🚀 𝗧𝗵𝗲 𝟵 𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗕𝗹𝗼𝗰𝗸𝘀 𝗼𝗳 𝗮 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗠𝗼𝗱𝗲𝗹 🚀 Creating a successful business model involves understanding the core components that drive value. Here are the 9 essential building blocks: 𝙑𝙖𝙡𝙪𝙚 𝙋𝙧𝙤𝙥𝙤𝙨𝙞𝙩𝙞𝙤𝙣: What problem are you solving, and why should customers choose you? 𝗧𝗮𝗿𝗴𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿: Who are your ideal customers? Understand their needs and preferences. 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗖𝗵𝗮𝗻𝗻𝗲𝗹: How will you deliver your product or service to customers? 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗥𝗲𝗹𝗮𝘁𝗶𝗼𝗻𝘀𝗵𝗶𝗽: How will you engage and build long-term relationships with customers? 𝗩𝗮𝗹𝘂𝗲 𝗖𝗼𝗻𝗳𝗶𝗴𝘂𝗿𝗮𝘁𝗶𝗼𝗻: What resources, processes, and activities create value for your customers? 𝗖𝗮𝗽𝗮𝗯𝗶𝗹𝗶𝘁𝘆: What unique skills, technology, or knowledge does your business have? 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽: Who can you collaborate with to leverage strengths and expand reach? 𝗖𝗼𝘀𝘁 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲: What are your major costs, and how will you optimize them for profitability? 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗦𝘁𝗿𝗲𝗮𝗺: How will your business generate income? Each building block plays a crucial role in shaping the success of your business. Together, they create a roadmap for sustainable growth and value creation! 🌱 #BusinessModel #Entrepreneurship #ValueProposition #Innovation #BusinessGrowth #Startups #Strategy
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The concept of "SMART" goals was created by George T. Doran who first published the idea in a 1981 article titled "There's a SMART Way to Write Management's Goals and Objectives". Very clever acronym 👏
SMART goals are a popular framework for setting clear and actionable objectives in business. SMART is an acronym that stands for: Specific: The goal must be clear and well-defined, answering the questions: What exactly do you want to accomplish? Why is this goal important? Who is involved? Where will it happen? Which resources are needed? Measurable: There must be a way to measure progress and determine when the goal is achieved. This often involves defining key performance indicators (KPIs) or quantifiable outcomes (e.g., revenue growth by 10%, increasing customer satisfaction score by 20%). Achievable: The goal should be realistic and attainable, given the available resources, time, and capabilities. It should be challenging but not so difficult that it's impossible to reach. Relevant: The goal should align with broader business objectives and be worthwhile. It must matter to the business's success and have a direct impact on key priorities. Time-bound: The goal must have a specific timeline or deadline. Setting a clear timeframe helps create urgency and focus, making it easier to plan and allocate resources effectively. Tony Cavaliere says "By using SMART goals, you can can break down large, vague aspirations into tangible, actionable steps, ensuring better focus and improved outcomes." #entrepreneurship #startups #motivation
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