Now I don’t know a great deal about business the way MBAs do. But I know a thing or two about startups. So I’ll tell you what a business model is.
Against the backdrop of the thousands of articles that pore over what a business model is, here’s what is simplest to understand.
- Who will pay?
- How much?
- How many of them are there?
- How often will they pay?
- For how long?
I’m super-tempted to attach jargon like customer-segment, market, retention, blah blah to each of the items above. But I won’t. That’s the whole point.