Another way to think about it is the success of Uber. It introduced a new business model with a low cost of entry that allowed anyone to be a taxi driver (vs. paying hundred of thousands of dollars for a taxi medallion).
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An ideal business model has network effects, low marginal costs, and scale economies.
Scale economies: the more you produce, the cheaper it gets. This builds up an automatic barrier to entry against competition and getting commoditized.
Technology products especially, and m...
A common mistake companies make in their business model is that they often underestimate the costs of funding the business until it becomes profitable.
Many analysts believe that companies that run on the best business models can run themselves.
The One Person Business model is creating content online. Not the way you think.
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