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How do I establish a good business model?

By Tim Berry Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

I am in the process of opening a spa. My partner and I have budgets, cost, and operations covered with our respective expertise, but we lack business development experience and knowledge. Can someone provide us a list of topics to research?

Business model will depend on the type of business you are looking at starting. You can use the following resources to help you:


Small Business Development Center in your area


www.sba.gov


Industry association


 

Tim Berry

Entrepreneur, Business Planner and Angel Investor

Tim Berry is the chairman of Eugene, Ore.-Palo Alto Software, which produces business-planning software. He founded Bplans.com and wrote The Plan-As-You-Go Business Plan, published by Entrepreneur Press. Berry is also a co-founder of HavePresence.com, a leader in a local angel-investment group and a judge of international business-plan competitions.

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