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Many people go into the business to make a difference in their lives. Yet many end up working very hard for the it. Not the other way around. 40, 50, 60 or even more hours per week!
We at uknowbiz believe that business should provide free time and unlimited resources to its entrepreneurs. That would be the ultimate return on your invested effort and resources to build a successful business.
One of our key objectives is just this. Develop methodologies to build self running businesses. We call it GREAT Venture!
Over time we will be adding valuable insights ‘how to’ build a self running business. We invite you to signup for uknowbiz Community to continue receiving this information. uknowbiz Community signup >
► GREAT Venture Entrepreneur Objectives
would be:
> provide free time and unlimited resources
> secure consistent inflow of new sales and profits
> have high profit margins business
> secure longer term contracts with customers or
> secure repeat business
> build strong cash flow
> full business performance visibility (any time, any place)
> strong controls over:
> quality of customer service
> product quality
> operational excellence
> financials
To deliver on these objectives
► GREAT Venture Business Model
needs to:
> deliver superior Genuine Client Care
> deliver World Class Quality
> build long term client relationships
> standardize and automate product/service delivery
> have high operational effectiveness
> have GREAT organizational structure
(clear work definitions, assignments, ownership, delegation and reporting)
> be flexible in adapting to market changes
► GREAT Venture Key Building Blocks
would be:
Value
Value your business delivers to its clients must be overwhelming! Buying decision has to be ‘no brainier’ decision. With the purchase of your products or services your clients would enjoy tremendous benefits.
People
Your Employees are the most important asset of your business. Assign clear tasks, responsibilities and empower employees. Delegate the work, ensure timely and accurate reporting. Take care of your Employees Wellbeing!
Processes
Who is doing what, for whom, how, when at what cost. Clear and concise definition of your main business activities is at the hearth of self running business model. Your business ‘cook book’ is your Blue Print to self running operations. To your freedom!
Systems
Systems play very key role in building self running business. They enable business to deliver products and services in very efficient and effective way. Automated, standardized and consistent.
Information Technology gives you freedom to be anywhere on this planet yet stay in touch with your business as you are at your office. |