How to make a repeatable business model example

How to make a Repeatable Business Model example

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Introduction:

This Article addresses one of the major burning problems of the entrepreneurs “How to make a repeatable business model example ?”(kaise banaye repeatable Business Model).

If you do not make your business repeatable, then your business will not be scalable and successful.

The great repeatable business model:

Important Note : 3 Critical Elements of a Repeatable Business

  1. People:  They work on the process and technology
  2. Process:  A teamwork together on a series of things to achieve a common target
  3. Technology:  Technology works as an enabler of the people and processes

For Example:

With the market capitalization of Rs 114,000 crore, retail giant DMart, restricted their stores to only 119 across the country, because they focused on making their business repeatable by building a good team, robust process and technology. This is the reason that when they launched their IPOs in the Stock Market a few months back, their market capitalisation rose significantly.

Important Note: Essential Tool to make Your business Repeatable:

Business Dashboard

Building a ‘business dashboard’ will unlock your time and make your business successful without having to be physically present in the office.

You just need to keep track of the following factors on your business dashboard:

  1. Sales – To get growth
  2. Marketing – To generate leads
  3. Human Resource –  To Hire the right people

Now, let us shed some light on how to track these factors in your business:

1. Sales:

Track the following sales figures in your business dashboard:

  • Sales of the current month
  • Sales in the last two quarters
  • Last year sales for the same month
  • Number of Manpower (current and last year)

2. Marketing:

Track the following marketing figures in your business dashboard:

  • Leads of the current month
  • Leads of the last two quarters
  • Leas of last year for the same month
  • Marketing team size (last year and current year)
  • Revenue (increase/decrease)

3. Human Resources:

Track the following data points in the business dashboard:

  1. Total number of people
  2. Number of senior managers

Important Note: Framework

Based on the above given figures, you have to build a repeatable business with the help of a framework as given below.

Denote all the aforementioned data in three colour categories based on their precedence:

  • Red – Very Critical
  • Blue  – Partially Controlled
  • Green – Fully Controlled

Red: Write down all the factors that are critical for your business, and take these factors from red category to blue and then green, using the following ways:

  • Arrange a phone call meeting with your seniors managers for 1-2 hours on daily basis to resolve the critical factors

Or

  • Arrange a physical meeting with your senior managers for 1-2 hours per day

Blue: The factors that are partially in your control come under this category. To turn them into fully controlled category (Green), invest 1-2 hours every week with your managers.

Green: It indicates the factors that are fully under your control.Here, as your managers work perfectly, your input is minimal.  To manage these factors, just invest 1-3 hours per month discussing key points with your managers.

Massive Action Plan:

  • Implement a business dashboard in your company
  • Implement Red, Blue and Green color category framework

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