Identify Income Sources

A business has to generate sufficient income to cover its costs before it can make a profit. There are many sources of income, not just from the products and services that the business offers. As a general guide, the income sources available are:

 

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The 8-Step Approach

Pick Relevant Attributes

Generate New Ideas

Select Best Ideas

Identify Income Sources

Work Out Costs

Forecast the Revenue

Assess and Iterate

Invest and Launch