# Business Models **Domain:** Entrepreneurship / Economics **Doc Type:** Concept Node **Maturity:** Developed ## Definition **Business Models** is the architecture through which an organization creates value, delivers it to people, and receives enough support or revenue to continue operating. ## Mechanism and Practice A durable model aligns the mission with the method of support. Free knowledge, optional products, paid editions, services, advertising, and patronage can coexist when their incentives are explicit and the audience retains meaningful choice. ## Relationships - **Related concepts:** [[wiki/Entrepreneurship|Entrepreneurship]] · [[wiki/Capital Ownership|Capital Ownership]] · [[wiki/Behavioral Pricing|Behavioral Pricing]] ## Simple Reminders, Quotations, and Thoughts > “Knowledge can be shared freely while the business still thrives. An author can believe that education and spiritual insight should be widely available and still build a profitable enterprise around products, editions, and services. Generosity and commerce can coexist by design.” > **— Bryant McGill**, *Book Launch Strategy, Ethical Marketing, and Bestseller Lists - Livestream (Sep 2015)* [[reminders/Entrepreneurship/Generosity and Commerce Can Coexist by Design by Bryant McGill|Generosity and Commerce Can Coexist by Design by Bryant McGill]] > “Diversify revenue toward optional purchases. Advertising imposes itself on every visitor, while products let supporters choose to fund a mission. Moving from content revenue toward a well-made product line can sustain an organization more gracefully.” > **— Bryant McGill**, *Building a Community Platform for Durable Creative Work - Livestream (Aug 2016)* [[reminders/Entrepreneurship/Optional Purchases Can Sustain a Mission by Bryant McGill|Optional Purchases Can Sustain a Mission by Bryant McGill]]