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Casual Articles - How to Create a Successful Internet Business
How will I find my dream job on a cruise ship? Who will hire me? What do I need to know? Where will I get tips for getting hired? You will find the answers to these and other questions about working on a cruise ship if you read the following excerpts from Mary Fallon Miller's book 'How to Get a Job with a Cruise Line'. You'll get to know how much they will pay you, what you'll be doing and how lo
Cash flow – The meat of the matter. Without positive cash flow your business will collapse.
The framework that holds your entire business together consists of Mission, Leadership, and Team.
Mission – The true purpose of your company
Team – People who support the purpose of your company and the jobs necessary for success.
Leadership – Multiple jobs including defining
Innovation is an integral part of development, and without innovation, a business will just falter and stagnate. Innovation has to become a part of the day-to-day activities in order for businesses to survive. A business achieves success only if a person in authority can identify if an innovative project will be successful if implemented. Innovation refers to the process of creating successful ideas and
One of the best generic business models I have ever run across is the B-I Triangle, developed by Robert Kiyosaki with Sharon Lechter, introduced in “Rich Dad’s Guide to Investing” and explained very clearly in “Rich Dad’s Before You Quit your Job”. I highly recommend that every entrepreneur read “Before You Quit Your Job”, even if you have already quit. The reason the B-I Triangle is such a good business model is that the authors present the model in a very elegant, yet simple graphic that is easy to understand and remember. The model has five jobs that are required for success. These five jobs of a business are held together in a framework of a successful business.
The five jobs are product, legal, systems, communications, and cash flow. The framework holding the five jobs together are Mission, Leadership, and Team. Each one of these aspects of your business needs to be fully developed to create a truly successful business.
The remainder of this article briefly defines the aspects of the B-I Triangle in general terms to set the stage for the future articles. First listed are the five jobs of this business model. They are:
Product –Whatever you are offering your customer.
Legal – Includes multiple aspects of your business, beginning with the right entity structure for your business. You also need to remember other aspects of your business require legal support as well including copyrighting, partnerships, licensing, etc., just to name a few.
Systems – Business structure required to support your company.
Communications – Required to reach your customers. Also necessary for partners, investors, employees, vendors, and other people involved, even superficially, with your business venture.
Cash flow – The meat of the matter. Without positive cash flow your business will collapse.
The framework that holds your entire business together consists of Mission, Leadership, and Team.
Mission – The true purpose of your company
Team – People who support the purpose of your company and the jobs necessary for success.
Leadership – Multiple jobs including defining
Are you searching for a career field that is challenging, interesting, and needs qualified workers? Before you decide which path to choose, take a few minutes to consider five of the most in-demand careers areas. These areas are, according to the Bureau of Labor Statistics (BLS), going to experience high growth and demand for workers over the next ten years.1. Education and health servicesrs if we work through the process together.
One of the best generic business models I have ever run across is the B-I Triangle, developed by Robert Kiyosaki with Sharon Lechter, introduced in “Rich Dad’s Guide to Investing” and explained very clearly in “Rich Dad’s Before You Quit your Job”. I highly recommend that every entrepreneur read “Before You Quit Your Job”, even if you have already quit. The reason the B-I Triangle is such a good business model is that the authors present the model in a very elegant, yet simple graphic that is easy to understand and remember. The model has five jobs that are required for success. These five jobs of a business are held together in a framework of a successful business.
The five jobs are product, legal, systems, communications, and cash flow. The framework holding the five jobs together are Mission, Leadership, and Team. Each one of these aspects of your business needs to be fully developed to create a truly successful business.
The remainder of this article briefly defines the aspects of the B-I Triangle in general terms to set the stage for the future articles. First listed are the five jobs of this business model. They are:
Product –Whatever you are offering your customer.
Legal – Includes multiple aspects of your business, beginning with the right entity structure for your business. You also need to remember other aspects of your business require legal support as well including copyrighting, partnerships, licensing, etc., just to name a few.
Systems – Business structure required to support your company.
Communications – Required to reach your customers. Also necessary for partners, investors, employees, vendors, and other people involved, even superficially, with your business venture.
Cash flow – The meat of the matter. Without positive cash flow your business will collapse.
The framework that holds your entire business together consists of Mission, Leadership, and Team.
Mission – The true purpose of your company
Team – People who support the purpose of your company and the jobs necessary for success.
Leadership – Multiple jobs including defining
Many Small and Medium businesses (SMB's) struggle for a piece of the action in very competitive markets. They find it difficult to spend great amounts of money on advertising, yet fear being left behind if they don't. Public Relations can be a cheap or even free alternative to regular marketing and advertising efforts, sometimes producing even better results (since news items are considered more trus
The five jobs are product, legal, systems, communications, and cash flow. The framework holding the five jobs together are Mission, Leadership, and Team. Each one of these aspects of your business needs to be fully developed to create a truly successful business.
The remainder of this article briefly defines the aspects of the B-I Triangle in general terms to set the stage for the future articles. First listed are the five jobs of this business model. They are:
Product –Whatever you are offering your customer.
Legal – Includes multiple aspects of your business, beginning with the right entity structure for your business. You also need to remember other aspects of your business require legal support as well including copyrighting, partnerships, licensing, etc., just to name a few.
Systems – Business structure required to support your company.
Communications – Required to reach your customers. Also necessary for partners, investors, employees, vendors, and other people involved, even superficially, with your business venture.
Cash flow – The meat of the matter. Without positive cash flow your business will collapse.
The framework that holds your entire business together consists of Mission, Leadership, and Team.
Mission – The true purpose of your company
Team – People who support the purpose of your company and the jobs necessary for success.
Leadership – Multiple jobs including defining
I truly believe that every individual in the whole world is potentially only five or six contact steps away. This ‘five or six degrees of separation’ shows that even an entire population of over five billion people is still highly accessible.However, for practical purposes, we don’t necessarily want or need to meet millions, or even thousands of people in different organisations, age group
Product –Whatever you are offering your customer.
Legal – Includes multiple aspects of your business, beginning with the right entity structure for your business. You also need to remember other aspects of your business require legal support as well including copyrighting, partnerships, licensing, etc., just to name a few.
Systems – Business structure required to support your company.
Communications – Required to reach your customers. Also necessary for partners, investors, employees, vendors, and other people involved, even superficially, with your business venture.
Cash flow – The meat of the matter. Without positive cash flow your business will collapse.
The framework that holds your entire business together consists of Mission, Leadership, and Team.
Mission – The true purpose of your company
Team – People who support the purpose of your company and the jobs necessary for success.
Leadership – Multiple jobs including defining
When I was writing this blog the snowball effect seemed to talk hold of me and so it was split into two parts!The has been much press about outsourcing over recent years. Call centres to India were the initial hole in the dam. As this hole expanded to allow more trade it sucked in medical billing processes, content for publications, x-ray and even private tutoring for children.
your customers. Also necessary for partners, investors, employees, vendors, and other people involved, even superficially, with your business venture.
Cash flow – The meat of the matter. Without positive cash flow your business will collapse.
The framework that holds your entire business together consists of Mission, Leadership, and Team.
Mission – The true purpose of your company
Team – People who support the purpose of your company and the jobs necessary for success.
Leadership – Multiple jobs including defining the company’s mission, creating the team, keeping the company strong, growing the company, etc.
This article is the first of in a series of nine articles designed to work through the eight aspects of business model as they relate to creating a successful internet business. I am writing these articles to help me develop my business model. Let’s work together and by the end of the series of articles, we both will have developed a model for many successful years of business.
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