INDIANAPOLIS, April 19, 2011 /PRNewswire/ -- Summary: As businesses struggle to succeed in the current world economy, one company has expanded the reach of a tool that can help determine the success of a new or existing business model. The Business Model Evaluator Tool (www.businessmodelevaluator.com) works to identify strengths and weaknesses in a business model to allow a realistic picture of a business's ability to succeed. This tool is now available to any website operator through a unique co-op program.
Current economic pressures find many Americans developing a unique business idea or struggling with a business they already own. The success or failure of a business may be decided by the overall quality of a business model. One company is now expanding the reach of their comprehensive business tool to evaluate the core elements of your business plan and business model.
"No matter how tied you may be to your present business model the use of our Business Model Evaluator may help point out strengths and potential weaknesses in your business plan," suggests Jim Muehlhausen, Founder of The Business Model Institute (www.businessmodelinstitute.com). "Best of all the business model evaluation is available free of charge."
News reports surface on a weekly basis that serve to demonstrate that even the largest American companies can struggle with their business model. Consider this list of companies that have undergone multiple store closures in the last two years. Some on this list have since moved their product online or have closed entirely.
- Linen & Things
- Foot Locker
- Home Depot
- Lonestar Steakhouse
- Zales Jewelry
- Medical Articles
- Pier 1 Imports
- Dell Computers
Muehlhausen explains the reasoning behind the Business Model Evaluator; "Our business is business. We are quick to connect with CEO's throughout North America. We understand commerce and this tool is one way we can contribute to the successful rebirth of the American economy – one business at a time."
The Business Model Evaluator is now available to all website operators through a unique lead sharing program. Website operators can add a high-value business model assessment to their website through a simple widget. Tens of thousands of businesses around the world have used the Business Model Evaluator to assess and improve their business model. This same business model tool is available for partner websites.
The Business Model Evaluator uses a proprietary eight component analysis to assess any business model. The evaluation is comprised of twenty eight questions and scored using a complex parabolic algorithm.
Business owners enjoy quick assessments, especially if they offer value like the Business Model Evaluator. The program has enjoyed success during beta partnership with The Business Model Institute.
The Business Model Institute is the web's premier business model blog. Serving the small-to-mid-sized business community, The Business Model Institute blog discusses core issues which are essential to entrepreneurs.
About the Business Model Institute
The Business Model Institute is devoted to study and improvement of business models. Many scholars and business gurus, including Warren Buffet, have determined that the business model is the most important factor in business success. It is nearly impossible to create a remarkable business without a remarkable business model. Unfortunately, very few resources exist for business owners to analyze and improve their business model. The Business Model Institute has worked with business owners and experts to develop 87 methods to improve a business model. These methods have helped countless entrepreneurs create a better and more profitable business.
SOURCE The Business Model Institute