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Thinking about a start-up involves understanding how to organize the company efficiently, which can be achieved through a business model. A business model defines how a company creates value for itself while delivering products or services to its customers. Traditionally, companies were organized by functional departments, like sales or engineering, represented in an organizational chart. However, a more effective approach is to use a different diagram that encompasses all components of a business. This involves analyzing nine essential elements that apply to any company, regardless of size, from large corporations to small start-ups.
