Embarking on a startup journey? Your idea is just the start! You need a roadmap and a treasure map – your Business Model and Revenue Model.
๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐จ๐๐๐ฅ: This is your roadmap. It outlines how your startup operates, makes money, and achieves its goals. Itโs your strategy to deliver value better than your competitors. Itโs what makes investors take notice!
๐๐๐ฏ๐๐ง๐ฎ๐ ๐๐จ๐๐๐ฅ: This is your treasure map. Itโs your plan for generating income, identifying where the revenue will come from, the product price, the target customer base, and projected sales. Itโs the key to attracting investors by showcasing your startupโs profitability potential.
Remember, the most successful startups are those that can adapt their business and revenue models in response to market changes or new opportunities. So, keep updating these models as your business grows.
#Startups #BusinessModel #RevenueModel #Investment101 #Entrepreneurship #PVC
