Let me put it simply, “A business model describes how your company makes money”. To make money you need an effective business model. To discover the best business model, try to understand the business models of the best companies. Take for instance Alibaba. So, what is Alibaba’s secret sauce? Alibaba Group has no inventory. Alibaba`s focus is to connect buyers with sellers. The value of Alibaba lies in the software interface, not in the products. Similarly try to find out the “secret sauce” of various companies like Airbnb, Hilti, IKEA etc. and choose the best one that is fit for your company.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath