A Business Model is a plan of action to operate a business profitably, taking into consideration all of the costs, both known and projected, as well as various pricing models, market constraints and competition, and potential partnerships and funding sources.
We often help inventors and entrepreneurs assess whether their innovation is viable as a business, according to various strategies, and helping them course-correct if there is a more advantageous path forward than their current approach. This may include consideration of additional methods of value creation such as patenting or licensing technologies, comparing the efficacy of various go-to-market strategies, developing a cost-effective sales strategy, establishing a timeline for early stage operations, and ensuring that both their business and their technology are prepared for scale.