Business model

Business model,

Definition of Business model:

  1. Description of means and methods a firm employs to earn the revenue projected in its plans. It views the business as a system and answers the question, How are we going to make money to survive and grow?.

  2. A design for the successful operation of a business, identifying revenue sources, customer base, products, and details of financing.

How to use Business model in a sentence?

  1. When starting a new business, it is important to have a solid plan for your business model and some examples of other businesses that have succeeded with a similar model.
  2. Obtaining a business loan can be a difficult task, especially if you have a low credit score, so it is important to have a clear business model to present.
  3. The business model that the restaurant I run uses, is one of high customer volume and turning over the tables as quickly as possible.
  4. Many of the free sites have either shifted their business model or have gone out of business completely.

Meaning of Business model & Business model Definition