on Jan 8, 2024 9:55:52 GMT -5
Post on Jan 8, 2024 9:55:52 GMT -5
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Blog Podcast How to Choose the Right Business Model for Your Startup Home Blog How to Choose the Right Business Model for Your Startup FedEx business model photo credit Mobile App Development Service guilhembertholet via photopin cc Lots of people talk about business models these days but what does it really mean When it comes to starting or planning for business success your model is essentially your decision about how you intend to add value which is another way of saying how you intend to make money. Business is a pretty simple thing really but I think people planning to start one or even those engaged in running one can over think it. Every business does basically four things Make stuff This might mean an actual product but it also includes making a determination about what markets to enter and how to innovate.
Market stuff Whatever the business is meant to do it cant survive long unless people know about understand it and are motivated to buy from it. Deliver stuff This is where the real value exchange happens. the business must exchange what has been promised. Count stuff This is what most would call finance but to me it also includes measuring and analyzing all manner of data both tangible and intangible. The basic business models to consider Productservice A business can make and sell its own products and services. This is probably the most common approach. Evernote makes a great software product and distributes it through a free to upgrade approach.
Blog Podcast How to Choose the Right Business Model for Your Startup Home Blog How to Choose the Right Business Model for Your Startup FedEx business model photo credit Mobile App Development Service guilhembertholet via photopin cc Lots of people talk about business models these days but what does it really mean When it comes to starting or planning for business success your model is essentially your decision about how you intend to add value which is another way of saying how you intend to make money. Business is a pretty simple thing really but I think people planning to start one or even those engaged in running one can over think it. Every business does basically four things Make stuff This might mean an actual product but it also includes making a determination about what markets to enter and how to innovate.
Market stuff Whatever the business is meant to do it cant survive long unless people know about understand it and are motivated to buy from it. Deliver stuff This is where the real value exchange happens. the business must exchange what has been promised. Count stuff This is what most would call finance but to me it also includes measuring and analyzing all manner of data both tangible and intangible. The basic business models to consider Productservice A business can make and sell its own products and services. This is probably the most common approach. Evernote makes a great software product and distributes it through a free to upgrade approach.