WHICH BUSINESS MODEL SUITS YOUR STARTUP?

Business startups don't fail because they lack products. They tend to fail because they lack right people, management, customers care and a profitable business model.

Business model describe how your business will create, deliver as well as capture value. Many start-up businesses tend to rely on luck, yet luck is not a business model. Others tend to claim that they have very good quality products. Right they are good. But, good quality product designs can't fix brocken business models and systems.

Are you planning to be an investor? Then the foundation key for your startup to last is to have a business model that embeds posterity.

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. There are many forms of business models that can be adopted as you create your business empire. A few are given below:

B2C, B2B, C2C, and B2G.

1) B2C= Business to Consumer. This is the business model where you choose to start a business that sells directly to consumers. Under B2C, you identify sources of revenue that that make you start a business intended to sell to customer directly. Eg selling cars to customers.

2) B2B= Business to Business This is a business model under which a business may sell goods and services to other businesses. For example your business may be selling computers to other businesses.

3) C2C= Consumers to Consumers. It is a business model under which individual consumers make products that can be sold to fellow consumers. You may be a member of the public deciding to sell a few local chicken to fellow members of the community to earn a living.

4) B2C= Business to Government model. Under this type of business, you may choose to sell your goods to the government. If you are connected well to the people in power, you may think of some services or goods you can sell to the government.

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