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Jim Muehlhausen Articles
| Guest post by: Jim Muehlhausen |
Competitive Advantage vs. Your Business Model - Click To Read Article
Competitive advantage is not the same as a business model. Harvard Professor Michael Porter proposed the theory of competitive advantage in 1990. His competitive advantage theory suggests that businesses should pursue policies that create high-quality goods to sell at the highest possible prices. Competitive advantage happens when companies acquire or develop an attribute or combination of attributes that allow it to outperform its competitors. These attributes might include access to natural resources, such as high grade ore or inexpensive power, or access to highly trained and skilled personnel human resources. Other advantages could include better use of technology, etc.
Assessing a Business Model - Click To Read Article
Traditionally, business models have been assessed in a subjective manner by entrepreneurs, venture capitalists, bankers, and academics. No one really understood or studied what made a great business model great. Like good art, they simply knew it when they saw it. Many times, these wise business people were correct in their assessment of a business model. However, we figured there had to a more scientific method to decide whether a business model was strong or weak.
Excessive Cost Cutting and Your Business Model - Click To Read Article
When I travel for speaking engagements, my accommodations are often booked for me. I checked in early to my Holiday Inn Express room in Houston yesterday. As I looked around my room, signs of bean-counter hell abounded. As I scratched my itchy skin, I noticed that only shampoo and conditioner were in the bathroom. When I went to iron my clothes, I noticed something odd about the ironing board. It only was as high as my mid thigh. I am 5 foot 11, so this miniature ironing board was easier to use on my knees rather than bending over.
Business Model vs Business Plan - Click To Read Article
A business model is not a business plan and a business plan is not a business model. Your business plan documents how you will execute your business model. Your business model is your proprietary methodology used to acquire service and retain your customers.
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About the Author: Jim Muehlhausen RSS for Jim's articles - Visit Jim's website Jim graduated from Valparaiso University with a B.S. in Accounting, passing the CPA exam while still in college. While subsequently attending the Indiana University School of Law, he became the youngest franchisee in Meineke Discount Muffler history (1987-1991). After successfully selling that business, Jim founded an automotive aftermarket manufacturing concern. During his 9-year tenure, the company achieved recognition from Michael Porter of the Harvard Business School and Inc. Magazine in the IC 100 Fastest Growing Businesses. Mr. Muehlhausen licenses his materials worldwide and is a nationally known business speaker. Over the past eight years, Jim has personally coached hundreds of business owners in more than 3,500 face-to-face coaching sessions and has clients in North America, Europe, Asia, Africa, and the Middle East. The recognition and awards Mr. Muehlhausen's clients have won are too numerous to list, but include: Indiana Blue Chip Award, Ernest & Young Entrepreneur of the Year Finalists, and NAWBO Businesswoman of the Year. He currently serves on the Board of Directors of Now Courier, Inc as well as the Advisory Board of Indiana Business & Modernization Technology Corporation, and Urban Mission YMCA. For several years, Mr. Muehlhausen has served as an adjunct professor of business at the University of Indianapolis teaching Organizational Behavior, Management & Sales Management. Aside from his book "The 51 Fatal Business Errors and How to Avoid Them", Mr. Muehlhausen has been published in various publications including Inc., The Small Business Report, Entrepreneur, the Indianapolis Business Journal, Undercar Digest, Digitrends, http://ceofocus.com and NAICC Journal. Click here to visit Jim's website   Excessive Cost Cutting and Your Business Model Competitive Advantage vs Your Business Model Business Model vs Business Plan Assessing a Business Model |
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