A business model is a company's plan for generating revenue and making a profit for the organisation. It is the first thing that comes in mind for every business entrepreneur. It is a framework for creating value in the competitive market by knowing your potential customers and reaching them effectively. There are many different types of business models that an entrepreneur can make for the effective functioning of the business. Watch the video to glimpse the different types of business models. Aspiring entrepreneurs who are starting up or have purchased one of the existing businesses for sale Perth can choose from any widely accepted business models to succeed. www.business2sell.com.au/blogs/evaluation/what-is-a-business-model-with-types-and-examples