One foundational element that has a lot of influence on a company’s track is the business model it adopts. This is not a mere strategy or operational plan. A business model is a blueprint that determines a company’s core identity and competitiveness. The choice of a business model is therefore critical for entrepreneurs.
A business model provides a comprehensive representation of a company’s business logic, explaining how it operates, creates, delivers, and captures value.
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from StartUp Mindset https://startupmindset.com/why-business-models-are-important-to-understand/
Austin Rotter 