Business Model Planning
A business model describes how an organization creates, delivers, and captures value, in economic, social, cultural or other contexts.
Your business model is how you actually do business, whereas, a business plan is how you intend to do business and may be a required document when you are seeking capital. They serve different purposes, but both allow you to think about the business in its entirety.
It’s important to review your business model frequently as you want to be the most successful that you can. There are several tools available to help you develop and monitor your business model and the resources listed on this page illustrate just a sampling of all the different approaches and resources that exist. There is no right or wrong tool, use the one that works for you! Here is a an HBR article that references several business model philosophies.
Contact Meredith Westfahl to learn more about entering the Cherokee Strip Business Model Competition, utilizing the co-working space or applying to become a tenant in the Strate Center incubator.