A manager from our city’s entrepreneurship association came down to deliver a presentation on the business model of a company. What is that? – Its actually common sense. She just identified key components of a business: the stakeholders, partners, and customers. For example, Dre Beat’s customers are typically young adults, into social media, fashion forward and listen to hip-hop, radio music. Their business partners comprise of manufacturing plants, licensing companies and deals with various artists.
It was quite simple and not very inspiring. I left midway through, after getting my fill of the food.
