Two people can have the exact same business idea.

But it’s the person with a better business model who will likely succeed.

That’s why business models are so powerful.

But what exactly is a business model?

What does it mean?

Here is a good example:

Apple

This month, Apple became the first company in the world to be worth more than $2 trillion.

Yes, that’s TRILLION.

Apple is a successful company because of the gadgets it sells — iPhones, iPads, iMacs, etc.

But guess what…

Apple doesn’t own a single factory that makes phones or gadgets.

It’s part of Apple’s business model.

And that’s what makes a good business model so powerful.

Every business model has 3 important parts

In this week’s episode of the Smallstarter Business Podcast, I explain each of the 3 parts that make a successful business model.

By changing at least one of these 3 parts, you can create a unique advantage for your business.

Your business model affects how efficiently your business operates.

Your business model affects how much profits your business can make.

You’re going to learn a lot from this episode.

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