According to your chapter 9 text, a revenue model is a key component of the business model and identifies how the company will earn income and generate profits.

Key questions include:

How much are my customers willing to pay?

How many customers do I need?

How much cash can be generated through sales?

If I have more than one revenue stream, how much does each stream contribute to the total?

Directions:

You may review your problem and solution you generated from your prior needs assessment exercise, and create a hypothetical entrepreneurial business solution for this exercise. Complete the following questions using a Word document, 12 point font, and use the question prompts as your sub-headings with the answer below each subheading.

1. How would you go about answering the questions listed above?
2. What methods would you use?
3. What resources would you need?