A business model is how a company creates, delivers, and captures value. It is a detailed description of how a company generates revenue, defines its cost structure, and delivers its product or service to market. A business model can be visualized as a representation of the fundamental logic of how a company creates and delivers value to its customers.
A business model describes how a company operates and how it relates to customers, suppliers, and other key players. It can also include details about the structure of the company, its value chain, its sources of income, and the costs associated with producing and delivering your product or service. In short, a business model is an essential tool for any company that wants to succeed, as it allows you to understand how your company creates value and how you can improve its performance.