If you’re considering improving upon your company and taking the steps to ensure growth, it’s crucial to know your business. Here are important elements of any business, no matter what size your company is and regardless of industry.
1. Value Proposition: the product/service, its features and benefits or uniqueness vs. competition; size of the market opportunity; and the minimum viable product that best illustrates the product as quickly as possible to elicit customer feedback
2. Customer Segments: who is your customer and why do they benefit from your product
3. Channels: how do you distribute and sell your product
4. Customer Relationships: how do you create a demand for your product
5. Cost Structure: the fixed and variable costs required to operate your business
6. Key Activities: the tasks your employees must perform to succeed
7. Key Resources: suppliers, commodities and / or other essential elements of the business
8. Key Partners: other enterprises essential to the success of the business
9. Revenue Streams: revenue and profit sources and size
To learn more and / or to schedule your complimentary appointment with the business experts at Global Resources LLC, call us at 855-338-0266.
No comments:
Post a Comment