Business modeling is about finding out how your idea creates, delivers and captures value? Your business model should answer the following questions:

• What are the key activities and resources and who are the partners that your value proposition require?
• What value do you deliver to the customer and who is the customer?
• What type of relationships will you establish and maintain with your customers?
• Through which channels will you reach your customers?
• What is the cost structure and revenue stream behind your business?

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