You can be on Entrepreneur’s cover!

How do I establish a good business model?

By Tim Berry

entrepreneur daily

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.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

This Insurance Agent Started a Side Hustle Inspired By Nostalgia for His Home State — Now It Earns Nearly $40,000 a Month

After moving to New York City, Danny Trejo started a business to stay in touch with his roots — literally.

Business News

Side Hustles Are Soaring as Entrepreneurs Start Businesses Working Part- or Full-Time Elsewhere, According to a New Report

The younger the entrepreneur, the more likely they were to start a business as a side hustle.

Business News

How to Identify and Address the Challenges of Excessive Business Growth

Growing too quickly can overwhelm even the best-run companies. Learn signs that growth has pushed past your limits and strategies for preparing infrastructure, team structure, and processes as you expand your business in a balanced, sustainable way.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Scrabble Makes First Change to Its Board in Over 75 Years

The new roll out is only available in Europe as of now.

Starting a Business

How to Start a Gift Basket Service

You've been complimented on your crafty and unique gifts for years. Turn your talent into a hot new business with a gift basket service.