A business model explains to the reader what all the elements of your business are and how they fit together.  The business model, of outlined correctly can also make clear on a single page, what the business does, what its core cost based might be, what its products are and how it can earn revenue from its activity.

Business models are often not well described in business plans.  Many standard business planning templates do not even have a section where the business model can be outlined an...


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