Help to Build a Business Model: a business model defines how your new venture will generate revenue and make a profit. It explains what products or services the business plans to produce and market, and how it plans to do so, including what expenses it will incur.
It will include a rational description of the value proposition (why a customer should buy what you’re offering); it will be clear about what kind of relationships you expect to build with customers; who those customers are and the channels you’ll use to reach them; it will define both the cost structure involved and the revenue streams that will flow from them.
One thing is for sure—you will not get there in one sitting. The process will involve several iterations, and you’ll probably need help building a business model. There will be research to verify assumptions. It will involve may drafts and revisions. Best done with a team, particularly involving some kind of detached but committed feedback from a trusted adviser or mentor.
Reduce the Risk of Business Failure: get help building a business model
- Founder works with Will for creative energy;
- Business Model Canvas – deceptively simple graphic;
- Share with associates for synergy;
- Final draft built has gained strength.
There is some help readily available right here on Venture Founders: the Business Model Planner and the Business Model Canvas. Take a look—and don’t hesitate to seek my help with getting your final plan into shape.
If you have any questions…