THE FIVE IMPORTANT CORDS THAT HOLDS A BUSINESS MODEL

Hint: A world with so many routes in rendering a service but has to be connected.

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Most times we don’t ever be the same after going through a hurdle that kept us unaware and when we go over, it seems funny because if we had the tool or techniques, there will be no ignorance on display. Marvelous Etumudon a Brand Strategist says “don’t be on the cord that holds an edge with no knowledge of its loosed end, you are not taking risk or building an inner self”.

Business models suffer a lot of deficiencies as a result of a shattered world. These deficiencies are often not taking note of until the models becomes scavenged, by the time it has eaten deep there will not be a remedy to curb it. The business world is filled with a lot of stop-bys.

On the stop-bys you have got a spotlight that will sway the attention to make you stay longer on those stop-bys. When so much time is spent there, it becomes an inhabited spot. There are lot of business models that had found solace in the habitation on these stops that was supposed to “inject” a full amount of energy for a better service to the niche or community created.

The growth of business models had got an interest on it though there are deficiencies that needs to be treated in other not to invite “a decline” on the models. There are important cords that holds and keep it from shattering.

1. MISSION STATEMENT :  Research had shown that 75% of human beings wake up with a mission to be achieved before the end of the day. It applies to the business model with the mission statement written on “ the chambers of its heart ", aim higher because they are true to the why they started and it shows the originality of service. A lot of the business models don’t have a mission statement encrypted in their heart while serving its niche with the values.

2. OWNERSHIP: Putting the image of a business model into “ what makes it do more ” is a criterion but most models give off long sightedness. They tends to be focused on the outward results and get confused at the mere thought of it. Pat Summitt an American Basketball Coach says “ responsibility equals accountability equals ownership. A sense of ownership is the most powerful weapon a team or organization can have ". When a business models is placed in the den of ownership , it grows and succeed.

3. TRANSPARENCY: In the world of business models, a standpoint and a concern on the values offered is essential. Patrick Lencioni an American Writer says “ clients don’t expect perfection from the service providers they hire, but they do expect honesty and transparency. There is no better way to demonstrate this than by acknowledging when a mistake has been made and humbly apologizing for it ". Being open in the business world keep the eye of others on you as their source because they want a transparent foundation to build on.

4. PATIENCE: Warren Buffet the Chairman of Berkshire Hathaway says “ no matter how great a talent or effort, some things take time. You can produce a one month baby by getting a nine women pregnant ”. This cord in the business world is often ignored and made irrelevant while climbing on the qualities of a business model. The cord of patience in the business world is a vital tool that holds it to look into the trend and not on the trend.

5. SATISFACTION: A feedback of the seed planted in a business model, help to monitor the viability of the seed. Sir Tom Stoppard a Czech-born British playwright and screenwriter says " i never had any frustration about writing uncredited. I always felt that the satisfaction of doing it was in the doing of it, really, and getting recognised by the small number of people that know what you did ". It keeps a good communication between the community and the values served.

 Patience is the timing of a feedback on the growth of values served and the benefits in the niche or community.