This document discusses business models for arts organizations. It begins by asking what a business model is, and provides definitions from experts that describe a business model as the rationale for how an organization creates and delivers value. It also describes a business model as an intentional arrangement of resources. The document then discusses four common problems organizations face - obtaining capital, facilitating exchanges, connecting with audiences, and achieving net revenue. It argues that organizations should focus on solving problems, not just relying on particular tools, and provides several examples of how arts organizations have addressed these problems through their business models.