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Startups might benefit from brave, new business models

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Recent technological developments – particularly the recent release of the iPad – make evident that the evolving digital world offers business owners countless opportunities to develop their small businesses. For entrepreneurs considering business formation, the new technology might also inspire innovative business plans.Entrepreneur Noel Llopis told Read Write Web – a small business resource forum – that smartphone applications were a game-changer for his business model. He created the application Flower Garden and watched his business bloom.

Flower Garden users plant seeds and watch their virtual flowers grow over time. The application lent itself to business evolution, making it easy for Llopis to strategically enhance his business model. By adding more features, like Facebook integration, he watched his sales grow.

Businesses in the startup phase might consider using digital models as they develop their business plans. New platforms for mobile application business models are constantly emerging, which could translate into endless applications for their products and services.

Entrepreneurs can learn more about how to incorporate an online business by visiting the Small Business Administration’s website or seeking a professional incorporation service.