Lets build a model that would create a patentable process delivery model for us, said an entrepreneur talking to his partner. What emerged is today one of the Largest and the fastest growing Education and IT company in India, Educomp Solutions Ltd.
BOOT?
Build-Own-Operate-Transfer!
The model clearly defines a strategy which helps an emerging entrepreneur retain cleints for a fixed time period and also be more at ease with the clients, as the manufacturer/service provider Builds the system, Owns the system, Operates the system, and after the period of contract, Transfers the system rights to the client.
*system here refers to (service/product)
Intelligent huh?
YES! What better than a unique way of retaining your clients, have regular cash flows and in the process, maintain a long standing and stable partnership, sharing and growing.
Selling a computer when it costed a bomb few years back, to a school?
Well, that’s what you call the entrepreneurial spirit and the success of the BOOT model!
Shares Mr. Shantanu Prakash, who did the same when he started with Educomp.
Yahoo!! Re-iterating history!
At one of a recent blog postings, I went through Yahoo, coming up with a unique way of increasing their consumer base by introducing the BOSS (Build your own search service) which would show search results from yahoo search!
Another way of telling your clients, we’re with you for you always!
The young age entrepreneur is more evolved and has access to a wider information base than the previous times. Before taking the plunge into entrepreneurship, just to realise later…Ohh…i could have bettered here, I advice entrepreneurs to think and come up with innovative designs, models that can be replicated, in fact bettered.
What use would it be?
As they say its no use re-inventing the wheel, its always better to know you have the wheels, what you have to do now is design the the best technological marvel which would move on those wheels!
The success of such models could be replicated and improved upon by emerging entrepreneurs!
Link to the post at the NASSCOM EMERGE Blog: http://blog.nasscom.in/emerge/2008/07/18/b-o-o-t-boss/
