No please don’t panic or stress that you don’t even have a business idea yet, that art is coming but this process will help you to weed out the not so great ideas and make the ones that you love easy to move forward with.
Let’s talk about the exciting world of BUSINESS MODELS…. FUN!
Right Ash, what the hell is a business model
- It is your roadmap
- It is your game plan
- It is the foundation and blueprint of how your business will run
- It is how your business will make money
- It is what you will be invoicing for, what your clients will be paying you for.
You need to start answering some questions, will you be product of service based?
Some Service based entities include
- Graphic design
- Book keeper
- Teaching a skill or classes
- A life coach
- A stylist
- A photographer (although they can do product too)
Some Product based entities
- Baked goods
You can always find people who have done what you do or what you are wanting to do, even though no one will ever do it quite like you do, and never forget that, no matter what you do, you will always bring in that unique style that only you can authentically achieve and that makes every idea you have beautiful
I am wanting to start 2 new ventures this year in my photography business. One is going into weddings but I have a very strategic game plan for that so I won’t lose myself in it all and the second one is to set up a studio space form myself where I can have lighting and backdrops and a meeting space that is all pretty and either pink or green.
I have googled wedding business model samples and now I can go through them and edit them to suite my style of how I want to operate
The exciting part of all of this is that now, you and I will be streaks ahead of our same industry wanna- be’s because you, you are smart! You have a game plan you have direction and you know where you want to go and have ideas and destination markers to get you there, you are not running around blindfolded in So-where-too chasing the next shiny thing. The result of not having a game plan is that they will either give up or they will be trying to follow the next get rich quick scheme….. oooooo they going to be so jealous of you!!!!
Here is what you are going to do: - study your ass off and know your business model before you even start.
Here is the how part
READ BOOKS AND ARTICLES, (I am sure that LinkedIn is overflowing with them)
LOOK UP “TOP NAMES IN ……………… INDUSTRY follow them, learn from them, they are the masters who have made it work and put in the sweat to get to where you want to go, LEARN from them, look at how they recovered from the mistakes they made, don’t make those mistakes, learn…..
There are so many ways to find out almost everything you want to know.
Learn about the kind of business
The business industry
The people who have succeeded
Energy flows where focus goes, you will find yourself asking the right questions, having the right people show up in your like, topics of conversation suddenly answering your questions you will begin to become an expert in your chosen field, and then you will be able to pro/ con the hell out of your ideas and come up with “perfection”
Stop slumping in despair, I know it is loads of work, but think of where it is going to take you! Think of what you will be gaining, this is the document that will be the answer to your dreams coming true, and if that doesn’t inspire you then maybe it isn’t your dream. Remember, to make dreams come true, we need to wake up getup make some coffee and more forward, it’s not going to happen without us putting in the leg work! Think of what you will learn, think of who you could meet!!
Right, now to start thinking about the WHAT am I going to do….
Take out that journal and let’s get brain storming
Here are some dun questions to get the brain buzzing.
What do my friends and family say I am good at, ( complaining and moaning may not be the best answers here, let’s try find the happy positive stuff here, unless your goal is to create a business playing devil’s advocate)
What have you found people struggle with?
If you have 3 hours spare, what would you do with them? (No napping)
Remember, what comes easily to you, does not come easily to someone else, so you get all of those ideas out, come up with a minimum of 20 and leave space to add to it because I can guarantee that while you go about your day to day life, because you are now asking these questions your brain will be looking for answers in everything you are doing and you will come up with more plans and ideas.
Think of skills you have acquired, knowledge you have gained, problems you have overcome write it all down! No, I am not kidding, changing a nappy while restraining a toddler is a skill!!! Write it down. Coming up with lunch box ideas when you have not been able to get to the shops – it’s a skill! Write it down! Coming up with an underwire bra that won’t stab you in the chest, I beg of you write it down!!! And then we can start going through it all and create your product/ service lists and you will have gorgeous ideas to work on with your business model….
Busy week for you! have fun. And stay FABULOUS Dahhhhhhhling.