A business model template is simply a model that explains how a business will work accurately as well as generate profits. It describes the natural process in which a business creates products and delivers services to its customers in such a manner that it earns profit. A business model is a detailed procedure that is used as an example to explain the working landmarks of a business. Well, we can also call it a dimensional representation of business that spells out the structure of business along with all the proposed policies and laws that are valid within the limitations of business. Usually, an efficient business model covers all essential information of a business, such as business expenditures, revenues, operating strategies, company’s structure, marketing strategies and promotional activities. Moreover, it also includes day-to-day functionality to achieve the target growth rate during the initial year. Importance of Business Model: A business model example usually outlines all the factors of the business which are relevant to the business operations. By following this model, you can focus on the business goals, but it is very important that it should be reviewed as well as updated on a regular basis to deal successfully with economic