When you are asked about a business model — as in, "So what's your business model?" —it is really much more direct and basic question: "How do you plan to make money?"
We are tapping into the current "Lean Start-up" trends to help our clients develop their business model. Below are articles and resources on Lean Start-up practices. To the right are some websites that help guide clients through the development of a business model.
Business Model DevelopmentSoftware Take a look at the tool below that can help you develop your business model. It is based on a "lean canvas" model and are useful for brainstorming who your customers are, how you will interact with them, what your costs will be and what your pricing will be. The brainstorming you do hear can be turned into parts of your business plan later.
This is a preliminary step that can be refined as you go along. The idea is to start to identify how the business will run and make money so some early research can help you decide if the business is feasible. Additional Lean Start-up resources are available here.