Develop a viable business model
You have a great idea, and are convinced that it is worthwhile. But a good idea is not enough for a successful business model. Here you go from an initial idea to an attractive product and a business model that has potential.Add to my I want tos
In three steps you can turn your idea into a business model with potential. As a first step, define your idea as a product or service that fullfills the needs of potential customers. What pains does it take away and what gains does it deliver to customers? This is the basis for developing your business model in the second step. In the third step, estimate your expected costs and revenues and see if your idea is going to be profitable. This will give you an indication of the viability of your idea.
Case: Start-up company develops its business
SecondCoach is a start-up company. One of the founding members is a young football coach, who got th...