Business model is an encompassing term which layouts the whole model of generating revenue for a startup. It captures things from costs, profits, customer value, and aspects of product which are going to be a differentiating factor from other competitions in the market. Either it’s an app, a website, or any other online business for which you are creating digital products it would remain operational only on the foundation of an effective business model plan. Having an idea was the beginning, to capitalize on it for business development you need to have a sound plan to attract investors, and its marketing to the targeted customer.
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