Listen to the latest 60 second episode of Integrity Moments with Rick Boxx
In this series, we are looking at what we can learn from entrepreneurs about restarting our businesses post-lockdown. A business model is “a representation of how an organization makes money.”
Startups focus on business models because they need to find a way to be profitable. The business model your company established long ago may now no longer work.
A business model can be summarized as: customers, channels, customer relationships, value proposition, what you have and do, partnerships, revenue, and expenses.
Revelation 3:17 warns us, “You say, ‘I am rich, have become wealthy, and have need of nothing’—and do not know that you are wretched, miserable, poor, blind, and naked—”
In the new reality, what aspects of your business model are hypotheses that need to be tested?
Today’s Integrity Moment was adapted with permission from the writings of Russ McGuire.
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