Business model for farming
A business model describes the rationale of who an organization creates, delivers, and captures value. It is consist of nine basic building blocks.
Adapted from: Osterwalder, Business Model Generation, 2009
An Idea, risk-taking ability, vision and mission when come together with an objective of serving needs and making profit, then to justify the feasibility of all these factors, need of a Business Model emerges.
Business model is a description of means and methods a firm employs to earn the revenue projected in its plans. It views the business as a system and answers the question, "How are we going to make money to survive and grow?"
When starting a new business, it is important to have a solid plan for your business model and some examples of other businesses that have succeeded with a similar model.
The business model is the mechanism through which an organization creates its profit while the business plan is a document presenting the company's strategy and expected financial performance for the years to come.