Pros and Cons of Pros and Cons of Business Models Business Models

By Val A. Slastnikov,By Val A. Slastnikov,

Business Models ExpertBusiness Models Expert© 2010 Digitizer Group. All rights reserved© 2010 Digitizer Group. All rights reserved

PART NINEPART NINE(Pros and Cons (Pros and Cons

Of Business Of Business Ownership)Ownership)

What is Business What is Business Ownership?Ownership?

Business OwnershipBusiness Ownership is any type of is any type of Business that you own, but not Business that you own, but not manage yourself.manage yourself.

Is Business Ownership Is Business Ownership for you?for you?

Who belongs in this Who belongs in this category?category?

Any type of a Business Owner that is Any type of a Business Owner that is not directly involved in managing not directly involved in managing

his/her businesshis/her business

Do you have what it takes Do you have what it takes to be a Business Owner?to be a Business Owner?

““Business Ownership” Business Ownership” Pros Pros

BusinessOwner

Control:Yes

Customer Base:

Unlimited

Leverage:Unlimited

Multiple Income Streams:Unlimited

Scalability:Unlimited

Replicability:

Unlimited

GrowthPotential:Unlimited

Profitability:High

““Business Ownership”Business Ownership”ConsCons

BusinessOwner

Start-up Costs:

High

CarryingCosts:

High

““Business Ownership” Business Ownership” ModelModel

Pros: Pros: 88 Cons:Cons: 2 2

Level of Effectiveness = 80%Level of Effectiveness = 80%

BusinessOwner

Control:Yes

Customer Base:

Unlimited

Leverage:Unlimited

Multiple Income Streams:Unlimited

Scalability:Unlimited

Replicability:

Unlimited

GrowthPotential:Unlimited

Profitability:High

BusinessOwner

Start-up Costs:

High

CarryingCosts:

High

AnalysisAnalysis

Business Ownership Facts:Business Ownership Facts:

Bill Gates, Steve Jobs, Sam Walton Bill Gates, Steve Jobs, Sam Walton do not work in their businesses do not work in their businesses anymore – they only define the anymore – they only define the overall direction and Microsoft, overall direction and Microsoft, Apple and Wall-Mart operate and Apple and Wall-Mart operate and grow automatically, without them grow automatically, without them having to be there all the timehaving to be there all the time

AnalysisAnalysis

Advantages of Business Ownership:Advantages of Business Ownership:

The highest leverage is achieved by The highest leverage is achieved by multiplying multiple efforts of multiple multiplying multiple efforts of multiple resources – people, time and money – to resources – people, time and money – to maximize business objectives and maximize business objectives and create more valuecreate more value

Business Ownership provides the Business Ownership provides the ultimate freedom for the ownerultimate freedom for the owner

AnalysisAnalysis

Disadvantages of Business Ownership:Disadvantages of Business Ownership:

Start-up and operating costs are very highStart-up and operating costs are very high

Business Ownership requires outstanding Business Ownership requires outstanding vision and ‘uncommon sense’, in order to vision and ‘uncommon sense’, in order to gain and sustain consistent growth and gain and sustain consistent growth and maintain competitive advantagemaintain competitive advantage

TakeawaysTakeaways

More Efforts of Multiple Resources =>More Efforts of Multiple Resources =>

=> More Value => More Money => More Time => => More Value => More Money => More Time =>

=> MORE FREEDOM FOR THE => MORE FREEDOM FOR THE BUSINESS OWNERBUSINESS OWNER

ConclusionConclusion We can’t change what happens to us, we can only We can’t change what happens to us, we can only

change how we react to it. change how we react to it.

Our reaction to those events that occur in our life Our reaction to those events that occur in our life is directly impacted by this philosophy and this is is directly impacted by this philosophy and this is why it is so crucial to never stop looking at why it is so crucial to never stop looking at successful models of past and present.successful models of past and present.

What is YOUR Success What is YOUR Success Model?Model?

THANK YOU FOR YOUR THANK YOU FOR YOUR TIME!TIME!

© 2010 Digitizer Group. All rights reserved© 2010 Digitizer Group. All rights reserved