Business Plan - Case Studies

Business Model Evaluation:

A common trend that these plans have is effective budgetary precautions in place, these three are fortunately profitable situations but they still have budgets in place and ways around spending more than they need to, this is something I would like to take into my own business model. Finding ways for my media creation business to gain different grants or synergise in ways to maximise profits. Any profits will be reinvested and put into supporting the students the company brings on board.

They also have a specific objective with their businesses, they don't focus on multiple things, they try to get the wheel spinning on one area and then once that works they add to it. They will try new things if their current idea isn't working properly but they'll often stick to one priority which means they can focus all of their time on that making sure that is developed.

There isn't a need for a lot of staff members within these businesses as they focus on using minimal amounts of people but making sure those people are as skilled as possible, whenever there's a shortage of skills they may temporarily get a staff member that can fill that slot only when necessary.

These specific examples are quite effective models as they have an essence of cyclicality which means that the business is created a way that it cycles it's ideas in a way that it can constantly develop. They focus on an idea, see if it works, make a profit and then focus on another idea and the cycle continues, these three businesses still stay within their original idea whilst also making sure to try something new and different. These businesses aim to constantly evolve and try new ideas. I would like to realistically create a business that does this in effort to keep doing something new whilst still staying true to how it began.