Business Model
Business without a business model is like flying over a mountain without a flight plan and GPS.
Our Approach is Simple
Business Model
The term "business model" is currently used for various business processes in the research and business community. We believe that three variables in the model, revenues, costs, and profits, are critical for the company's survival. We use the three elements of the quantitative business model in developing a conceptual business model. We use a simplified framework for developing a business model that involves a three-step process and includes profit motives for all the participants in the business. Our focus is on three questions of the business model: (1) How will revenues be generated? (2) How will the costs and expenses be managed? (3) How will profits be generated? The three-step model can be used for small, medium, and large businesses in developed, underdeveloped, and emerging economies.
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