Success has its own pattern; failure has its own problem. The successful business model must meet all the necessary conditions; while the failed business model only needs to violate one of them. Where there is a company, there is a business model. Let's analyze and discuss different aspects of the business model, including profit mode, cost structure, scalability, barriers, and scale effect, key resources, and stakeholders. The analysis will be based on specific cases and highlight the key points in each instance.