When prospective investors ask entrepreneurs, “What’s your business model?” they are not asking about all the cool features of a new product. Rather, they want to know who will buy the cool product plus how, when and how much they will pay. Be precise! Solve weaknesses wherever possible.
A business model is different than a business plan, though the objectives of both are closely related. A business model describes how revenues and profits flow to a company, ideally in ways that can outsmart competitors or lock down customers in innovative ways.
Next:Pro-forma Financial Statements Non-Disclosure Agreement (“NDA”)
Back to top
Recommended For You