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Authors Michael Sutyak

7 days 30 days All time Recent Popular
Michael Sutyak
Michael Sutyak
@msutyak
There are few things as important as a business model when setting up a company. In many ways, more important than the product itself.

Because of that, I give it a lot of thought (both for my own projects and my clients). A thread. πŸ‘‡

1/ πŸ“Š I looked at data provided by @GrowjoUS in order to determine which companies grew the fastest in 2020 and their predictions of the world’s fastest growing companies for 2021. @GrowjoUS used different growth indicators to compile the list.

2/ πŸ”¬ I looked at the top 80 by the ranking criteria that @GrowjoUS used.

Then I layered on my own assessment of their respective business models. Here are are the main takeaways.

3/ πŸ’‘

1. πŸ’Έ The most prominent business model on the top growth list was SaaS (either freemium, or in combination with another business model like insurance).
2. 🎩 Subscription hardware and B2B2C are examples of fairly new business models making their marks in terms of growth..

4/

3. πŸ‘΄ Traditional business models like wholesalers and providers of financial services were underpinning products built with new technologies
4. πŸ’³ On the financial services front - spread businesses and credit card/debit card models were prominent
...
BUSINESS MODELS
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