{"id":1584,"date":"2013-03-11T07:00:23","date_gmt":"2013-03-11T14:00:23","guid":{"rendered":"http:\/\/www.propelbusinessworks.com\/whats-happening\/?p=1584"},"modified":"2015-09-29T13:11:25","modified_gmt":"2015-09-29T20:11:25","slug":"mapping-your-business-model","status":"publish","type":"post","link":"https:\/\/propelbusinessworks.com\/prosper\/business-growth-strategy\/mapping-your-business-model\/","title":{"rendered":"Mapping Your Business Model"},"content":{"rendered":"<h1><b>5 keys to creating a dynamic and successful business model<\/b><\/h1>\n<p><a href=\"https:\/\/propelbusinessworks.com\/wp-content\/uploads\/zMOIR6ogD9G931VUXNBXqSm2jVvfaUf89md9kJeUvww.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-3100 alignright lazyload\" data-src=\"https:\/\/propelbusinessworks.com\/wp-content\/uploads\/zMOIR6ogD9G931VUXNBXqSm2jVvfaUf89md9kJeUvww-300x240.jpg\" alt=\"zMOIR6ogD9G931VUXNBXqSm2jVvfaUf89md9kJeUvww\" width=\"300\" height=\"240\" data-srcset=\"https:\/\/propelbusinessworks.com\/wp-content\/uploads\/zMOIR6ogD9G931VUXNBXqSm2jVvfaUf89md9kJeUvww-300x240.jpg 300w, https:\/\/propelbusinessworks.com\/wp-content\/uploads\/zMOIR6ogD9G931VUXNBXqSm2jVvfaUf89md9kJeUvww-900x720.jpg 900w, https:\/\/propelbusinessworks.com\/wp-content\/uploads\/zMOIR6ogD9G931VUXNBXqSm2jVvfaUf89md9kJeUvww.jpg 960w\" data-sizes=\"(max-width: 300px) 100vw, 300px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 300px; --smush-placeholder-aspect-ratio: 300\/240;\" \/><noscript><img loading=\"lazy\" decoding=\"async\" class=\" size-medium wp-image-3100 alignright\" src=\"https:\/\/propelbusinessworks.com\/wp-content\/uploads\/zMOIR6ogD9G931VUXNBXqSm2jVvfaUf89md9kJeUvww-300x240.jpg\" alt=\"zMOIR6ogD9G931VUXNBXqSm2jVvfaUf89md9kJeUvww\" width=\"300\" height=\"240\" srcset=\"https:\/\/propelbusinessworks.com\/wp-content\/uploads\/zMOIR6ogD9G931VUXNBXqSm2jVvfaUf89md9kJeUvww-300x240.jpg 300w, https:\/\/propelbusinessworks.com\/wp-content\/uploads\/zMOIR6ogD9G931VUXNBXqSm2jVvfaUf89md9kJeUvww-900x720.jpg 900w, https:\/\/propelbusinessworks.com\/wp-content\/uploads\/zMOIR6ogD9G931VUXNBXqSm2jVvfaUf89md9kJeUvww.jpg 960w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/noscript><\/a>Building a business requires a unique mix of being a Master Strategist and a Creative Genius.<\/p>\n<p>Most of us probably find ourselves identifying more strongly with one or the other instead of both: we\u2019re either really good at creating outlines and seeing the big picture, or we\u2019re talented out-of-the-box thinkers who come up with captivating products and marketing concepts.<\/p>\n<p>But it takes both sides of the coin to be successful. This is why we choose business partners who have strengths different than ours, and why we attend seminars and read books to grow our capacity as a business owner. No matter your personal tendencies, here are five keys to creating a dynamic business model.<\/p>\n<blockquote><p><strong><span style=\"color: #99cc00;\">1: Start with the why<\/span><\/strong><\/p>\n<p>Motivation is huge. Why do you do what you do? What values drive your business? Take an honest look at your company culture and see what the driving forces are \u2013 you might be surprised to see a disconnect between what you <i>think<\/i> your values are, and the values that are actually being <i>acted<\/i> upon. This might leave room for adjustment.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"color: #99cc00;\">2: Do your homework<\/span><\/strong><\/p>\n<p>Nobody likes take-home assignments, but they\u2019re critical to your success. Once you clearly understand your business <i>why<\/i>, it\u2019s time to take a close look at the playing field. Know who your competition is and what their products and services are.\u00a0 Understand what sets you apart so you know how to position yourself in the marketplace.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"color: #99cc00;\">3: Develop a plan<\/span><\/strong><\/p>\n<p>After measuring your research against your business\u2019 <i>why,<\/i> begin planning what the business model will look like. The model should address, among other things:<\/p>\n<ul>\n<li>how you will be profitable<\/li>\n<li>what your objectives are<\/li>\n<li>how you will implement the plan<\/li>\n<li>how you will track your progress<\/li>\n<\/ul>\n<p><strong><span style=\"color: #99cc00;\">4: Stick with the plan<\/span><\/strong><\/p>\n<p>Having a business model is great, but beware of letting it become one more piece of paper you never look at. Integrate the plan into everyday life and operations. Keep it in front of you and your employees. Talk about it and hold yourself and your team accountable to it.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"color: #99cc00;\">5: Rinse and repeat<\/span><\/strong><\/p>\n<p>Developing your business model is an ongoing process. Some things will stay the same \u2013 like your values \u2013 but the way you execute your business should evolve as your business and your market evolves. Periodically (even annually) taking the time to examine your business model and evaluate what might need to change or adjust will keep your goals in clear focus. We do this annually (<span style=\"color: #00ccff;\"><a href=\"http:\/\/www.propelbusinessworks.com\/whats-happening\/business-planning\/\"><span style=\"color: #00ccff;\">read about our process here<\/span><\/a><\/span>).<\/p>\n<p>&nbsp;<\/p><\/blockquote>\n<p>There is no location of \u201carriving\u201d when it comes to business success. There is always more to learn, always a better way to refine what you do, and there\u2019s always a higher level to you can take your business to. Creating a roadmap for your business is a sure-fire way to set yourself up for growth as you pursue taking your business to the next level.<\/p>\n<p>If creating a solid business model is a piece of the puzzle you\u2019ve been missing, we have a few resources we\u2019d like to share so you can continue doing what you do better:<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span class=\"Apple-style-span\" style=\"font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; color: #00ccff;\"><strong>\u2022\u00a0<\/strong><\/span><span class=\"Apple-style-span\" style=\"font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; color: #00ccff;\">Propel Workshop: 3\/28\/13 &#8211; <\/span><span class=\"Apple-style-span\" style=\"font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; color: #00ccff;\"><a href=\"http:\/\/www.propelbusinessworks.com\/whats-happening\/32813-developing-your-secret-sauce\/\"><span style=\"color: #00ccff;\">Developing Your Secret Sauce: A Strategic Roadmap For Your Business<\/span><\/a><\/span><\/strong><\/p>\n<p>Together with James Helms of<span style=\"color: #00ccff;\"> <a href=\"http:\/\/www.formitus.com\/\"><span style=\"color: #00ccff;\">Formitus<\/span><\/a><\/span>, Jamie Teasdale will be facilitating an interactive workshop to help business owners identify their unique secret sauce, and develop a plan to make it a success. <span style=\"color: #00ccff;\"><a href=\"http:\/\/www.propelbusinessworks.com\/whats-happening\/32813-developing-your-secret-sauce\/\"><span style=\"color: #00ccff;\">Learn more about the class and register here<\/span><\/a><\/span>.<\/p>\n<p><span style=\"color: #00ccff;\"><strong><span class=\"Apple-style-span\" style=\"font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif;\">\u2022\u00a0<a href=\"http:\/\/www.propelbusinessworks.com\/whats-happening\/business-design-stages-roadmap\/\"><span style=\"color: #00ccff;\">10-Stage Journey: Defining Your Business Model &amp; Strategic Plan<\/span><\/a><\/span><\/strong><\/span><\/p>\n<p>This is a free document you can download. It takes you through 10 steps of how to develop a business model. <span style=\"color: #00ccff;\"><a href=\"http:\/\/www.propelbusinessworks.com\/whats-happening\/business-design-stages-roadmap\/\"><span style=\"color: #00ccff;\">Sign up to download it here<\/span><\/a><\/span>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>5 keys to creating a dynamic and successful business model Building a business requires a unique mix of being a Master Strategist and a Creative Genius. Most of us probably find ourselves identifying more strongly with one or the other instead of both: we\u2019re either really good at creating outlines and seeing the big picture,&hellip;<\/p>\n","protected":false},"author":3,"featured_media":3100,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[11,674],"tags":[62,63,143,162,293],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mapping Your Business Model - Propel Businessworks<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propelbusinessworks.com\/prosper\/business-growth-strategy\/mapping-your-business-model\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mapping Your Business Model - Propel Businessworks\" \/>\n<meta property=\"og:description\" content=\"5 keys to creating a dynamic and successful business model Building a business requires a unique mix of being a Master Strategist and a Creative Genius. Most of us probably find ourselves identifying more strongly with one or the other instead of both: we\u2019re either really good at creating outlines and seeing the big picture,&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propelbusinessworks.com\/prosper\/business-growth-strategy\/mapping-your-business-model\/\" \/>\n<meta property=\"og:site_name\" content=\"Propel Businessworks\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PropelBusinessworks\" \/>\n<meta property=\"article:published_time\" content=\"2013-03-11T14:00:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-09-29T20:11:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/propelbusinessworks.com\/wp-content\/uploads\/zMOIR6ogD9G931VUXNBXqSm2jVvfaUf89md9kJeUvww.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jamie Teasdale\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@PropelBizworks\" \/>\n<meta name=\"twitter:site\" content=\"@PropelBizworks\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jamie Teasdale\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/propelbusinessworks.com\/prosper\/business-growth-strategy\/mapping-your-business-model\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/propelbusinessworks.com\/prosper\/business-growth-strategy\/mapping-your-business-model\/\"},\"author\":{\"name\":\"Jamie Teasdale\",\"@id\":\"https:\/\/propelbusinessworks.com\/#\/schema\/person\/f043aab1b60d35da3826d91972a19ca1\"},\"headline\":\"Mapping Your Business Model\",\"datePublished\":\"2013-03-11T14:00:23+00:00\",\"dateModified\":\"2015-09-29T20:11:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/propelbusinessworks.com\/prosper\/business-growth-strategy\/mapping-your-business-model\/\"},\"wordCount\":623,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/propelbusinessworks.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/propelbusinessworks.com\/prosper\/business-growth-strategy\/mapping-your-business-model\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/propelbusinessworks.com\/wp-content\/uploads\/zMOIR6ogD9G931VUXNBXqSm2jVvfaUf89md9kJeUvww.jpg\",\"keywords\":[\"BUSINESS MODEL\",\"business model tips\",\"how to create a business model\",\"importance of business model\",\"why have a business model\"],\"articleSection\":[\"Business Growth Strategy\",\"Prosper\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/propelbusinessworks.com\/prosper\/business-growth-strategy\/mapping-your-business-model\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/propelbusinessworks.com\/prosper\/business-growth-strategy\/mapping-your-business-model\/\",\"url\":\"https:\/\/propelbusinessworks.com\/prosper\/business-growth-strategy\/mapping-your-business-model\/\",\"name\":\"Mapping Your Business Model - 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