Whether you’re wanting to rebuild your business model to scale or firm or get it ready to sell in the future, you won’t want to miss our recent article where we discuss rebuilding a business model in great detail. Some of the information we cover includes:
Why You Should Change Your Business Model
If your firm is running smoothly, why would you change your business model in the first place? We cover a lot of reasons in the full article, but some of the most important reasons are:
- Increase your productivity
- Improve efficiency
When you’re optimizing both productivity and efficiency, you’re able to scale your firm and have an easier time selling it because it’s a “well-oiled machine.”
Begin Standardizing Your Offers
Are you offering dozens of services that your clients can pick and choose from? If you are, it’s time to stop doing that. Why? It often takes more time to switch between services, train new employees on them, and streamline your processes.
What should you do?
- Bundle
- Niche down
- Specialize
If you specialize in certain services, others will be willing to pay more for them.
Revamp Pricing
When was the last time that you went through your pricing and made changes? If you can’t remember, then it’s absolutely been too long. One of the ways to rebuild your business model is to also look at your pricing and collections.
You should:
- Adjust your pricing
- Optimize the collections process
If you’re not pricing your services based on what they’re worth, you’re losing money.
In this short summary, we couldn’t go into great detail about rebuilding a business model. However, if this is something that you are interested in learning more about, we encourage you to read the full article here.
To learn more about how Client Hub can help you with streamlining workflow, processes and more or to schedule a demo, contact us here.