Business Models and Pricing

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What is this lesson is about?

Businesses don’t make money on their own! In order to ensure you make profit, you must have a smart business model. One which fits your product, market, and costs. Which takes advantage of your strengths and accounts for your weaknesses. How do you come up with such a business plan? And if you already have a plan in place, how do you finetune it so that it’s even more perfect? 

In this lesson, you’ll meet Bob the Baker. You’ll watch how his business grows from a simple bakery to a serious money making machine. And all thanks to his advanced understanding of business models...

In this lesson, we’ll learn:
• How different business models work
• How your business model must account for your costs
• Different types of costs and how they fit into the picture


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