All of these business models help to increase the value of your company if you want to sell it. Warrillow shows the audience with a few calculation examples that the same profit of €100,000 per year with another business model can provide two to three times as much sales value of the company, depending on whether there is recurring income, for example from subscriptions.
The value of your company: customer enthusiasm
When selling your company, not only is the business model important, but also the appreciation by customers is taken into account by buyers. A KPI that maps this well is the Net Promoter Score , or NPS. Warrillow indicates that more and more investors see this as a reliable measure of the future value of your company.
Focus on one strategic project for three hours every day
speakers-VERNE-HARNISHThe day is concluded by Verne Harnish , who delves deeper into the so-called Rockefeller Habits. He advocates dividing strategic planning into strategic thinking and operational planning. According to him, managers should spend at least three hours a day on their strategic projects and leave the operational execution much more to their people.
He praises Steve Jobs who always launched one big project at Apple and did not do everything at once. He also thinks it is important that entrepreneurs use the tips of their employees and customers and invest time in regular consultation to get such tips.
A key development Harnish sees in the 21st century is that it is no longer enough to simply use the knowledge within your company. He cites the example of Rob McEwen of goldcorpchallenge.com , who made his company’s confidential data on gold mines public in a competition. The result was that two teams from New Zealand and a group from Russia were able to identify highly lucrative gold mines in Canada, earning him billions.
Harnish advises all entrepreneurs to put their senegal phone data own ego aside and make much more use of the knowledge and ideas of your staff, customers and others. Open your business model to the crowd and crush the competitors, who still think that all the answers can be found in their own boardroom!
Good management remains an important factor for success
The Growth Summit 2013 shows that, in addition to online media, innovative business models and simply good management of a company are also important factors for success. This way you can earn more money, grow faster and simply create a world-class career for yourself and your employees. These are lessons that are immediately absorbed by the room full of small, fast-growing entrepreneurs.
I am already curious which innovative companies we will see in the Netherlands in the short term that will put these lessons into practice. Do you dare.
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