Your Step Five Tool Kit

Step Five: Business Model

It’s time to research costs!

  • What will people pay for this? SUPER IMPORTANT. Do some research to find out what this is. 
  • What will your sell price be?
  • What cost price can you get (including EVERYTHING that goes into the business – that includes marketing, photography, distribution, wifi, etc) 
  • After that, what’s the margin?
  • Now work out how many you can order or produce. 
  • How can you build value into the product? 
  • This part is exciting because it allows you to understand whether your business model will actually fly, and whether it will be profitable. 

If the numbers tell a story that is less than desirable, go back to the drawing board. 

  • Can you tweak the product or service?
  • Can you squeeze down the cost price?
  • Can you alter the business model?
  • Can you pivot your offering into a new direction?
  • Can you focus on a new product?
  • Is there one product that works better than another – it deserves your attention.  

Remember, we are here for you if you need help. Jump on over to Biz Nation to asks us a question! 


Need More?

A four-week program delivered on video, for you to take your brilliant idea to market, and create an unbreakable, long-lasting business model that matters! 

A streaming service of on-the-go business coaching masterclasses and episodes to help you grow your business without distraction. Your mentor in your pocket. 

Biz Bootcamp will teach you about planning for growth, branding, how to make a profit, and marketing plans. This Bootcamp will take the guesswork out of running a business and give you all the tools to succeed.