“A business model is an overview of how a company plans to make money.”
For women world wide, what’s crucial component of their personal business model?
Last yr I interviewed 53 successful women for my research.Smart women: how do they earn cash?” published on March 8, 2022. On the occasion of International Women’s Day 2022, I would really like to share some examples of how women in numerous countries and cultures take into consideration business models and the way this has contributed to their business success.
Become a well known brand
“When I take into consideration my personal business model, I believe in regards to the importance of branding yourself and ensuring you’re clear about what you’ll be able to do and what you’re known for. I put all my effort and time into doing my best and give attention to understanding what I want to know and who I want to know to maneuver forward. I’m selective with my time and say “no” to a whole lot of things. — Jessica ChanInvestor Solutions Lead, JLL, Hong Kong, SAR
Have a tenet
“My personal business model relies on a mindset. I consider myself an income generating asset! I’m within the prime of my profession and my tenet for years has been to extend my income by 10 to fifteen% annually. Whether it is a performance review for an existing job or a brand new job, I try to barter this percentage increase in my salary.” — Joelle PangGeneral Manager, FastJobs Malaysia, Kuala Lumpur, Malaysia
Be the contact person
“My personal business model is based on my desire to be the best in class.” I strive to be a highly credible source of data and hold myself to high moral standards. In my role, I promote introductions between senior staff, reminiscent of chief investment officers and institutional fund managers. I’m the purpose of contact for clients, investors and anyone in our ecosystem who wants to check their investment process or meet potential partners, all of which requires a high level of non-public and business discretion. If any of those stakeholders are asked, “Who should I talk to?” They will say, ‘I’m talking to Marsha Larned.'” — Marsha LarnedManaging Director, Asia Pacific, Institutional Investor, Hong Kong, SAR
Use frameworks and platforms
“My personal business model is similar to a consulting business in that I sell my time. As a coach with a focus on business psychology, I advise entrepreneurs and founders on their journey. From the start, it was clear to me that in order to create value, I had to think in terms of platforms and work with partners that would generate growth. For example, I work with the Novo Nordisk Foundation as part of their accelerator program. They invest in several start-ups and I coach the founders of seven to ten start-ups. In the future, I would like to do more research and develop frameworks and platforms that others could use.” — Cecilia Willerstart-up coach, Today.ioCopenhagen, Denmark
Collaborate
“I am always looking for collaboration: my entire career has been based on identifying and nurturing collaboration opportunities and ensuring they are mutually beneficial. I invest in collaboration, not just the project itself. This takes hard work and for every project I work on I create a stakeholder map. I list all relevant stakeholders in my ecosystem, then identify potential win/win engagements and then try to build relationships accordingly. Collaborating allows you to deliver more efficiently by relying on the resources and expertise of others.” — Dona HajHead of EMEA Ventures and Tech Ecosystem, MathWorksLondon
lifestyle
“When I developed my personal philosophy on money, I initially had one goal in mind. I asked myself the question, “What kind of lifestyle do I want to have?” It made me think hard about what sorts of experiences I wanted, what number of trips per yr, what kind of house and automobile I wanted, and the way I desired to spend my time wish to spend. After putting a number next to the whole lot I wanted, I worked backwards to achieve my money goal and I spotted pretty quickly that it wasn’t such an astronomical number. I like cycling and climbing and neither are particularly expensive sports! A transparent understanding of my money goal gives me the arrogance to live the approach to life I would like.” — Aleksandra EfimovaCEO, FLX® Stretch Training and Russian Pointe, Palm Beach, Florida
Health
Luck
“It’s important to put a “happiness model” over your individual “business model” and determine easy methods to maximize happiness and profession goals. What motivates me is mental and emotional commitment versus the very best salary or profit. I believe that is a very good way of living.” — Judy BlumstockFounder and CEO, Diamond Therapeutics, Toronto
If you enjoyed this post, remember to subscribe.
Photo credit: ©Getty Images / Hinterhaus Productions
