<ul><li>A business model explains how a company creates, delivers, and captures value, while a business plan outlines a company's goals, strategies, and financial projections.</li><li>The business model focuses on revenue streams and operations, whereas the business plan covers all aspects of business strategy.</li><li>A well-defined business model helps understand the sustainability and profitability of a company, while a business plan secures funding and provides direction.</li><li>Both the revenue model and business plan are essential for building a sustainable and successful business.</li></ul>

Business Plan vs. Business Model: Key Differences & Importance

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