business model: choice, decision and execution

All of us at some point have had a desire to have a millionaire idea or simply to develop within a business model that allows us to grow in every sense of our life, making us begin to wonder if it is right what we choose as a business or if the idea we want to run is correct? In order to be sure about the business model you choose, you must take into account certain aspects that will help you have a clear idea of what you really need and can develop at a business level.

There are many aspects that come into play when choosing our business, sometimes we only get carried away by emotions, memories or simply by people close to us that encourage us to undertake a path of trader, but the truth is that every entrepreneur in development, has to consider the following aspects:

a) ability that the subject possesses, this applies to any area of business known and to be known; it is important that when a person wants to undertake, be clear about the skills you have, because in this way will be more productive path and of course less painful.

b) Available liquid capital, it is of high priority to know the amount of money we have to undertake, since in this way we will know how limited we are to develop the idea and not only this, but it will allow us to project step by step, what we will do on the way to the creation of our business.

c) cost structure of lower expenses and higher profits; it is absolutely essential that when executing a project, we take into account the raw materials, equipment and labor that we will use for it. The success in any project will begin with a good management and design of the cost structure, from this will depend the financial growth of the entity.

After expressing the above aspects we can say that being an entrepreneur requires many things, than just wanting to be one; it is true that motivation and wanting to get ahead is the first step, but we must also be honest with ourselves, this way we will find the way to choose the business model that fits our needs.

It is impressive how following a few simple steps that help us with our choice, we can create profitable businesses and incredible quality jump; time will always have the last word, but it is also true that with perseverance, discipline, wisdom and a little desire, we achieve wonderful things that are really worth doing.

Focus on the great things you know how to do, analyze what you could project from this to create a profitable business and then hurry to get the lowest production costs, so you get great profits.

Images used:
Image source 1
Image source 2
image source 3
image source 4