Designing a new business is not an exact science and there is no one template or approach that will work for business or digital ecosystem modeling. However, there are best practices and guidance that you may want to consider. Overtime you will need to adapt the approach you take so that it is best suited to your organization but for now if you do follow these guidelines you will be on the way to modeling your business ecosystem. It takes a collaborative and iterative approach to define and design a business model and digital ecosystem. Start with the information that you know; focus on the key stakeholders and start to identify their customer segments, partners, the drivers and the value propositions. The present study accounts for the theoretical framework of the Digital Ecosystems in the business context.