Business model is nothing but, representing business logic of the company by which it makes profit. In simple words it the representation of how the company makes money.Your business model components can be described as follows:
1) Value Offer : The overall view of the bundle of products and services I offer.
2) Key Activities : The arrangement of the activities and resources I use to make and provide my products and services.
3) Partner Networks : The outside partners and alliances that help me make or sell my products or services.
4) Core Resources : The principal or unique repeatable capabilities I have for creating value for my customers.
5) Cost Structures : The sum of the monetary approaches and cost methods I use to run my business model.
6) Customer Relationships : How I keep what I make in sync with what my target customers want or need.
7) Target Customers : The customers I want to offer value to.
8) Distribution Channels : The means by which I deliver products and services to customers (including marketing and distribution strategies).
9) Revenue Streams : The various ways I price what my customers must pay for what I sell.
Business modelling is very essential to sustain one's business .
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