Wednesday, November 26, 2008

Building a Million Dollar Business Part Time #14: How to Do a Business Model



The Hot Mommas Project has no business model. Is that wrong? Okay, maybe that is not totally true. We have 5 out of 6 parts of a business model. The clincher: We’re missing the economics. So, to rationalize this - I have decided there are two primary ways to look at business models. This can be summarized as:


A. What I teach my students at GW.

B. The “Because it would be cool” theory.


Image: The Hot Mommas Project is making CLOGS, but not the kind you think.


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