As I work my own schedule through, I thought it would be interested in what I've been immersed in doing in the last fortnight. Very interestingly, its just up the alley for the entrepreneur series of this blog. You guessed it. Business Model Generation.
Perhaps the most thrown around phrase in the strategic management aisles. It is basically the method by which you determine the economic viability of the business; whether it creates a sustainable model or whether it's mission is to create money.
Let us elucidate some basic elements of what make business model a sound proposition.
a. Does your business model address a gap in the market? The gap may be a gaping requirement or a small simple process that increases the efficiency and ease with with a user conducts his life or business; as long as the gap is addressed in…