For many entrepreneurs, trying to find the right business model is a challenge. Many types of business models can help them reach their business goals. However, not all business models work well with all types of businesses.
One model that can be very successful is the Focused Business Model. This model can be particularly tricky for some businesses to maintain while others may be able to successfully use this model for a sustained duration.
Let’s examine this model and what makes it work well for some businesses and what makes it challenging for others.
Understanding the Focused Business Model
The Focused Business Model (FBM) represents a strategic approach where a company decides to concentrate its resources and efforts on a narrow market segment or a specific product line.
Continue reading Understanding the Focused Business Model at StartUp Mindset.
https://startupmindset.com/focused-business-model/
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