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

Joan Magretta, the former editor of the Harvard Business Review, suggests there are two critical factors in sizing up business models. When business models don't work, she states, … See more