Wednesday, April 1, 2015

How to Define Your Business Model

"What's your business model?" = "How do you plan to make money?"
Behind this question is a lineup of other questions:
  • Who's your target customer?
  • What customer problem or challenge do you solve?
  • What value do you deliver?
  • How will you reach, acquire, and keep customers?
  • How will you define and differentiate your offering?
  • How will you generate revenue?
  • What's your cost structure?
  • What's your profit margin?

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