9 Basic Tips of a Business Model

 

Don’t Start or Run your Business without a Business Model: 9 Basic Tips of a Business Model

People talk about Business plan a lot,  but Business plan is mostly needed by Investors  , but a business model is a must have for any startup or entrepreneur as it helps  create a road map, gives clarity and focus to your set goal  in a sustainable level by connecting all variables to work for you.

With a Business model, you can identify  the following 9 fundamental tips at a glance :

1.Key customers
2.Value proposition
3.Key partners
4.Key activities
5.Key resources
6.Channels of reaching customers
7.Customer relationship
8.Cost structure
9.Revenue stream

Understanding this will help you as an  entrepreneur to run your internal business affairs  on a daily basis and make you to achieve your overall goal.

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