Business Model Management The Art of Growing Your Business Kheng T. Cheah, Associate Specialist Department of Tropical Plant and Soil Sciences College of Tropical Agriculture and Human Resources University of HawaiвЂ�i at MДЃnoa HOW A BIZ INTENTS TO GENERATE REVENUE & PROFIT SPECIFIC STRATEGIES & HOW TO IMPLEMENT THEM University Partnership Linking OSY (Out-of-School Youth) to Agrientrepreneurship and Development to promote Job Opportunities and Business Scale-Up in Mindanao вЂњThis presentation is made possible by the generous support of the American people through the United States Agency for International Development (USAID). The contents are the responsibility of the University of Hawaii and Southern Christian College and do not necessarily reflect the views of USAID, the United States Government, or Higher Education for Development (HED).вЂќ REVENUE = PRICE X QUANTITY SOLD PRICE %PROFIT = (PROFIT/COST) X 100 PRICING QUANTITY SALES PROFIT = REVENUE - COST MARKETING OUR TARGET FOR THIS CLASSвЂ¦ = PROFIT TOTAL INVESTMENT = 10,000 P 40,000 P X 100 X 100 REVENUES PROFIT ROI BIZ MODEL NEED TO BE MANAGED AT ALL TIMES FOOD DETERGENT SHAMPOO TEETH IF BIZ IS GOOD MAKE IT BETTER PAPER COSMETICS DEODORANT IF BIZ IS SLOW REJUVENATE FOCUS ON YOUR WINNING PRODUCTS TO INCREASE PROFITS BUILD STRONG TRUSTING RELATIONSHIP WITH PARTNERS & EMPLOYEES PRACTICE CONTINUOUS BIZ MODEL IMPROVEMENT SOLD CLEANING MANY OTHERS.. SELL MORE TO YOUR REGULAR CUSTOMERS OFFER VOLUME DISCOUNTS EXPAND YOUR MARKETING EFFORTS CONTINUE TO IMPROVE YOUR PRODUCTS CARE FOR PARTNERS & EMPLOYEES FAIR PROFIT SHARING вЂ“ PARTNERS SHARES OR BONUSES TO KEY STAFF PROMOTE & REWARD EMPLOYEES HOW CAN YOU IMPROVE YOUR PROFITS? HOW CAN YOU IMPROVE YOUR BIZ MODEL? HOW DO YOU REJUVENATE YOUR BIZ? HOW CAN YOU MODIFY OR CREATE A NEW BIZ MODEL? FOCUS ON WHAT CUSTOMERS NEED PROVIDE BETTER PRODUCTS BIZ DOING WELL BIZ NOT WELL BIZ MODEL NEED TO BE MANAGED AT ALL TIMES Thank you! Any Questions? Kheng T. Cheah, Associate Specialist Department of Tropical Plant and Soil Sciences College of Tropical Agriculture and Human Resources University of HawaiвЂ�i at MДЃnoa Phone: 1-808-956-7902 Email: [email protected] University Partnership Linking OSY (Out-of-School Youth) to Agrientrepreneurship and Development to promote Job Opportunities and Business Scale-Up in Mindanao вЂњThis presentation is made possible by the generous support of the American people through the United States Agency for International Development (USAID). The contents are the responsibility of the University of Hawaii and Southern Christian College and do not necessarily reflect the views of USAID, the United States Government, or Higher Education for Development (HED).вЂќ IF BIZ IS GOOD MAKE IT BETTER IF BIZ IS SLOW REJUVENATE