new trand in business model

May 29th, 2015
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Academy of Art University
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Defining Your Business Model A business model isn't something you build from the ground up. When management-types ask about a business model — as in, "So what's your business model?" — they really want an answer to a much more direct and basic question: "How do you plan to make money?"

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Defining Your Business ModelA business model isn't something you build from the ground up. When management-types ask about a business model - as in, "So what's your business model?" - they really want an answer to a much more direct and basic question: "How do you plan to make money?"Behind that question is a lineup of 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?During the 1990s, when the business world was buzzing with talk about a new economy and new business rules, people - even business gurus - seemed to forget the part about making money, and businesspeople sidelined the use of business models. But when the dot-com boom began to bust, suddenly everybody started asking about business models again.Staying in the blackSooner rather than later in the business-planning process, you need to invest a good chunk of time delving into the nitty-gritty details of your company's finances - your income statements, balance sheets, cash flow, budgeting, and all the details that can make or break your company's future. At this point, however, your assignment is way more basic: Figure out where the money will come from. Who will pay? How much? How often? And what portion of every sale will make its way to your bottom line i

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