A Business Model is a story that describes how an organization creates value. It also helps recruit and retain talent, outlines the organization's short and long-term goals, and explains the assumptions that underpin the organization's strategy.

Business model is the story that explains how a company creates value. A business model describes the core activities and relationships in an organization. It describes the partners that help create and sell products and how the firm generates revenue after expenses. There are several examples of business models and resources for creating one. To begin, make a value proposition that differentiates your organization from competitors. This will help you determine how to attract customers and convert them into paying customers. Next, determine how you will generate profits.