What is a business model?
One of the most frequently mentioned buzzword now days after lean startup is business model. Why? The reason is simple, it explains the essence of a venture. The business model answers at least three questions: 1) Why is there a need for this business (what is the value proposition/offer for what market demand)? 2) What kind of business model will the business adopt; for what and from whom will it acquire its revenue? 3) How will the business operate?...
Business concept vs. Business Plan
For startups who need seed capital or private equity to launch or get up for speed a detailed business plan is must- most consultant or venture fund officers would suggest. However, entrepreneurs hate to write a concise business plan, most of the hate collect and analyze data, number crunching financial figures and charts.They like to outline their vision on a piece of paper or write it up on their smart phone. Asking them to define their business concept is less threatening...
FAQ
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