A business model helps to answer the question: how do you plan to make money? Behind that question are 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?