When you plan a business, your first concern is investment. Every business aims at profits and Return on Investment (ROI). Hence, thinking about investment, you always wonder that how long would it take to achieve profits and when the desired ROI would start rolling.
For the initial investment, funding has to be planned so that the foundation of your business idea can be laid. Once you are ready with your plan of investment, you proceed to develop a solution or an application that you will use to fulfill the requirements of your clients.
To develop the same, a market assessment is needed where companies manufacturing applications are surveyed and you have to decide your option on the basis of company‘s credibility, your budget and the rate being quoted by the company.
Cost of application development, initial tasks assigned by first client involve investment with no ROI. Incurring initial costs in any business are a risk that is bound to happen. Assessing the level of risk and planning steps to minimize the impact is called risk analysis.
Another risk of business is entering the market and establishing your business as a brand. You need marketing to promote your products/services and convince your potential customers to choose your product/service over your competitors who have been in market before your arrival.
Due to risks in business, a partner and a co-founder is what you look for whose partial investment will minimize the risks as profit will benefit both partners and loss will have comparatively smaller impact on the finances of both partners.
However, searching a reliable partner is not easy. Hence, you need BOMT business model that helps you by aiding you to become your own business partner. With the services of BOMT, you can set up a business and stabilize it during its baby steps. Your business becomes fully functional in four stages of Build, Operate, Marketing and Transform where you remain the owner of your business, witnessing it becoming functional.
BOMT model aids Startups and ISVs’ in reducing their time-to-market, as well as creating opportunities for increasing revenue and maximizing ROI. During the evolution of your business, you own it and see it progress under BOMT and once it is evolved, you are ready to take the independent charge of your empire that BOMT created for you. With chances of losses minimized by BOMT, your business is strong and stable since foundation.
BOMT also helps you to enter the market and its brand building activities ensure the rise of your business as a distinguishable brand. Marketing and branding strategy for business is made by BOMT on the basis of product/service‘s utility and target customers.
Benefits like process expertise, knowledge preservation, team supervision and technical support are integral part of BOMT model. Ownership of superior product, talented expertise, risk diminution, low operational costs and procedural expertise are also key aspects of this model.
BOMT(Build, Operate, Market, and Transform) model, It is an innovative hybrid partner product development that offers a low-risk, hassle-free, cost-effective global sourcing strategy. BOMT works exceptionally well with StartUps, Entrepreneurs and ISVs. It ensures incubation, development, Gestation and transformation support to increase revenue and maximize ROI in short span of time.