The term business model refers to a company's plan for making a profit. It identifies the products or services the business plans to sell, its identified target market, an… See more

A business model is a high-level plan for profitably operating a business in a specific marketplace. A primary component of the business model is the value proposition. This is a de… See more

A common mistake many companies make when they create their business models is to underestimate the costs of funding the business until it becomes profitable. Counting c… See more

There are as many types of business models as there are types of business. For instance, direct sales, franchising, advertising-based, and brick-and-mortar stores are … See more

There is no "one size fits all" when making a business model. Different professionals may suggest taking different steps when creating a business and planning your business m… See more