Josh Oakes’ Post

How your business model can affect your overall revenue Some key aspect to focus on to build a solid business model: 📌 Understanding your target audience's needs 📌 Offering a valuable product or service 📌 Identifying the right market for your business Many business owners overlook the importance of their business model and how it affects their bottom line. A business model is simply a structure you create to make sure you profit. A business model is more than just a document; it's a roadmap to profitability. It guides you from having a business idea to actually making money from it. It's how you go from "I have a business idea" to "My business makes me money." And one of the model you MUST embrace in this new age is the "Customer-centric model." This is when you only make a decision or judgement in any part of your business when you know how it will affect the customer. Why? Because your customer is your business. You exist because they do. Now that you know this, I believe you'll make conscious effort to only move when your customer/target audience moves. Yes, you can control the market. But you can only control it to what the customer will benefit from. Choose to satisfy your customer and they'll pay you well back. My name is Kiitan Jones, Team lead at AMAP Drive. We specialize in helping businesses revamp their business system using the A-MAP model to unlock their full potential and drive significant impact. Want to take your business to the level you know it should be? Send a DM!

If you don't create a business model, you'll be swallowed by one. Here’s how to plan for your business (in 7 steps): 𝗣𝗶𝗻𝗽𝗼𝗶𝗻𝘁 𝗬𝗼𝘂𝗿 𝗧𝗮𝗿𝗴𝗲𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 Your product’s useless if it’s aimed at the wrong people. Who are you selling to? • Define your ideal customer • Understand their demographics • Tailor your marketing and sales Without a defined target audience, marketing becomes a guessing game. 𝗗𝗲𝗳𝗶𝗻𝗲 𝗬𝗼𝘂𝗿 𝗩𝗮𝗹𝘂𝗲 𝗣𝗿𝗼𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻 What sets your product or service apart? Start by identifying pain points in your target audience. Then position your unique selling points to solve those issues. Articulate what the market is missing and how only you can help plug that gap. Differentiate yourself and become impossible to ignore. 𝗠𝗮𝗽 𝗢𝘂𝘁 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗦𝘁𝗿𝗲𝗮𝗺𝘀 Without cash flow, your business will suffer. Understand how you will make money. • Clearly outline primary and secondary sources of income • Diversify your revenue streams for long-term viability Build a resilient financial foundation. You never know when that foundation will be rocked. 𝗡𝗮𝗶𝗹 𝗬𝗼𝘂𝗿 𝗖𝗼𝘀𝘁 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 What does it cost to run your business? • Break down fixed and variable costs • Stay on the lookout for ways to save cash • Regularly review and adjust as your business grows Efficient cost management + diverse revenue streams = a solid long-term biz. 𝗗𝗲𝘃𝗲𝗹𝗼𝗽 𝗬𝗼𝘂𝗿 𝗖𝗵𝗮𝗻𝗻𝗲𝗹𝘀 Pinpoint the most effective sales and distribution channels to connect with customers. Online and offline avenues give you wider reach and visibility. The right channels mean your product finds its audience faster. Precisely targeted toward those who need it most. Distribution drives your empire. 𝗖𝗿𝗲𝗮𝘁𝗲 𝗮 𝗦𝗰𝗮𝗹𝗮𝗯𝗹𝗲 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 Always plan for growth. • Build a flexible business model • Anticipate market changes and opportunities • Invest in scalable technologies and processes Scalability ensures your business can grow without being constrained by the initial plan. Systematize your expansion. A thoughtful business model can make or break your business. It's your roadmap in a dynamic market. With the points above, you'll set the stage for sustained success. Plan wisely, execute relentlessly. That's a wrap! If you enjoyed this: 1. Follow me Evan Nierman for more of these 2. Subscribe to my newsletter for more breakdowns like this: https://lnkd.in/g8MF5-6g

As a small business owner, it's important to always be thinking about growth. But where do you start? Forbes suggests three ways to set the stage for growth. First, identify your target audience and make sure your messaging speaks directly to them. Second, foster a culture of innovation within your company by encouraging creative thinking and experimentation. And third, prioritize customer service to retain customers and attract new ones. With these strategies in place, you can start building a strong foundation for growth. #GrowTalentManagement #GrowSmallBusiness #M&A2   https://lnkd.in/eMrmGWj 

Business strategy and tactics are crucial for the success of any business, but often, entrepreneurs tend to overthink and complicate things. However, the key to a successful business lies in a customer-focused approach. By understanding your customers and their needs, you can create a business strategy that meets those needs and effectively addresses their pain points. When you prioritize the customer, everything else naturally falls into place. You can identify the right channels to market your product or service, tailor your messaging to resonate with your target audience, and create a customer-centric culture that fosters loyalty and trust. 👥💭👤 Therefore, it's important to regularly gather feedback from your customers, engage with them on social media, and create a customer service experience that exceeds their expectations. By focusing on your customers, you can build a strong foundation for your business and create a sustainable competitive advantage. So, don't overthink your business strategy and tactics, instead, put your customers at the forefront of your decision-making process. #customerfocus #entrepreneurmindset #businessstrategy #customersatisfaction #marketingstrategy #customerloyalty

UNDERSTANDING BUSINESS [Part #3] Did I not promise to continue this discourse? Well, this is a continuation. So, here are more tips for you to learn how to navigate from an idea to a finished product. Don't ever make the mistake of thinking all you need is your product. 3. VALUE PROPOSITION: First, I want to dismantle two myths about the market. The first myth is about getting into a market where there is no competition. This is a myth and nothing can be farther from the truth than that. If there is no competition, then it's a clear indication that there is no market there. Enter a market where there is competition. At least, that gives you a picture that there is a market for the products/service you offer. What you should figure out afterwards is how to stand out in that market. This is where you propose the value you are offering. The second myth is about focusing on your competitors. If you do that, you will never lead the market because you will only be waiting for your competitors to make the first move. Focus on your customers and make the first move. Propose an irresistible value to your market that they can't afford to say no. This means that you've got to ask yourself some tough questions. Ask yourself; What sets my business apart from my competition? Your value proposition is what makes your business unique and valuable to customers. Clearly communicate what you offer and why it's better than what others provide. Focus on solving problems or fulfilling needs for your target audience. 4. BUILD A STRONG BRAND: A strong brand is essential for attracting customers and fostering loyalty. Develop a brand identity that reflects your values, and personality. Consistently communicate your brand message across all channels, from your website and social media to your packaging and customer interactions. Attach a resonating personality to your brand and make it obvious. ACTION PLANS 1. Make the necessary adjustments today and watch how your business grows. 2. If you need help to solve your business problems, contact our team on https://lnkd.in/e-gpywaq

Describe your business. “Innovative.” Sorry, that word’s taken. Imagine if someone trademarked all your favourite business-related adjectives. What would you do? Would you: a) Quickly consult a thesaurus to find an alternative or b) Stop and think. I recommend b). Instead of trying to find words like innovative to describe your business, think about what makes you innovative. What are the approaches, processes, services or products you use that would make your customers think, “Wow, this is different, how refreshing”? How do these approaches, processes, services or products impact your customers? What benefits do they bring? Instead of telling your audience you’re “innovative” show them how you can solve their problems, address their needs and transform their lives. ❎ Saying “We’re innovative” is meaningless. ✅ Showing how you make a difference to your customers is meaningful.

Absolutely! Starting a business isn't just about making money; it's about creating good vibes, growing together, and making a positive impact on our team, customers, and everyone involved. STEP One Step Ahead SWATI GAONKAR #startuplife #enterpreneurship #business #team #growthmindset

Price is not a number you slap on after the product and positioning is done. It’s one of the most critical ways that the product and positioning is defined. It determines your business model:

Elevate Your Business Goals in 2024! (this isn't a hack - it's pure psychology) I review countless strategies every day. The ones that excel usually have a focused goal. Don't let 2024 be a year of hazy objectives: - Some aim for higher revenue but don't specify how - Others want more clients but lack a clear plan - Many end up "planning" but not executing If you have to "think" for 2 minutes + "write" for 3 minutes about your goal, it's too complicated. Simplify. My Big 3 for formulating a "clear" 2024 goal: 1. Quantifiable Targets (easy to measure) 2. Actionable Steps (yes or no, did you do it?) 3. Deadline (mark that date!) There's science behind setting a good goal. ↳ It should inspire "instant" action. 𝗦𝗶𝗺𝗽𝗹𝗲 𝗴𝗼𝗮𝗹𝘀 → 𝗿𝗲𝗺𝗮𝗿𝗸��𝗯𝗹𝗲 𝗮𝗰𝗵𝗶𝗲𝘃𝗲𝗺𝗲𝗻𝘁𝘀. 𝗣.𝗦. What's your No. 1 goal to achieve in your business in 2024? Make it snappy, folks! 🎯 #digitalmarketingtips #marketingstrategy