Business Model Review
What we do and how does it work!
Your business model describes the detail of how your business strategy will be implemented and your business goals achieved.
Business Model Review
It outlines how your organisation is organised –how it delivers your products and services to your customers –your revenue streams and how you add value and therefore margin in the process.
Determining the business model is a choice –it is a choice with implications on your resource requirement. Most businesses start with pretty clear business models – but often day to day decision making – dealing with challenges, responding to opportunities, results in a fuzzy model. Where there was once clear revenue and margin streams, it is increasingly more costly to realize that revenue. This is a sign of potential business model stress and time to reset and renew.
Our approach in SMOHFI Advisors to reviewing Business Models is to firstly understand the Business Strategy of the owner/leadership team – their access to resources and skills and their degree of urgency for change and growth. Working with the leadership team, Lead Your Industry facilitates the analysis of the current model and develops scenarios for alternate business models for comparison.
An excellent tool for evaluating your current business model and for exploring alternatives is the Business Model Canvas. The Business Model Canvas is a strategic management template for developing new or documenting existing business models. It is a visual chart with elements describing a firm’s value proposition, infrastructure, customers, and finances. It assists firms in aligning their activities by illustrating potential trade-offs.
5 Reasons why you should do a Business Plan Review!
A business plan review presents the perfect opportunity to discuss your strategies, plans, and goals with a professional who has ample experience in producing successful documents. You’ll hear objective feedback on your idea, have flagged any potential challenges you may face, and see if your plan is missing any essential information about your business idea that you may or may not have yet considered.
The ability to pitch your business is a core skill for any aspiring entrepreneur. At its heart, a business plan represents an in-depth pitch. Knowing your business plan inside out will foster confidence among any investors you meet. Having it undergo a review amounts to a ‘stress test’ for your business plan.
No matter how passionate you are, it will take real money to sustain your business. Can you show how your business will generate cash over the next six to 12 months? A business plan reviewer has been there and done that. They’ll be able to identify gaps in your numbers, ways you can adjust, or any small details you may have missed.
No matter how strong your plan is, it’s likely to present several issues when you take a second look. An experienced reviewer can clearly identify which of these issues you should tackle first, enabling you to organize your plan into a presentable state as quickly as possible.
Entrepreneurship is said to be a lonely endeavour. You’re responsible for the success and failure of your enterprise, and it represents a lot of pressure on your shoulders. Getting your business plan reviewed lets you share and discuss your options and plans with an expert. They can provide the pluses and minuses of each of your choices, helping you to evaluate your decisions objectively. Once you’ve taken their recommendations on board, you can come to an informed decision.
Our Business Planning Services
Business plan consulting and review
Business plan review for loan applicants
Futurpreneur business plan review
Success planning for resilience and growth
Where to Get A Business Plan Review?!
No matter where you are in the business planning process!
SMOHFI Advisors consulting and review service can help you. Work with our expert business plan advisors and get the professional advice you need to make your business idea a reality.
Sustainable business model innovation: A review
Business model innovation is key leverage for financial and sustainability performance.
Many business model innovation attempts fail, this remains relatively unexplored.
We provide a comprehensive literature review of sustainable business model innovation
We compared and defined key underlying concepts.
We identified a research gap and proposed research questions.
A recent study has shown that a vast majority of businesses fail due to the lack of a proper business plan.
SMOHFI Advisors purpose is to help you arrive at the proper objectives for your business. Of course, having a complete overview of the business may be a difficult task, especially when you are still planning your business!
In essence, a perfect business plan is what would help you configure your business in a more positive manner. It would help you foresee the unforeseen circumstances and take corrective action even before you face the situation in actual.
It takes into account the strategy on how to run the business along with the possible risk factors associated and the marketing avenues available in the long run.