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The components of a business model

Monday, December 18th, 2017

As we discussed in our last post, a business model is a blueprint for the business, outlining how you’re going to run your business, and how you’re going to make money. It’s made up of five elements: Business concept Value chain position Calculating customer value Revenue sources and cost drivers Competitive advantage Let’s take a closer […]

The difference between a business model and a business plan

Saturday, December 9th, 2017

When you’re getting ready to start your small business, you want to create as solid a foundation as you can – and that involves education and planning. You might have heard that you should start with a business plan, or a business model. That’s great! But what are they, exactly, and how are they different […]

From the archives: Why a business model is so important

Saturday, January 2nd, 2016

Your business model is the roadmap for small business success. It helps you figure out all aspects of your small business from your costs to your distribution model to the value you’re providing for customers.

Are you a business accelerator?

Saturday, March 12th, 2011

What happens when your original business concept doesn’t turn into the business you have now? Well, sometimes, great things!

What’s the secret for writing a business plan? There isn’t one

Saturday, February 12th, 2011

Get all the goods on writing an amazing business plan.

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