30/05/2025
May 30, 2025 | Read Online
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Quote of the Week
"If you're not embarrassed by the first version of your product, you've launched too late."
~Reid Hoffman, founder of LinkedIn
This Week’s Tip
Choosing the Right Business Model: The Entrepreneur’s First Step to Scale
Choosing your business model is the foundational decision that sets the trajectory for everything. If you get this wrong, no amount of hustle, marketing, or product tweaks will save you. You want to build a business that makes real money, scales, and lasts? You gotta nail your business model first.
Here’s the deal for new entrepreneurs and business owners: your business model is the blueprint for how you create, deliver, and capture value. It’s not just about what you sell — it’s about how you make money from it, who pays you, and how that money flows back to you.
Why the Business Model Matters More Than Your Product or Idea
I’ll be real with you — ideas are cheap. Everyone’s got ideas. Ex*****on matters, sure. But the way you structure your business is what multiplies your effort into cash flow. If your model is weak, your business will always be a struggle. If it’s strong, your growth compounds like crazy.
Choosing your model well means thinking about things like:
Who pays you? The customer, a sponsor, advertisers?
When do they pay? Upfront, subscription, per use?
What’s your cost structure? Fixed or variable?
How scalable is it? Can it grow without you trading time for money?
What’s your margin? Low margin means you need volume, high margin means you can focus on fewer customers.
Your business model is your leverage. The better it fits your strengths, market, and goals, the more you get for your effort.
Types of Business Models New Entrepreneurs Should Know
Here are some common business models with a quick pros and cons rundown:
Product Sales
