The document discusses different types of business models for startups. It describes six types of startup organizations: lifestyle businesses, small businesses, scalable startups, buyable startups, large company startups, and social startups. It also discusses nine key elements of a business model using the Business Model Canvas framework: customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structures. Finally, it emphasizes that business models should strive for simplicity over complexity.
The document discusses the importance of developing a strong business model. It notes that having the best product, being first to market, or being well-funded are not guarantees of success on their own. An effective business model describes how a company will generate revenue and profits by delivering value to customers. It should define the customer segments, value propositions, revenue streams, and other key elements. Developing a business model is essential for any startup to explain how it plans to be profitable and survive long-term. The document provides several examples and frameworks for crafting a business model, emphasizing that the model needs to be simple to be effective.
This is my presentation to the International Society of Arboriculture (ISA), in Rhode Island, June 2009. It contains many examples of how to run a more profitable tree care business.
It was referenced in the podcast interview with Todd on ArborViews at http://www.isa-arbor.com/podcast/PodcastDetail.aspx?ID=8
33 Tips, Secrets and idea's to help you create value for your business. Ultimately they will help you sell your business for the highest value possible.
The document summarizes key topics from Chapter 1 of a marketing textbook, including:
1) Marketing is defined as the process of planning and executing the conception, pricing, promotion, and distribution of goods and services to create exchanges that satisfy individual and organizational objectives.
2) All types of organizations use marketing, including corporations, governments, hospitals, schools, churches, and the US Army.
3) Marketing originated from the division of labor and specialization, which led to the exchange of goods. Exchange is key to marketing.
4) The marketing management philosophies that guide efforts are the production, selling, marketing, and societal concepts. Currently most companies follow the marketing concept of determining customer wants and
Empowerment through Enterprise - sales and marketing, the engine and the energycaniceconsulting
This document provides guidance on branding and marketing for small businesses. It discusses developing a brand story and defining the target market. Key aspects of branding covered include coming up with a name, choosing colors, building credibility, and creating consistent branding across all marketing materials. The document also distinguishes between marketing and sales, emphasizing that marketing is long-term relationship building while sales focuses on individual transactions. It provides tips on digital marketing tools like websites, social media, and email marketing to promote small businesses.
Mastering the Dynamic Landscape of Digital Marketing: Strategies, Tools, and ...Syed Rehan Ali
Digital marketing tools and techniques are constantly evolving. In this course, instructor Brad Batesole helps you keep up with this fast-moving field, covering what you need to know to help your business cut through the noise, engage potential customers, and adapt with the times. Brad begins by discussing the building blocks of online marketing, including how it's used, where it's been, and where it's headed. He then steps through how to define your value proposition, identify your target market, and establish your goals and KPIs. Next, he covers how customers evaluate the entirety of a brand's online presence, as well as how to decide on a marketing channel, optimize your website, and leverage SEO, paid advertising, and social media to help your target audience find you. Plus, learn how to develop an email marketing plan, get started with video marketing, and create easy-to-understand marketing reports that help you assess your progress.
The document discusses different types of business models for startups. It describes six types of startup organizations: lifestyle businesses, small businesses, scalable startups, buyable startups, large company startups, and social startups. It also discusses nine key elements of a business model using the Business Model Canvas framework: customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structures. Finally, it emphasizes that business models should strive for simplicity over complexity.
The document discusses the importance of developing a strong business model. It notes that having the best product, being first to market, or being well-funded are not guarantees of success on their own. An effective business model describes how a company will generate revenue and profits by delivering value to customers. It should define the customer segments, value propositions, revenue streams, and other key elements. Developing a business model is essential for any startup to explain how it plans to be profitable and survive long-term. The document provides several examples and frameworks for crafting a business model, emphasizing that the model needs to be simple to be effective.
This is my presentation to the International Society of Arboriculture (ISA), in Rhode Island, June 2009. It contains many examples of how to run a more profitable tree care business.
It was referenced in the podcast interview with Todd on ArborViews at http://www.isa-arbor.com/podcast/PodcastDetail.aspx?ID=8
33 Tips, Secrets and idea's to help you create value for your business. Ultimately they will help you sell your business for the highest value possible.
The document summarizes key topics from Chapter 1 of a marketing textbook, including:
1) Marketing is defined as the process of planning and executing the conception, pricing, promotion, and distribution of goods and services to create exchanges that satisfy individual and organizational objectives.
2) All types of organizations use marketing, including corporations, governments, hospitals, schools, churches, and the US Army.
3) Marketing originated from the division of labor and specialization, which led to the exchange of goods. Exchange is key to marketing.
4) The marketing management philosophies that guide efforts are the production, selling, marketing, and societal concepts. Currently most companies follow the marketing concept of determining customer wants and
Empowerment through Enterprise - sales and marketing, the engine and the energycaniceconsulting
This document provides guidance on branding and marketing for small businesses. It discusses developing a brand story and defining the target market. Key aspects of branding covered include coming up with a name, choosing colors, building credibility, and creating consistent branding across all marketing materials. The document also distinguishes between marketing and sales, emphasizing that marketing is long-term relationship building while sales focuses on individual transactions. It provides tips on digital marketing tools like websites, social media, and email marketing to promote small businesses.
Mastering the Dynamic Landscape of Digital Marketing: Strategies, Tools, and ...Syed Rehan Ali
Digital marketing tools and techniques are constantly evolving. In this course, instructor Brad Batesole helps you keep up with this fast-moving field, covering what you need to know to help your business cut through the noise, engage potential customers, and adapt with the times. Brad begins by discussing the building blocks of online marketing, including how it's used, where it's been, and where it's headed. He then steps through how to define your value proposition, identify your target market, and establish your goals and KPIs. Next, he covers how customers evaluate the entirety of a brand's online presence, as well as how to decide on a marketing channel, optimize your website, and leverage SEO, paid advertising, and social media to help your target audience find you. Plus, learn how to develop an email marketing plan, get started with video marketing, and create easy-to-understand marketing reports that help you assess your progress.
In today's world of cut-throat competition, one needs a business model that's truly unique/innovative in order to make an impact on the market. This presentation outlines the basics of designing a good business model through 6 techniques. These techniques can be used independently or combined for the best results. The presentation is based on the book Business Model Generation by Alex Osterwalder and Yves Pigneur.
Lecture 3 e-cmmerce , business models and concpets-chapter 2Habib Ullah Qamar
This document discusses the key components of e-commerce business models. It identifies eight elements that make up a successful business model: value proposition, revenue model, market opportunity, competitive environment, competitive advantage, market strategy, organizational development, and management team. Each element is described in detail. For example, the value proposition defines what a company offers customers that competitors do not, while the market strategy is the plan for attracting new customers. Strong business models include all eight elements and can adapt over time as needed.
Lecture 3 e-cmmerce , business models and concpets-chapter 2Habib Ullah Qamar
This document discusses the key components of e-commerce business models. It identifies eight elements that make up a successful business model: value proposition, revenue model, market opportunity, competitive environment, competitive advantage, market strategy, organizational development, and management team. Each element is described in detail. For example, the value proposition defines what a company offers customers that competitors do not, while the market strategy is the plan for attracting new customers. Strong business models include all eight elements and can adapt over time as needed.
The presentation has been created for StartupbootcampIstanbul participants aiming to briefly summarise and compare today's most famous business model design patterns.
Long live the business model. What Is The Difference Between a Business Plan And a Business Model? Business plans are static and based on unknowns. A business model describes the rationale of how an organization creates, delivers, and captures value
The document discusses the difference between a business plan and a business model. A business plan is a document that collects untested hypotheses about a business's size of opportunity, customers, sales channels, marketing, and financing. It contains a plan to test these hypotheses and extrapolates results if they are validated. A business model is a diagram that shows how all parts of a business work together to create and deliver value to customers and capture profits. It describes the problem being solved, market size, distribution channels, demand creation strategies, and financial assumptions. The key is to start with individual pieces of the business model and then put them together into a single coherent diagram.
This module explores the ups and downs of within the mobile catering industry, the obstacles that may occur and how to maximise your start ups effectiveness and efficient.
SPENTREP - Business Model Innovation (reported by Emmanuel Junio)emmanueljunio
This document discusses business models and business model innovation. It begins by defining a business model as describing how an organization creates, delivers, and captures value. It then introduces the business model canvas as a tool to systematically describe and design business models using nine building blocks. The document explains common business model patterns and provides examples. It defines business model innovation as envisioning and implementing new ways of doing business to create customer value and competitive advantage. The document outlines a four step process for business model innovation: initiation, ideation, integration, and implementation. It emphasizes that innovation often involves adapting existing business model patterns rather than completely new ideas.
Redesign Your Career With (Business Model You)Mohamed Yasser
Replace your career plan with the personal business model, whether you want to improve in your career, change jobs, or start your own business. This methodology teaches you step-by-step how to define and redesign your Personal Business Model "the logic by which you create and deliver value". Business model you Book founded by Dr. Tim Clark.
Workshop Session: Redesign your career with (Business Model You), By Mr.Moham...fadilia - فاضليا
This document discusses redesigning one's career using a personal business model approach. It encourages the reader to reflect on their career challenges, passions, and value propositions using a business model canvas tool. The document provides examples of how to diagram key elements of a personal business model, including one's customers, offerings, resources, activities and costs. It suggests discussing one's model with customers and revising it based on feedback in order to better plan one's career path.
The document discusses the difference between a business model and a business plan. A business model focuses on identifying the customer, what the customer values, how the business will make money, and the underlying economic logic. It reveals the largest income generator and services customers value. In contrast, a business plan provides business details, marketing strategy, financial projections, and goals to support the business model. Together, the business model acts as a blueprint and foundation, while the business plan serves as a roadmap for bringing the business idea to fruition.
UNSTUCK: Use the Brand-As-Business Management Approach to Troubleshoot Your Business is a short guide that introduces six prevalent business issues and the solutions offered by the brand-as-business approach.
This document provides an overview of how to build a startup. It discusses identifying problems and opportunities, defining solutions, validating ideas with customers, and pivoting based on feedback. Key frameworks mentioned include the Lean Startup methodology, customer development process, minimum viable product, and business model canvas. The document emphasizes the importance of getting outside the building to test hypotheses with customers rather than making assumptions internally. It also notes common startup metrics and the need for fast decision making and validation through customer experiments.
This document provides an overview of marketing and outlines steps to develop a successful marketing plan. It discusses key marketing concepts like the marketing mix, also known as the four Ps - product, price, place, and promotion. The document emphasizes that marketing differs from selling in that marketing takes a broader, long-term view focused on customer needs while selling focuses on short-term transactions. It also notes that a well-designed marketing plan can help businesses identify opportunities and threats in the market. Overall, the document serves as an introductory guide to marketing fundamentals and strategies for developing an effective marketing plan.
Whether you are launching a new product or service, or need to re-energise an existing one, these exercises can help steer your thinking and challenge your brand development.
This document provides an overview of opportunity recognition and developing a business model. It discusses identifying market opportunities by recognizing consumer needs or wants that a new business could potentially meet. Sources of opportunities include problems, changes, new discoveries, existing products/services, and unique knowledge. The document then covers what a business model is and common types like manufacturer, distributor, retailer, franchise, brick-and-mortar, and e-commerce. Finally, it discusses market opportunity analysis and identifying target customers through creating customer profiles and sales projections based on research.
Business Model Innovation: Designing and testing business model in a corporat...Milan Vukas
A hands-on workshop about how to design and test business models in a corporate environment. This workshop will empower you to create better value propositions for your innovative ideas.
This workshop was part of the Knowledge in Focus Conference 2016 organized by Podravka on 24. November 2016 in Zagreb, Croatia (More information about the event here: http://www.podravka.com/company/knowledge-in-focus-2016/)
Business Model Generation (Alex Osterwalder)Endrigo Ramos
Systematically understand, design & differentiate your business model.
Disruptive new business models are emblematic of our generation. Yet they remain poorly understood, even as they transform competitive landscapes across industries. Business Model Generation offers you powerful, simple, tested tools for understanding, designing, re-working, and implementing business models.
Written by Alex Osterwalder
Slides designed by Endrigo Ramos
http://businessmodelgeneration.com/book
ptg16513123There’s not a single business model, and the.docxpotmanandrea
ptg16513123
“There’s not a single business model, and
there’s not a single type of electronic
content. There are really a lot of
opportunities and a lot of options and we
just have to discover all of them.”
—TIM O’REILLY
A business model describes how an organization creates, captures, and
delivers value to its customers. Every business performs some activity
with the intention of generating value for its customers. At a conceptual
level, what does that look like and what existing businesses can you point
to as examples to determine that your model is sound?
Identifying your business model is helpful for two important reasons.
First, by studying businesses with a similar business model, you can
increase your own odds of success—an activity referred to as modeling.
Second, it provides a blueprint by which you can begin taking action to
define your business model. If you already have a model, you still can
make improvements or reinvent it by comparing it to well-established
models—an activity referred to as benchmarking.
CHAPTER 6
BUSINESS
MODELS
From the Library of Moaath Alangari
ptg16513123
Seven business model
archetypes
After spending considerable time mapping the various business models
online, we began to realize that many of the models were similar. We
observed there are fundamentally three archetypes that drive all business
models: Trade, Product, and Service. This was a breakthrough observa-
tion for us, because it paved the way for the model we then created.
Just as a color wheel starts with three primary colors and derives a set
of basic colors from the original three (red, green, blue), we’ve done
the same with our model. Many of the interesting online businesses are
hybrids of two of the three primaries; we call these the hybrid archetypes.
They include the Marketplace, Brokerage, and Subscription models.
And lastly there is the Ecosystem, which possesses traits of all three
primary archetypes.
Figure 6.1 illustrates this framework, which can be a useful place to start
thinking about how to structure your business. To make this framework
more useful, we also overlaid two prototypes to demonstrate each arche-
type. These prototypes are more defined and actionable models of the
more abstract archetype concept. This is not an exhaustive list of possible
prototypes, just a set of examples that illustrate the concept and provide
actionable material that you can use. Following the detailed description
of each archetype, we provide a list of the prototypes and a set of exam-
ples for each that appear to be succeeding online.
Trade
Trade is the primary archetype that describes the business of connect-
ing buyers and sellers, rather than offering something to be bought or
sold. The trader is the consummate “connector” who knows everyone
and helps to make introductions. Profits are generated by commission or
arbitrage, not by selling units or hours.
PART II KNOW80
From the Library of Mo ...
Seminar 4 - From Business Idea to Business Model
OK, so you have a great business idea but is it a viable business?
It's one thing having a good business idea but to build a successful business you need to develop a strong business model. This interactive, hands-on, session will introduce participants to business model basics and look at the Business Model Canvas approach as an entrepreneurial tool for bridging the gap between business idea and business reality.
Speaker: Ben Mumby-Croft, Enterprise Education Manager, City University London
Ben is an experienced enterprise educator with a passion for helping young (and not so young) entrepreneurs turn great ideas into successful start-ups. Ben is currently responsible for Enterprise Education at City University London where he leads CityStarters, a University-wide initiative to provide extra-curricular enterprise and entrepreneurship education to all students. In addition to this, Ben is also the creator of Visual Marketing Plans – a business canvas style approach to marketing planning – and a seasoned marketer with 12 years’ experience helping entrepreneurs and high growth businesses to achieve their business goals through effective marketing strategy, branding and other intelligent sounding stuff like that.
In today's world of cut-throat competition, one needs a business model that's truly unique/innovative in order to make an impact on the market. This presentation outlines the basics of designing a good business model through 6 techniques. These techniques can be used independently or combined for the best results. The presentation is based on the book Business Model Generation by Alex Osterwalder and Yves Pigneur.
Lecture 3 e-cmmerce , business models and concpets-chapter 2Habib Ullah Qamar
This document discusses the key components of e-commerce business models. It identifies eight elements that make up a successful business model: value proposition, revenue model, market opportunity, competitive environment, competitive advantage, market strategy, organizational development, and management team. Each element is described in detail. For example, the value proposition defines what a company offers customers that competitors do not, while the market strategy is the plan for attracting new customers. Strong business models include all eight elements and can adapt over time as needed.
Lecture 3 e-cmmerce , business models and concpets-chapter 2Habib Ullah Qamar
This document discusses the key components of e-commerce business models. It identifies eight elements that make up a successful business model: value proposition, revenue model, market opportunity, competitive environment, competitive advantage, market strategy, organizational development, and management team. Each element is described in detail. For example, the value proposition defines what a company offers customers that competitors do not, while the market strategy is the plan for attracting new customers. Strong business models include all eight elements and can adapt over time as needed.
The presentation has been created for StartupbootcampIstanbul participants aiming to briefly summarise and compare today's most famous business model design patterns.
Long live the business model. What Is The Difference Between a Business Plan And a Business Model? Business plans are static and based on unknowns. A business model describes the rationale of how an organization creates, delivers, and captures value
The document discusses the difference between a business plan and a business model. A business plan is a document that collects untested hypotheses about a business's size of opportunity, customers, sales channels, marketing, and financing. It contains a plan to test these hypotheses and extrapolates results if they are validated. A business model is a diagram that shows how all parts of a business work together to create and deliver value to customers and capture profits. It describes the problem being solved, market size, distribution channels, demand creation strategies, and financial assumptions. The key is to start with individual pieces of the business model and then put them together into a single coherent diagram.
This module explores the ups and downs of within the mobile catering industry, the obstacles that may occur and how to maximise your start ups effectiveness and efficient.
SPENTREP - Business Model Innovation (reported by Emmanuel Junio)emmanueljunio
This document discusses business models and business model innovation. It begins by defining a business model as describing how an organization creates, delivers, and captures value. It then introduces the business model canvas as a tool to systematically describe and design business models using nine building blocks. The document explains common business model patterns and provides examples. It defines business model innovation as envisioning and implementing new ways of doing business to create customer value and competitive advantage. The document outlines a four step process for business model innovation: initiation, ideation, integration, and implementation. It emphasizes that innovation often involves adapting existing business model patterns rather than completely new ideas.
Redesign Your Career With (Business Model You)Mohamed Yasser
Replace your career plan with the personal business model, whether you want to improve in your career, change jobs, or start your own business. This methodology teaches you step-by-step how to define and redesign your Personal Business Model "the logic by which you create and deliver value". Business model you Book founded by Dr. Tim Clark.
Workshop Session: Redesign your career with (Business Model You), By Mr.Moham...fadilia - فاضليا
This document discusses redesigning one's career using a personal business model approach. It encourages the reader to reflect on their career challenges, passions, and value propositions using a business model canvas tool. The document provides examples of how to diagram key elements of a personal business model, including one's customers, offerings, resources, activities and costs. It suggests discussing one's model with customers and revising it based on feedback in order to better plan one's career path.
The document discusses the difference between a business model and a business plan. A business model focuses on identifying the customer, what the customer values, how the business will make money, and the underlying economic logic. It reveals the largest income generator and services customers value. In contrast, a business plan provides business details, marketing strategy, financial projections, and goals to support the business model. Together, the business model acts as a blueprint and foundation, while the business plan serves as a roadmap for bringing the business idea to fruition.
UNSTUCK: Use the Brand-As-Business Management Approach to Troubleshoot Your Business is a short guide that introduces six prevalent business issues and the solutions offered by the brand-as-business approach.
This document provides an overview of how to build a startup. It discusses identifying problems and opportunities, defining solutions, validating ideas with customers, and pivoting based on feedback. Key frameworks mentioned include the Lean Startup methodology, customer development process, minimum viable product, and business model canvas. The document emphasizes the importance of getting outside the building to test hypotheses with customers rather than making assumptions internally. It also notes common startup metrics and the need for fast decision making and validation through customer experiments.
This document provides an overview of marketing and outlines steps to develop a successful marketing plan. It discusses key marketing concepts like the marketing mix, also known as the four Ps - product, price, place, and promotion. The document emphasizes that marketing differs from selling in that marketing takes a broader, long-term view focused on customer needs while selling focuses on short-term transactions. It also notes that a well-designed marketing plan can help businesses identify opportunities and threats in the market. Overall, the document serves as an introductory guide to marketing fundamentals and strategies for developing an effective marketing plan.
Whether you are launching a new product or service, or need to re-energise an existing one, these exercises can help steer your thinking and challenge your brand development.
This document provides an overview of opportunity recognition and developing a business model. It discusses identifying market opportunities by recognizing consumer needs or wants that a new business could potentially meet. Sources of opportunities include problems, changes, new discoveries, existing products/services, and unique knowledge. The document then covers what a business model is and common types like manufacturer, distributor, retailer, franchise, brick-and-mortar, and e-commerce. Finally, it discusses market opportunity analysis and identifying target customers through creating customer profiles and sales projections based on research.
Business Model Innovation: Designing and testing business model in a corporat...Milan Vukas
A hands-on workshop about how to design and test business models in a corporate environment. This workshop will empower you to create better value propositions for your innovative ideas.
This workshop was part of the Knowledge in Focus Conference 2016 organized by Podravka on 24. November 2016 in Zagreb, Croatia (More information about the event here: http://www.podravka.com/company/knowledge-in-focus-2016/)
Business Model Generation (Alex Osterwalder)Endrigo Ramos
Systematically understand, design & differentiate your business model.
Disruptive new business models are emblematic of our generation. Yet they remain poorly understood, even as they transform competitive landscapes across industries. Business Model Generation offers you powerful, simple, tested tools for understanding, designing, re-working, and implementing business models.
Written by Alex Osterwalder
Slides designed by Endrigo Ramos
http://businessmodelgeneration.com/book
ptg16513123There’s not a single business model, and the.docxpotmanandrea
ptg16513123
“There’s not a single business model, and
there’s not a single type of electronic
content. There are really a lot of
opportunities and a lot of options and we
just have to discover all of them.”
—TIM O’REILLY
A business model describes how an organization creates, captures, and
delivers value to its customers. Every business performs some activity
with the intention of generating value for its customers. At a conceptual
level, what does that look like and what existing businesses can you point
to as examples to determine that your model is sound?
Identifying your business model is helpful for two important reasons.
First, by studying businesses with a similar business model, you can
increase your own odds of success—an activity referred to as modeling.
Second, it provides a blueprint by which you can begin taking action to
define your business model. If you already have a model, you still can
make improvements or reinvent it by comparing it to well-established
models—an activity referred to as benchmarking.
CHAPTER 6
BUSINESS
MODELS
From the Library of Moaath Alangari
ptg16513123
Seven business model
archetypes
After spending considerable time mapping the various business models
online, we began to realize that many of the models were similar. We
observed there are fundamentally three archetypes that drive all business
models: Trade, Product, and Service. This was a breakthrough observa-
tion for us, because it paved the way for the model we then created.
Just as a color wheel starts with three primary colors and derives a set
of basic colors from the original three (red, green, blue), we’ve done
the same with our model. Many of the interesting online businesses are
hybrids of two of the three primaries; we call these the hybrid archetypes.
They include the Marketplace, Brokerage, and Subscription models.
And lastly there is the Ecosystem, which possesses traits of all three
primary archetypes.
Figure 6.1 illustrates this framework, which can be a useful place to start
thinking about how to structure your business. To make this framework
more useful, we also overlaid two prototypes to demonstrate each arche-
type. These prototypes are more defined and actionable models of the
more abstract archetype concept. This is not an exhaustive list of possible
prototypes, just a set of examples that illustrate the concept and provide
actionable material that you can use. Following the detailed description
of each archetype, we provide a list of the prototypes and a set of exam-
ples for each that appear to be succeeding online.
Trade
Trade is the primary archetype that describes the business of connect-
ing buyers and sellers, rather than offering something to be bought or
sold. The trader is the consummate “connector” who knows everyone
and helps to make introductions. Profits are generated by commission or
arbitrage, not by selling units or hours.
PART II KNOW80
From the Library of Mo ...
Seminar 4 - From Business Idea to Business Model
OK, so you have a great business idea but is it a viable business?
It's one thing having a good business idea but to build a successful business you need to develop a strong business model. This interactive, hands-on, session will introduce participants to business model basics and look at the Business Model Canvas approach as an entrepreneurial tool for bridging the gap between business idea and business reality.
Speaker: Ben Mumby-Croft, Enterprise Education Manager, City University London
Ben is an experienced enterprise educator with a passion for helping young (and not so young) entrepreneurs turn great ideas into successful start-ups. Ben is currently responsible for Enterprise Education at City University London where he leads CityStarters, a University-wide initiative to provide extra-curricular enterprise and entrepreneurship education to all students. In addition to this, Ben is also the creator of Visual Marketing Plans – a business canvas style approach to marketing planning – and a seasoned marketer with 12 years’ experience helping entrepreneurs and high growth businesses to achieve their business goals through effective marketing strategy, branding and other intelligent sounding stuff like that.
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2. What is a Business Model?
A business model is an outline for how your company plans to make money.
In general, a business model explains four things:
What product or service a company will sell?
How it intends to market that product or service?
What kind of expenses the company will face?
How the company expects to turn a profit?
“All it really meant was how you planned to make money” — Michael Lewis
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5. How do your write a Business Model?
designing and manufacturing the product
From finding the right customers to selling and distributing the
product
how the customer will pay and how the company will generate
income
Business Models are created with the help of a business model canvas. In more simple
terms, every business model has three parts –