Finding the right business model and leveraging networks

Assignment Task 

Question

1. How did you determine the business model you were going to use for your start up and have you had to adapt it over the years?

2. Were you able to generate cash from customers/clients right away?

3. Which is more important to your business, cashflow, revenue or profit, and why?

4. What tools do you use to monitor your financial position?

5. Have you managed to reduce costs when needed and/or increase profits?

6. What are your thoughts around the owner of a start up paying themselves versus reinvesting back into their businesses?

NOTE – The views expressed in the video are those o f a subject expert and do not necessarily reflect the views of the World Academy of Sport. The video is intended for teaching purposes only.

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