Business: Startup to IPO

Every Plan Needs a Model!


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My favorite tool when looking at the business model is, The Business Model Canvas. For now, we’ll just cover the key points discussed in developing a business model for your business plan.

Your business model should include the following;

  • How you’re going to make money
  • How you’re going to spend money
    1. Cost of Sales (production)
    2. Sales and Marketing Expenses
    3. Services Required
    4. Personnel Costs
    5. Admin and Overhead

Business-Model-Canvas

Essentially, you need to understand if you can make money. Test out your sales/marketing plan and give it about nine months to kick-in and give you something of a return. As is that case with entrepreneurs, we tend to underestimate how long it will take for our dreams, ventures, and projects to come to fruition.

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