In a business model document you describe your organisation in terms of its mission, means to reach this mission, the organisational structure required to accomplish this and a forecast of expenditures and income. It is essential that in particular emerging NRENs prepare such a document, as it is a key element in persuading current and prospective members and other stakeholders of what you wish to accomplish and how you envisage it can be done.
There is no 'standard' business model formula - each NREN needs to develop its own model, taking local circumstances into account and working in conjunction with key stakeholders. Often the process of developing the business model is more important than the business model itself, as the process itself creates a strong sense of ownership among NREN members and other stakeholders.
Additional information on how to develop a sound business model is available from the section 'Our approach'.