Solo PSF Business Models – Pt 2
April 8, 2009 by Mary Wynne-Wynter · Comments Off
In Pt 1: Evaluating solo professional service business models, I pointed out the importance of building content assets. I included this old slide that is somewhat outdated but I think still highly relevant.
A few readers asked: what do you mean by build system (or process) assets?
Going Solo Presentation - Babson:2005 - Mary Wynne-Wynter
The systems I refer to are unique to the solo professional who may also license or own systems such as financial planning or CAD. You might take your unique systems and process for granted, until or unless you’re expected to deliver equivalent value differently.
The tools you use may be widely available, simple, open source or even free. But how you use, integrate and continually refine and upgrade them to service, support and (hopefully) delight your clients is valuable asset.
For example, I integrate wiki’s, social media tools, tagging and rss feeds as an integral shared learning system between me and my clients. Anyone “could” do it, but I’m the one who does it. Simple does not necessarily mean “easy to copy”.
The solo business model you choose may preclude your building system assets. That may work out great for you as long as you’re aware of, and take the time to evaluate, the pros and cons of the model you choose.
Solo PSF Business Models – Pt 1
April 8, 2009 by Mary Wynne-Wynter · Comments Off
I was recently talking to a friend, a marketing professional, who was leaving her job to go out on her own. When I asked her if she wanted ongoing contract work, specific projects or to design her own program(s), she said it really didn’t matter to her.
That conversation reminded me of a workshop I gave at Babson 4 years ago about Solo Professional Services. I dug up what I considered the key slide, and the one that caused the most confusion. The audience didn’t understand the evaluation criteria: “building assets”.
Going Solo Presentation - Babson:2005 - Mary Wynne-Wynter
The presentation is somewhat outdated, but I think that confusion about building assets still exists. A model based on branded content ownership and control is not the recommended model for everyone. But as de-jobbing accelerates and independent professional service providers fill the gap, its more important than ever to fully evaluate and understand the short and long-term implications of the model you choose to provide your services.
Related Post: Solo PSF Business Models – Pt 2
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