Business Model Canvas
The Canvas business model has become very popular over the last decade. It is a template that helps entrepreneurs to develop and think about their business idea. The visual capacity of the model is very high.
The template is divided in nine different sections:
- Value proposition.
This section describes the value generated by the business.
- Key partners
- Key activities
- Key resources
Sections 2, 3 and 4 gather the key elements to be able to provide value to the business.
- Customer relationships
- Customer segments
Sections 5, 6, and 7 are related to the potential customers of the business and the relationship that could be established between the customer and the business.
8.- Cost structure 9.- Revenue streams
The two last sections refer to the financial structure of the business, specifically in the capacity to generate revenues and the costs required:
If you want to learn more in depth, we suggest you read an article on the subject Business Model Canvas, at Wikipedia.