Understanding and developing business models


An important element of business launch is a business model, which particularly due to constant change is a prerequisite for the success of an enterprise. Unfortunately, not many entrepreneurs-to-be grasp the power of business models and do not seem pay enough attention to this stage of company creation. It is estimated that the percentage of people who wish to be self-employed is still significantly lower in Europe than in the US and China (European Commission, 2013), and only 50% of European start-ups survive the first five years (EIM Business and Policy Research, 2011). A common reason for that, apart from insufficient funding and support, is the lack of a well-designed business model, or sticking to the same business model for too long, which makes it impossible to adjust to the changes coming with market globalisation. Therefore, it is important to provide future entrepreneurs with an easy and helpful business model compendium. This is where the ProBM project comes in. The project focuses more on encouraging people to become entrepreneurs and making it easier for them to start a business, which is directly related to the provisions of the Entrepreneurship Action Plan of 2013. The project will focus only on the aspect of designing and implementing business models, not on a wider scope of entrepreneurship.

The ProBM project strives to provide a common ground for the exchange of experience and know-how between different types of organisations involved in adult and entrepreneurship education, and to develop a network for transnational cooperation. The project focuses on entrepreneurship education, and thus addresses one of the eight key competences as specified in European Council Recommendation no 2006/962/EC, i.e. sense of initiative and entrepreneurship.

  • Full title: ProBM - Understanding and developing business models
  • Start: 2016-09-01
  • Finish: 2018-08-31
  • Programme: ERASMUS+
  • Sub-Programme: Key Action 2 – Strategic Partnerships
  • Website:


Instytut Technologii Eksploatacji – Państwowy Instytut Badawczy, Poland

Institute of Entrepreneurship Development, Greece

Training 2000 psc, Italy


GLAFKA s.r.o., Czech Republic

This project has been funded with support from the European Commission.
This publication reflects the views only of the author, and the Commission cannot be held responsible for any use which may be made of the information contained therein.