Are you a startup founder ready to turn innovative ideas into reality? Or do you already have a solid business and are seeking new growth points? Regardless of your stage, a deep understanding of your core business model is the cornerstone of success.

The 'end' of a business plan is not the conclusion. As some argue, clarity of the business model is more crucial. Although the definition of a business model is still evolving, its importance cannot be ignored.

Entrepreneurs often come up with new ideas but are eager to develop products, neglecting: 1) a careful assessment of whether market conditions are suitable, and, if conditions are ripe...