Could a stranger walk into your office and operate your business? They might if you have a business model that defines each step of your business process. Create one using a simple business template that provides real business processes.

Start with a summary of what you do each business season.

Sell ​​Product or Services

Define your product or service within a pictorial scale, including price, value, and a description of what each entails. Give your products names that identify, define, and value the individual product or service, and then put them in your product or service journal.

Define market niche

Identify your buyers. Who are they? How much will they spend? How often will they buy? Will they be back for more product? Are you going to meet them in person or online? Will your buyers come to you or will you bring your sales to them?

Select payment options

How will you be paid for the products and services? What financing plans will be available? Decide how you will accept payment and whether your accounting program will be cash or accrual. Will you send invoices, statements and other billing options? How will you communicate the collections?

How the product is delivered

One of my favorite sections of the business model is the product section. We have the opportunity to define our product, decide how it is produced and how to deliver our products. Some products are easy to understand, others require a bit of finesse.

I specifically remember one product that involved ordering a mass production from an auto supply company, ordering boxes, and then spending hours inserting product into boxes and then shipping via USPS at the end of each day. Labeled because my hardest problem. With each order I was downloading shipping labels. After a particularly grueling week of shipping hundreds of boxes, my daughter found a “drop shipper” who did all the shipping.

We’ve simplified our business model, increased our profits, and taken a lot of labor out of the shipping process.

The business model gives you a choice of methods to deliver not just one product, but multiple products. You can send some, while you personally send others, and some can even be transferred digitally. The key is to have a plan and know what happens with each product grouping.

Service Delivery Options

Another key component of your business is the overall development and provision of services relevant to the end game of business transactions. Every business has a certain number of services, but determining how they are performed, delivered, and completed is part of the overall business model.

Functional business models they can be as complete or circumspect as you want them to be, but for more automated systems, or for systems that are operated by non-proprietary entities, the more complete the Business Model, the easier it is to hire assistants to complete the job.

Creatively put as much effort into your business model as you hope to get out of it. The better it is written, the more effective it will be.

Scorecards and a procedure book can be important to your business model. They offer simplified business methods and distinctive instructions and procedures for each business segment.

If your business model needs some attention, you may want to contact a consultant.