What’s the difference between a business model and a business plan? It depends on who you ask. Business plan means a lot of different things to different people, and so does business model. I’ve complained occasionally about confusing terminology, but I guess it’s just the way things are. There are similar problems with strategic plan, annual plan, etc. What I really don’t like is people saying “don’t do a business plan; do a business model instead.” My favorite definition of the business model is the excellent book Business Model Generation, by…

