business idea
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business idea
A concept or plan for a new company that describes what product or service is to be offered and how money can be made with it.
Seine Geschäftsidee war es, personalisierte Handyhüllen online zu verkaufen.
His business idea was to sell personalized phone cases online.
The word is a clear compound made up of 'das Geschäft' (business), the linking -s, and 'die Idee' (idea). So it literally means an 'idea for a business'.
Hast du schon eine gute Geschäftsidee für deine Selbstständigkeit?
Do you already have a good business idea for becoming self-employed?
'Geschäftsidee' (business idea) is often used with verbs that describe the process from creation to realization: to 'haben' (have), 'entwickeln' (develop), 'präsentieren' (present) a business idea, and finally 'umsetzen' (implement) or 'verwirklichen' (realize) it.
Viele Leute haben gute Geschäftsideen, aber nur wenige setzen sie auch um.
Many people have good business ideas, but only a few actually implement them.
To evaluate a business idea, adjectives such as 'gut' (good), 'brillant' (brilliant), 'innovativ' (innovative), 'lukrativ' (lucrative), or 'erfolgreich' (successful) are often used.
Das war eine wirklich innovative Geschäftsidee.
That was a truly innovative business idea.
business model
Geschäftsidee initially describes the concept for a new business and its offering. Geschäftsmodell explains more precisely how the company creates value, reaches customers, and generates revenue. Geschäftsidee fits the basic plan, while Geschäftsmodell fits the specific economic logic.
Unsere Geschäftsidee ist ein Lieferdienst für regionale Lebensmittel.
Our business idea is a delivery service for regional food.
Unser Geschäftsmodell sieht vor, mit einem Lieferdienst für regionale Lebensmittel durch monatliche Abos Geld zu verdienen.
Our business model is to make money by offering a delivery service for regional food through monthly subscriptions.
