In business, what does "asset-light business model" mean?

Native speaker’s answer
Rebecca
An "asset-light business model" is a type of business that requires less or not much capital expenditure to start and keep it running. Fewer funds to operate the business. Ex: By starting a remote company, we already know that it'll be asset-light since we won't have to fund office spaces. Ex: We need to reframe the business model to be asset-light.