understand your business model, take the right step towards business success
We help you develop a business model for your enterprise, whether it is a startup or an existing business, using the Business Model Canvas to answer questions about your business.
1.What is the Business Model Canvas?
The Business Model Canvas is an easy to use visual framework for developing a business model. The Canvas covers nine key elements of a business model to be captured and discussed by asking a series of exploratory questions among a group of people working together.
2.Why conduct the Business Model Canvas?
The Business Model Canvas presents a quick way to evaluate all the aspects of a business. As thorough business planning process requires a huge investment of time and resources, the Canvas can be a quick fire way to ensure that you have a complete picture of your business without requiring extensive business expertise and time.
What does the Business Model Canvas cover?
1
Customer segments
For whom do we aim to create value? Who are our most important customers?
2
Value Propositions
What do we offer to whom? What value do we deliver to a customer in a given segment? What needs do we satisfy?
3
Channels
How do we reach each customer segment? What is easiest for the customer?
4
Customer Relationships
How do we build and maintain these? How do they fit effectively in both the customer’s world and our own?
5
Revenue Streams
For what will our customers pay? How much? How would they prefer to pay?
6
Key Resources
What resources are essential to deliver our Value Propositions through the Channels and maintain our Customer Relationships?
7
Key Activities
What are the most important things you must do to make your business work?
8
Key Partnership
Who are our Key Partners and why? What Key Resources do they provide and what Key Activities do they carry out? What’s in it for them? What relationship should we have?
9
Cost Structure
What costs are implied by our Business Model? Which are largest? What is fixed and what is variable? What drives them?