How Does One Go About Developing a Business Model?
The business model is the engine that drives your company. It’s the cornerstone to any business plan. A good one will make instant sense to anyone who understands your particular industry. However, that’s no guaranty that they will invest. At the very least they will take you seriously if you have a credible business model. A good one should fit on the proverbial napkin. Now there are new tools emerging to help you formulate your business model. This one has been inspired by the recent book Business Model Generation.
Watch the video here on business model generation first.
Then start a business model canvass for your project.
You can also print out the canvas and use post-it sticky notes. Download it from here.
You can find more reading on business models on the main site.