In this Episode About How to Build a Better Business Model
- Impact of a Business Model: The podcast emphasizes the importance of a good business model, comparing it to a low-gravity environment that makes it easier for a company to grow and succeed, while a bad model is like heavy gravity that hinders progress.
- Three Ways to Compete: Jim outlines three primary competitive strategies: low-cost leadership, innovation, and customer intimacy, stressing that businesses must excel in one to effectively compete in the market.
- Compelling Offers and Market Positioning: The discussion also covers the need for businesses to create irresistible offers and the different strategies for maintaining or advancing market positions, including defense, attack, flanking, and niche protection.
Here is a Glimpse of How to Build a Better Business Model
In this episode of The Lazy CEO Podcast, host Jim Schleckser dives into the concept of business models and how they impact the success of a company. He compares a good business model to a low-gravity environment, making it easier for a business to thrive, while a bad business model is like heavy gravity, where progress is slow and challenging.
Jim emphasizes the importance of choosing the right business model, as it determines how a company competes, innovates, and serves its customers. He outlines three primary ways businesses can compete: through low-cost leadership, innovation, or customer intimacy.
Jim also discusses the significance of having a compelling offer that makes it nearly impossible for potential clients to say no, highlighting examples of companies that have successfully implemented such offers. Finally, he touches on market positioning strategies, explaining how businesses can defend their position, attack competitors, or find a niche market to dominate.
Resources mentioned in this episode:
- Jim Schleckser on LinkedIn
- The CEO Project
- Great Ceos Are Lazy: How Exceptional Ceos Do More in Less Time by Jim Schleckser
Sponsor for this episode…
This episode is brought to you by The CEO Project. The CEO Project is a business advisory group that brings high-caliber, accomplished CEOs together. Our team of skilled advisors comprises current and former CEOs who have run both public and private sector companies across multiple industries. With our experience and expertise, we guide hundreds of high-performing CEOs through a disciplined approach that resolves constraints and improves critical decisions. The CEO Project has helped high-performing, large enterprise CEOs with annual revenues ranging from $20M to over $2 billion to drive growth and achieve optimal outcomes. If you are an experienced CEO looking to grow your company, visit www.theCEOProject.com.