500 ideas and business model

500 ways to make money in Africa and business model

You have certainly already found yourself at work, or at home, telling yourself that you would like to open a business and start your own business, unfortunately, it is not all to want it, you also have to have the ideas!

This application of 500 business ideas in Africa and business fashion was created with one and only one goal, to allow you to select the idea that you like the most, or to be inspired by it, then to make your dream come true. No need to search for hours for inspiration anymore.

You have in hand a collection of all the ideas, from the most traditional to the most original, which could well allow you to become independent.

Definition of the business model

The business model is the economic model of a company. This is the financial structure intended by a business in order to create wealth. It will take into account the inflow and outflow of money. The business model is the representation of a company's strategy for achieving revenue. It will therefore highlight the financial, technological and human resources enabling this objective to be achieved. It will also take over customers, partners, communication and marketing costs.

Definition of the business plan

The business plan is the business plan of a company. This is a quantified presentation document of the company's financial situation and its forecast activity. Its objective is to describe the business plan, to explain and to formalize the economic model.

Business model, business plan: the difference?

While the business plan is a forecast, the business model has a more concrete vocation because it establishes the economic functioning of the company. It will therefore be easier to modify a business plan than a business model.

What is the business model for?

The business model must make it possible to answer 3 questions:

What market is the company targeting?

How is the added value of the company obtained and at what price?

To whom and how much does the company sell its added value?

In addition, the objective of the business model is to validate the business plan. Indeed, it allows the entrepreneur to be sure that he has imagined a viable economic concept, that the product or service he offers will benefit from a potential market, and that this product or service will be able to stand out from the crowd. others. It also allows him to define the scope of his project, its management and its strategy.