It is a blueprint for how your company will make money. What is a Business Model?Ī business model is a set of systematic ways to create, deliver, and capture value. This section will provide you with all the necessary information about what a business model is and how to create one for your validated startup idea. Additionally, it can assist you in estimating the amount of money required for starting up and determining if the company is worth the investment. Introduction: Getting Started with a Startup Idea & Why You Need a Business Model?Ī business model can help you define your ideas regarding who will purchase your product, how they will pay for it, and what features they desire. You might have a great idea, but not know how to turn it into a profitable venture. Starting your own business can be exciting, but also terrifying.
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