Let’s take a look at the similarity between your business network and your business net worth. Things that matter for your net worth are:
Potential for growth
Your business network needs to have very similar things:
So how can your business network contribute to your business net worth? The basic review would start with connections. Are you connected to the appropriate numbers of places and people who will drive success? Do you have a back up data center? Do you have secure connectivity for employees, suppliers and contractors to do their work efficiently from any location? Are you connected to financial institutions who support your growth and development in the right ways? Are your connections secured against inappropriate usage?
So far, so good? Let’s move on to Extensibility.
The key to successful businesses is growth. Can you extend your connections to new customers, new markets, new regions easily and quickly? Can your data center grow quickly to take on new applications and new functions? Can you allocate and reallocate network resources as you go? Is your network “virtualizable”?
Now to the final interesting characteristic – diversification.
Once you have delivered your first product, you need to have a plan for what comes next. Your investments need to be a mix of risk/return options. Do you have an appropriately distributed set of assets with short, medium and long term pay back? For your business network, that means can you grow within your own site, across your geography and across the world. What is your reach? For aspiring companies, the potential needs to be global. Do you have a way to safely extend your network to new suppliers, new sales outlets with new financial institutions?
Success in business is about what you know as well as who you know. Being well connected at every level is foundational. So, does your network do the right things to enhance your net worth?
If the answer is no, call us for a free consultation. We are happy to help.