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  • 7 pages

How to choose a business model for your startup


How do you plan to make revenue from your business idea? Do you know which business model will be best?

A business model is a plan for the successful operation of a business, identifying sources of revenue, the intended customer base, products, and details of financing. From this definition we can deduce that there are critical elements of a business model which we need to consider if we want to use it for our business.

In this guide we look at:
- Five critical elements we need to consider when choosinga business model
- The four types of business models to consider
- Six aspects to consider when choosing a legal structure for your business

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