Your business model is how you intend to make a profit.
A business model is an integrated set of strategies that work together to solve a person's problem, satisfy a want or need, AT A PROFIT!
Strategies must include:
- A vision for your business
- A purpose of your business
- Your target markets/customers
- The problems your products/services are designed to solve
- Your method of delivery
- Your financial model
- How to achieve positive cash flow
- Your strategic competitive advantage
- The key resources required to run your business
If you're not making a profit or enough profit, review your business model.
Simply Business Australia
M/ 0419 834 678