You have a lot of choices to make when starting a business. In addition to deciding what products to sell and how to market them, one of your biggest questions to answer is: What business model will be best to pursue?
There’s not one right answer to that question—there are pros and cons to each business model. Depending on your product, market, and cost structure, one type may be more suitable for your business than the others.
Ahead, get a high-level breakdown of those many different business model options. Once you understand each type of business model, you’ll be able to make the most informed decision about how to structure your small business.
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What is abusiness model?
A business model is a company’s core framework for operating profitably and…
