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Business Model Alchemist

Business Model Alchemist

The Australian Centre for Social Innovation » The Australian Centre for Social Innovation One Penny - Make Your Idea Come True! Eight Models of Business Models, & Why They're Important The term Business Model is one that gets thrown around a lot these days. Even though it might sound like a buzzword to you, it’s important to understand what a business model is, and how they are useful. One of the confusing things about the business model concept is that there are a wide variety of models of business models, and it seems as though everyone that talks about them makes up a new one. This can be frustrating if you are trying to figure out how to use the concept. At their core, all business models address this questions: how do we sustainably deliver value to our customers? In a special issue of the journal Long Range Planning, Charles Baden-Fuller and Mary Morgan say that business models can serve three different purposes. More recently, Steve Blank has added another use – he says that business models are hypotheses about how your organisation might be able to create value for customers (see my discussion of this here). Business models are important. Tim Kastelle

Make It Business | Small Business & Entrepreneurs Magazine Seed-DB Strategyzer: Your Business Model Toolbox Business Plan Service – Business ConsultingPana Consultant Turn a Business Idea into a Validated Business Model in 8 Weeks

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