Business

Business Models Explained: How to Create a Business Model

Written by the MasterClass staff

Last updated: May 5, 2022 • 5 min read

Coming up with a business idea is only part of the work it takes to build a company. You’ll need to develop a business model, which allows you to outline key elements of your business strategy. Read on to learn about different types of business models—from franchising to subscription services—and how to make your own.