Business Model Canvas
To understand how a business operates, creates, nurtures and captures value for a business in the market space, there is a need to have a business model. However, to better understand the structured and dynamic nature of a business model, it uses a business model canvas which is a business model tool that gives a clear picture of business model’s activities that leads to how business owners can make a profit with their business. Also, it is an essential competitive tool that helps bring value to customers. Below are the steps to consider when trying to create a business model canvas.
- Customer Segment
Who is our ideal customer?
2. Value Proposition
How do we meet the customers’ needs? What needs do we meet?
- Distribution Channel
How would our product/service get to the end customer? How do we reach the end customer?
- Customer Relationships
How do we bring value to customers?
- Revenue Streams
Where would the money come from?
- Resources
What assets do we need?
- Partners
How do we reach our goals? Who can help us reach our goals?
- Activities
What will be our daily task to reach our business goals?
- Cost Structure/Expenses
What will it cost us to reach our business goals?
To get started with a virtual assistant today, please click here
