Tag: startup strategy
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Business Plan vs Business Model A Small Entrepreneur’s Guide
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A business plan and a business model are often thrown around in the same conversation, but they serve completely different purposes for a small business. It boils down to this: your business model is your strategy for how you'll make money, while your business plan is your roadmap for actually doing it. For a small…
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Business Model vs Business Plan: What’s the Difference for Small Business?
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It's easy to see why small business owners use 'business model' and 'business plan' interchangeably. On the surface, they sound similar, but in reality, they play two completely different roles in getting a small business off the ground. Getting this right is crucial for any entrepreneur. Your business model is the core logic of your…