What is a business model? A business model is a strategy for your business. So to say, your rock-solid foundation. All strategic decisions will get taken based on your business model. This is the reason why you should take your time, do some market research, and make the decisions for the business model wisely. You can use for example canvas business model as a template. Here you find the questions you should ask yourself regarding all parts of your business, like the value proposition, the core capabilities, the target group, the key facts, your revenue model, and your cost structure.
It might be that you have different products, target groups, or several revenue models. In that case, you should create several combinations.
Our advice: Make sure, that you considered all relevant aspects in your plans, that you heeded all possible combinations, and that you don´t mix up the decisions.
Enclosed you find a checklist for your business model which you can download. | 
