How does one build a scalable business plan

How to Make a Business Plan for an Existing Business by Evangeline Marzec - Updated September 26, Whether a company was started with more enthusiasm than planning, was planned from an operational standpoint without the need to present a plan to investors, or just changed significantly in the course of its creation, there is often a need to create a business plan once a business is already operational. This plan should include both current and historical data, as well as projections for the future.

How does one build a scalable business plan

Getty I was giving a speech in Calgary recently and got completely stumped by a question from the audience. I was explaining how every industry has an example of a business that has found a way to scale beyond the owner by focusing on something that is teachable to employees, valuable to customers and repeatable so as to create a recurring stream of revenue.

Examples of a Scalable Business Model | nationwidesecretarial.com

Clearly, the tangible assets in real estate are sellable, but could you actually build a sellable sales agency when the only assets are the salespeople? After a few awkward moments, I confessed that I could not think of an example.

On the flight home, I kept thinking about her question and wondered if any real estate agents had ever built a sellable book of business. Then I remembered Brad J. Lamb Realty and wondered if its eponymous owner had built a sellable business.

Lamb is a real estate agent best known for selling condos in downtown Toronto. Teachable Lamb has done a good job of scaling his agency beyond himself. First of all, his business is highly specialized.

That allows him to teach new salespeople about one thing: Contrast that with the typical real estate agent who has to learn how to sell all kinds of property: Valuable The second element of building a scalable company is finding something of value that is not commoditized.

how does one build a scalable business plan

One could argue real estate agents are a dime a dozen, but here again, Lamb has done a good job of differentiating his company by narrowing its focus. His agents have unique knowledge about buildings, rental potential, condo boards, market rates for annual fees and the amenities of nearly every building in Toronto.

Repeatable The third and final element of building a scalable company is creating recurring revenue. By its very nature, the real estate sales business does not lend itself to recurring revenue. However, by specializing in condos, Lamb has created the next best thing: Those repeat customers provide the basis for some recurring revenue.

Real estate sales is a very difficult business to scale up. Good agents make a decent living but are only as good as their last deal, and most retire with nothing much to sell.

Brad Lamb has done a good job building his business beyond just him, and I dare say he could fetch a tidy sum if he ever wanted to sell it. John Warrillow is the author of Built to Sell: He has started and exited four companies. May 20, More from Inc.To get from launch to limitless trajectory, entrepreneurs need to make the right moves to ensure that the business can scale at a sustainable pace, says Jim Canfield, CEO of Renaissance Executive.

One of the most impressive examples of a scalable digital business is Facebook, which needed only a couple thousand engineers to create value for hundreds of millions of its social network users. A scalable business model is also a simple concept. A scalable model is one where: Increased revenues cost less to deliver than current revenues.

Jun 24,  · A truly scalable business is one that keeps low marginal costs while increasing revenue and works efficiently with less involvement from the business owner.

Here are some examples: Software — a classic 5/5(12). A business model isn’t something you build from the ground up. When management-types ask about a business model — as in, “So what’s your business model?” — they really want an answer to a much more direct and basic question: “How do you plan to make money?”.

If you want to grow your small business, your concept must be scalable. In other words, you have to be able to produce your product or service over and over again without dependence on any one person.

Examples of a Scalable Business Model | nationwidesecretarial.com