The business model describes the way in which a company makes money: it is therefore the strategy adopted by the entrepreneur to obtain profit while giving value to customers.
you must keep in mind all the activities you perform to achieve your goals: identifying the services you offer, the market you are targeting, the expenses you face and the profit you hypothesize.
All companies, even those that have been consolidated for a long shareholder data time, must always draw up a business model that can be revised when necessary based on the image that the company assumes: otherwise there is the risk of not being updated on new markets, thus losing the possibility of focusing on new objectives.
Typically a business model should contain three parts.
Design , or everything that concerns the production of the goods or services that the company offers.
Market Reach , everything related to sales, contacting suppliers and distributors, and customer acquisition.
Payment method , i.e. pricing strategies, cash flows, etc.
To create your business model
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MasudIbne756
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