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The ‘Consider Options’ module is a pivotal component of The Ascent program, offered by The Raven Group. This module empowers you to make strategic decisions, evaluate different business models, and prioritize revenue generation efforts, all while aligning with your purpose-driven business vision.

Strategic Decision Making: Bringing Your Vision to Life

The first step entails identifying the most significant strategic decisions that need to be made to bring your purpose-based business to life. These decisions could range from selecting your target market to determining your value proposition, laying the groundwork for your entrepreneurial journey.

Evaluating Business Models: To Build, Buy or Partner?

Next, you’ll delve into evaluating different types of business models. You’ll consider whether building a business from scratch aligns best with your goals or if buying an existing business or partnering with one might be a more suitable route. This analysis takes into account your personal preferences, resources, and risk tolerance.

Balancing Capabilities and Interests: A Personalized Approach

Following this, you’ll assess the underlying capabilities needed to run your chosen business model versus your interest level in acquiring them. This balanced approach ensures that you feel challenged yet engaged in your entrepreneurial journey.

Strategic Actions: Do, Delegate or Defer?

You will then determine what key strategic actions to undertake yourself, which ones to delegate, and those to defer. This process helps streamline your tasks, allowing you to focus on areas where you add the most value.

Strategic Actions: Do, Delegate or Defer?

You will then determine what key strategic actions to undertake yourself, which ones to delegate, and those to defer. This process helps streamline your tasks, allowing you to focus on areas where you add the most value.

Outsourcing: Maximizing Efficiency

Additionally, you’ll identify areas of the business that could potentially be outsourced. Outsourcing can free up your time and resources, enabling you to focus on core business activities.

Revenue Generation: Prioritizing Efforts

Finally, you’ll determine how to prioritize your revenue generation efforts. This step ensures that your business maintains a healthy cash flow, which is vital for its sustainability and growth.

In essence, the ‘Consider Options’ module in The Ascent program gives you a comprehensive understanding of strategic decision making, business model evaluation, task delegation, outsourcing, and revenue prioritization, enabling you to make informed decisions on your path to entrepreneurial success.

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