How to define solid business models that make money

1 George Frederick Plaza,Woodbridge Township NJ 07095

31 May, 2022

Description

Discussion what is a business model, why is it important and why you should care. How do you define a new one or review an existing model? According to the SBA one third of businesses fail within the first two years and half within the first five. Chances of survival increases with the number of years the company is in business. So what is the magic wand or the secret formula? Ever since the dotcom bust, there has been a general distrust of hockey stick financial projections in business plans. Business models, on the other hand, seem to be better grounded in reality. Though having one does not guarantee success, not having one is a recipe for failure. Deciding which model is best for your business needs careful consideration. You also need an open mind while implementing it. Agenda: Introductions and networking 6:30 - 7:00 pmPresentation / discussion on Business Models 7:00 - 7:45 pmGroup photo and book give away 7:45 - 8:00 pmYou are welcome to hang out and network till the library closes at 9:00 pmPlease bring your business cards, flyers and promotional material for the display table. The Library will sponsor a book giveaway.