๐๐ก Learn it as soon as you learn it! A super easy guide to understanding business thinking and business models!
๐ค What is Business Thinking?
Imagine you're selling snacks at the school canteen, and you find out that your classmates love spicy strips.
That's where business thinking begins: observe, discover a need, and then meet it!
๐ญ What is the business model?
Continuing with the example above, you decide to make your own spicy strips to sell.
Your production process, your pricing strategy, your sales approach, that's your business model.
๐ก Benefits of Business Thinking:
With a business mindset, you'll be able to spot business opportunities in your life like a detective, and then use your business model to make it happen and earn your first pot of gold!
๐ Construction of business models
Just like building blocks, you need to think about how to build them to be stable and tall. Business models include:
What you offer (products or services), who you give it to (target customers), how you make money (revenue streams), etc.
๐ฅ The importance of innovation
Imagine if your spicy strips were always a taste, and your classmates would soon get tired of it.
So, keep trying new flavors, that's innovation!
๐ Classification of business models
Just like different games have different rules, there are also different types of business models, such as the Internet model, the direct sales model, etc.
๐ The key to success
Business Mindset + Business Model = Success! It's like you have a good idea and you need a good plan to make it happen.
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