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 […]

Are you ready to start a small business?

Monday, April 5th, 2010

At GoForth Institute, we know all too well that a great idea doesn’t always translate into a great business. If you’re thinking of starting a small business, here are some questions to ask yourself: How well do I handle risk? How do I cope with stress? Do I have the support of my family and […]

Why a business model is so important

Saturday, March 13th, 2010

So you’ve had your A-ha! Moment. You’ve come up with a great small business idea and are ready to start a small business. But, are you? Before you start your small business, you need to create a business model – your roadmap for small business success.  And no, a business model is not a business […]