
Business model canvas explainedBusiness models are an important part of the business development process. Theyre not just about the bottom line, or a profit-and-loss statement. They are the process by which youre going to make money. Heres a quick example of a business model:The business model for a particular web development company is to create websites on a regular basis, with a minimum cost of $100 per website. This business model works for that particular company and its particular clients.