Hosting The Right Way

How to Create a Successful Internet Business.

I am in the process of creating an Internet Business. Of course, my goal is for it to be successful. As with any business in the development stage, the first thing I need to do is develop a business model. The reason I need to do this first is that it describes the way in which my company makes money. After developing the model, I will have a map of what I need to do to be profitable. Developing a business model is critical. Because I am in the process of developing my own model, I thought it might be beneficial to other internet entrepreneurs if we work through the process together.

One of the best generic business models I have ever run across is the B-I Triangle, developed by Robert Kiyosaki with Sharon Lechter, introduced in ?Rich Dad?s Guide to Investing? and explained very clearly in ?Rich Dad?s Before You Quit your Job?. I highly recommend that every entrepreneur read ?Before You Quit Your Job?, even if you have already quit. The reason the B-I Triangle is such a good business model is that the authors present the model in a very elegant, yet simple graphic that is easy to understand and remember. The model has five jobs that are required for success. These five jobs of a business are held together in a framework of a successful business.

The five jobs are product, legal, systems, communications, and cash flow. The framework holding the five jobs together are Mission, Leadership, and Team. Each one of these aspects of your business needs to be fully developed to create a truly successful business.

The remainder of this article briefly defines the aspects of the B-I Triangle in general terms to set the stage for the future articles. First listed are the five jobs of this business model. They are:

Product ?Whatever you are offering your customer.

Legal ? Includes multiple aspects of your business, beginning with the right entity structure for your business. You also need to remember other aspects of your business require legal support as well including copyrighting, partnerships, licensing, etc., just to name a few.

Systems ? Business structure required to support your company.

Communications ? Required to reach your customers. Also necessary for partners, investors, employees, vendors, and other people involved, even superficially, with your business venture.

Cash flow ? The meat of the matter. Without positive cash flow your business will collapse.

The framework that holds your entire business together consists of Mission, Leadership, and Team.

Mission ? The true purpose of your company

Team ? People who support the purpose of your company and the jobs necessary for success.

Leadership ? Multiple jobs including defining the company?s mission, creating the team, keeping the company strong, growing the company, etc.

This article is the first of in a series of nine articles designed to work through the eight aspects of business model as they relate to creating a successful internet business. I am writing these articles to help me develop my business model. Let?s work together and by the end of the series of articles, we both will have developed a model for many successful years of business.

Susan Walker is a successful entrepreneur who is just entering the internet business community. She is a long-time student of Robert Kiyosaki. Please visit her at http://www.essentialentrepreneuronline.com for a free e-book on internet marketing. Neither this article nor the author's website is affiliated with Robert Kiyoski or the Rich Dad Company.

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

How to Make Money from Your Website Using Advertising
You have managed to get your website to that magical point where you have established popularity, traffic, loyalty and a community of fans. Your site contains a wealth of information, resources and services that you provide free because that's just the kind of person you are.

QuoteWright.com Wins Better Business Bureau's Excellence in Web Site Marketing Message Award
East Hartford, CT-based travel insurance business recognized for its ethical and informative web site

Announcing New Website Launch for Forex, Futures, and Options Trading Education
This new website is designed specifically to teach forex, futures and options trading enthusiasts exactly what they need to know about investing in these high risk markets.

Advertising And Generate New WebSite Traffic
Here's a simple way to use "No Results, No Pay" radio advertising and build traffic for your website.Step #1 - Understanding "PI" - Per Inquiry Advertising.

TeeBeeDee Moves Baby Boomer Experience Network to OpSource On-Demand: Acquires On-Demand Services not Available from Managed Hosting
OpSource(TM), the SaaS delivery experts, today announced that TeeBeeDee (www.tbd.com), a community for people 40 years old and older, has chosen OpSource On-Demand(TM) to deliver its online experience network. Within months of launching TeeBeeDee via a managed hosting provider, the company realized it needed more services to reliably serve its users. TeeBeeDee found those services in OpSource On-Demand.

Best Military Website Trends Detailed in New Report from the Web Marketing Association
Updated Web Marketing Association' Internet Standards Assessment Report includes historical data derived from a decade of hosting internet award competition, webawards, and provides best practices for military web design.

Buying A Website That?s Easy To Manage
Buying a website is about more than considering the graphic design skills, and technical skills of the web design company. In today?s fast paced online economy, website owners need an easy to manage website where there are NO HTML SKILLS needed for making changes.

FASTAFF Launches New Travel Nursing Web Site
New travel nursing site makes searches easier for nurses and facilities.

Weberz Hosting Completes Acquisition of Relio Hosting
Weberz Hosting, a Portland based web hosting company, has acquired the assets of one of it's privately held competitors, Relio Hosting.

Habitat360 Launches Website for New Online Real-Estate Venture, HABITAT360.net
Habitat360 is excited to announce the launch of its brand new website. Habitat360.net is a self proclaimed "world's bazaar of international real estate and property rentals, connecting buyers, sellers, and renters around the globe."

ATI Transportation Services, LLC of Parsippany, N.J. Announces a New Website at ATITransportation.com to the Delight of Its Prestigious Clientele!
ATI Transportation Services, LLC has made the Limousine booking experience a simple thing.

3 Simple Steps To Get Free Original Content for Your Website
As a web business owner you will be well aware that content for your website is good. The more content the better, but of course it must be relevant and of high quality.

IT360 Conference & Expo Now Hosting the CTCA Spring Conference 2008
Canada's leading information technology event, IT360 Conference & Expo, and the Canadian Telecommunications Consultants Association (CTCA) are pleased to announce that the CTCA Spring Conference 2008 will be hosted by IT360 (www.it360.ca) in Toronto, April 7-9, 2008 at the Metro Toronto Convention Centre.

Make More Money Than Lawyers By Using Articles to Get Traffic To Your Website
Make More Money Than Lawyers By Using Article Submission To Get Traffic