Creaft A Perfect Business Model

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(No Transcript)
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Introduction

• A business model is a plan or strategy used by an
  entrepreneur to achieve profit and make the
  business successful. Many people get confused
  between a business model and a business plan. A
  business plan is a part of a business model. A
  business model includes components like target
  market, target customers, investors, competitors,
  business plan, revenue streams, core values,
  resources, etc. Nowadays, there are many existing
  business models to choose from. Many companies
  prefer to adopt an existing business model,
  whereas some businesses innovate their own
  business models.

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How to Craft a Perfect Business Model

• Before starting a business or entering into a new
  venture, it is necessary to craft a business
  model. A business model helps the company to
  achieve its vision by analyzing the problem and
  solution. It is very important to craft a perfect
  business model to achieve the desired goals. It
  also helps to understand the customers
  requirement and how to fulfill them. In this
  post, we will enumerate how to craft a perfect
  business model. Given below are all the essential
  components and steps you need to focus on.

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Reason Behind Starting the Business

• This is the essential component of a business
  model. It generally includes a problem and
  solution. The problem statement consists of the
  issues faced by the target customers. The
  solution statement includes how this business
  will be able to solve this problem (providing
  product and services). Nowadays, most businesses
  are using blockchain technology and crypto market
  platforms to launch their business. With
  crowdfunding techniques like ICO, IEO and STO,
  more and more businesses are using crypto and
  blockchain models. These models use tokens to
  generate profit. These businesses are based on
  cryptocurrencies. Here are some reasons behind
  choosing the crypto field for business.
• Digital Everything is digital. It uses the
  internet to send, receive, store and process
  information. There is no lengthy process and use
  of paper.
• Decentralized It is the core feature of
  blockchain. A central authority does not own the
  data. Everyone who is on the blockchain network
  can share the data. It also eliminates the
  middleman.
• Transparent The transactions are highly
  transparent. Although you wont be able to know
  the name of the party, all the transactions
  details are recorded.
• Immutable Nobody can tamper with the blockchain
  data. Once the data or information is recorded in
  the blockchain network, it cannot be changed. It
  ensures security.

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Reason Behind Starting the Business

• Impact of the business This component includes
  what impact the business in trying to create on
  the target customers. In a crypto business, the
  company will need to focus on the specialty of
  its products and services. The crypto business
  has a huge impact on the target audience because
  of the benefits of using the blockchain network.
  The business has to highlight the impacts that it
  is planning to create in the crypto market.

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Technology Build Up

• Companies mostly adopt utility token model for
  their business. The utility is the total
  satisfaction received by the customer. Companies
  use token to function their business. Common
  examples of utility token models are Ripple and
  Stellar. The funds can be transferred using
  tokens. Three main properties of these tokens are
  Role, Features and Purpose. The company has to
  create a token for their business with specific
  features and properties which will play a
  significant role in functioning their business.
• Competitors This component will highlight
  business competitors. In a crypto market, there
  are lots of competitors. You have to plan the
  business model in such a way that your products
  and services will be better than others.
• Target market It will include the target market
  the business will focus. Different business has
  different target markets. If your business is
  into real estate, your target market will be the
  real estate market.
• Five-year business plan Earlier people used to
  only focus on the whitepaper to plan their
  business, but now due to rising competition in
  the market, they need to prepare a complete
  business plan for their project. Business
  organizations have to prepare a five-year
  business plan to lure investors. There are
  various components of a business plan.

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Technology Build Up

• Executive summary It highlights the position of
  the business and what the business needs to do to
  achieve the results. It also includes the
  innovative features of the business.
• Business description It includes a detailed
  business description. All the important
  information about the business is mentioned here
  for investors to read.
• Market It includes analysis of the market, where
  the business will focus. It helps the business to
  know its competitors and what advantage and
  disadvantages they have in the market.
• Competitive advantage Here, the business needs
  to highlight its superior technology and services
  compared to others. It includes those features
  which your business have and others dont.
• Management team Details about the team managing
  the business should be included. Information
  about the core team, developers and advisors
  should be highlighted.

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Technology Build Up

• Token mechanics In this section, you have to
  mention details about your token, i.e. how the
  token will work, the supply of token, expected
  token value, etc.
• User adoption This section will provide details
  about expected user adoption and what the
  business needs to do to increase users.
• Funding and financial projections This section
  includes details about acquiring funds for the
  business. The major source of financing is
  venture capitalist, Self-funding and token sales.
  It also includes financial projections, i.e. the
  future of the company.
• Investors deck This component of a business
  model includes all the details sent to the
  investor to persuade them to invest in the
  business. It is like a brochure or proposal sent
  to investors to invest in the business.

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Technology Build Up

• These are all the components of a business model.
  By including these components and some extra
  features, you can craft a perfect business model.
  Every business using ICO, IEO and STO platform
  has to prepare a business model first. To develop
  a business model and launch their business, they
  can avail professional services. Many
  professional companies provide services like IEO
  Development services, ICO Development services
  and STO Development Services. These companies are
  experienced in developing and launching crypto
  projects. They also provide expert services
  like IEO Launch services to start an IEO project.
  They also specialize in ICO software
  development which helps to manage your own ICO.
  These companies also provide consultation
  services like STO Consulting Services. If you
  plan to establish your own business using any of
  the above platforms, you can approach this
  development and consulting companies for help.
  They will also guide you through crafting a
  perfect business model for your project.

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Thank You
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