There
are two types of business models recognized by the Micro-Business Enterprise
Association, (MBEA) LLC and the National Association of Home Based Businesses
(NAHBB). One is the third party verified business model or franchise and the
other is a general business model built by individual business owners. There is
a major difference between a Certified Business Model and a General Business
Model built by an owner with no outside help for testing and concept
development. Certified Business Model and/or Franchise is built and field-tested
in the actual marketplace. Business professionals who are authorized to build
certified business models, do so, in authorized Small Business Development
Incubators (SBDI) with an experienced business development teams attached.
Authorized SBDI team members include business developers, and other
professionals such as attorneys, accountants, marketers and management
specialists. A certified business model that is built on this type of growth platform can
put entrepreneurs on par with large companies. Plus if they belong to a
circle-marketing network their success can be protected if they
follow the plans outlined by the SBDI team.
Many SBDI teams use executive and industrial suites to
incubate business ventures during development. The Micro-Business Enterprise
System only recognizes existing business models that are third party verified.
New millennium venture capital firms and private investors prefer a Certified
Business Model and Franchise. A certified model may not be necessary if you are
not seeking venture capital funding. Because of the fast pace global
marketplace, the world need new
institutions which can assist small business owners and young entrepreneurs to
make the changes necessary to be successful in the 21st century.
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