogy of throwing a dart, one can ask
  • What do key areas of your business look like? Similar to defining the dart, the dart board and Bulls-eye, the throw line and arm position.
  • What do key areas of your future business look like? Similar to changing the darts.
  • What is the vision for your business? Similar to hitting the Bulls-eye.
  • How do you measure your success in changes you apply? Similar to measurimg the darts position when it lands on the board.

Business products from Amazon

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A sample exercise

Try creating a vision and mission

Use these ideas for a business, project or task
Business On A Page Advantage training manual (extract)
Where are you taking your business?
Define a personalised vision and mission for your business using this extract from the Business On A Page Advantage training manual.

Reader Feedback

  • businessonapage Sep 20, 2008 @ 8:49 am | delete
    Hello Vicki, I have found TKO a terrific turn-key solution for quickly modelling business vision, mission, key business area, key performance indicators and so on. Having said that though, check out the lens you inspired. Directory: Suppliers of Business and Process software and services.

    For those interested in this area, please feel free to contact me to discuss which software would suit your needs the most.
  • Vicki Farrugia Aug 4, 2008 @ 9:50 pm | delete
    I have used this TKO software and found it amazing. I also know of a guy who wanted to sell his business and used the TKO software to map the business and print a very impressive manual to issue to prospective buyers. The software and process of mapping the business brought to light some areas of inefficiency, duplication and resource issues and it was much easier to make adjustments. In the end, the guy decided that with those adjustments, the business was worth holding on to. This was about three years ago, and I don't know whether he has sold it or not. All I know is that if I was looking to buy a business I would feel much more inclinded and confident in buying a business which had its structure, resources, personnel roles, policies, procedures and other vital information. There would just be less 'unknowns'.
  • Catalysthere May 16, 2008 @ 9:12 am | delete
    Impressive stuff-Welcome to our little Group and Best Wishes for your future ventures!!
  • Louise May 11, 2008 @ 7:21 am | delete
    I could see how I could use this in my business. There's a couple of areas I can identify as needing improvement. Would love to know how you think you could help. I'll contact you by email.
  • Kate May 10, 2008 @ 2:22 am | delete
    Very helpful impressive, finding it very helpful
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businessonapage

Today, I publish as a new squidoo-er (9 May 2008). My passion is business and high-tech IT stuff that helps make carrying out business easier. Please... more »

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