Reinvent your career using a personal business model

Reinvent your career using a personal business model what’s that?  How can you achieve organizational fit using a personal business model?  First up what is a business model?

A business model (BM) is what organizations use to answer the fundamental question – How do we make money in this business and explain the logic of how we deliver value to our customers at an appropriate cost. A BM can be based on 9 building blocks

(See the business model canvas by Strategyzer)

Understanding the BM of an organisation and how the elements fit together will show you where you fit in with your personal business model.

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Eldar Shafir and the concept of Scarcity

Radio 4’s Analysis conducted a fascinating interview with Eldar Shafir, professor of psychology and public affairs at Princeton University, last week. Co-author of the book “Scarcity: Why Having Too Little Means So Much, Shafir was being interviewed in front of a live audience at Oxford University, and discussed how scarcity of time and/or money impedes peoples ability to make good decisions.

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Ways to prevent poor cash flow

As a follow on to my previous article on cash flow management let’s look at ways to prevent poor cash flow.

Healthy cash flow isn’t achieved simply by making sure your outgoings don’t exceed income. If you’re to survive, sufficient cash must enter your business so you can pay your bills when your suppliers ask for their money.

Steps to prevent poor cash flow

Here are some suggestions for things you can do to prevent these scenarios (mentioned in my previous article) from occurring in the first place.

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