The business model canvas
Share this post
In this video, Wiebke will go through the business model canvas. You will learn what the nine different building blocks contain and how you can work with them.
Discussion
Before moving on, how can the business model canvas be helpful for you? Give examples and put your thoughts in the comments section below.
Keywords:
Business model canvas: It’s a canvas that describes the rationale of how an organization creates, delivers and captures value.
Value proposition: All the products and services you offer
Customer segment: Who are your customers
Channels: The avenues through which your customer comes into contact with your business and becomes part of your sales cycle
Customer relationship: How a business interacts with its customers
Key resources: What practical resources are needed to achieve the key activities (actions) of the business?
Key activities: The Key Activities of your business/product are the actions that your business undertakes to achieve the value proposition for your customer
Key partners: Key Partners are a list of other external companies/suppliers/parties you may need to achieve your key activities and deliver value to the customer
Cost structures: Your business cost structure is defined as the monetary cost of operating as a business.
Revenue streams: The way by which your business converts your Value Proposition or solution to the customer’s problem into financial gain
Share this post
Demystifying Business Models for New Entrepreneurs

Demystifying Business Models for New Entrepreneurs

Reach your personal and professional goals
Unlock access to hundreds of expert online courses and degrees from top universities and educators to gain accredited qualifications and professional CV-building certificates.
Join over 18 million learners to launch, switch or build upon your career, all at your own pace, across a wide range of topic areas.
Register to receive updates
-
Create an account to receive our newsletter, course recommendations and promotions.
Register for free