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Why do you really need a Business Model Canvas

\"Many entrepreneurs throughout the world place a lot of emphasis on the technology, the product, and the design but never consider the business, or how the startups generate revenue by attracting clients.<br>The business management plan of an organisation should be presented using a Business Model Canvas or persona canvas. It is a tool for company that provides clarity, adaptability, and transparency.\

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Why do you really need a Business Model Canvas

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  1. WHY DO YOU REALLY NEED A BUSINESS MODEL CANVAS?

  2. INTRODUCTION A Business Model Canvas is a better way to represent an enterprise’s business plan. It is a business tool that offers focus, flexibility, and transparency. Business Model Canvas was initially proposed by Swiss entrepreneur and Strategyzer co-founder, Alexander Osterwalder. He elaborated on Business Model Canvas in his book “ Business Model Generation”.

  3. IN THIS PPT, WE WILL LOOK AT THE 9 CORE COMPONENTS OF A BUSINESS MODEL CANVAS. Customer Segments: The first block of the Business Canvas Model is about understanding who are the customers you’re delivering value to. Customer Segments define the groups of people or organizations you are targeting or serving. Value Proposition: The second block is a Value Proposition which is about the assurance of the value your business is delivering, which answers ‘why’ someone should choose you over your competitors. Channels: Channel describes how a company communicates with and reaches its customer segments to deliver its value proposition. It is important to understand which path (or channel) is best for your company to reach your customers.

  4. Customer Relationships: Customer Relationships describe the type of relationship a company establishes with its specific customer segments. Revenue Streams: Revenue streams refer to the sources out of which a company makes money by selling its product/service. And one should clearly describe how you will generate revenue from your value propositions. Key Activities: The next step is to define the key activities — the areas you need to be good at to create value for your customers.

  5. Key Resources: Key Resources describes the most important assets required to make a business model work. These can be things like your office, hosting requirements, human resources, financial, transportation, electricity etc. Key Partners: Key partners are the external companies or suppliers that you would need to perform your key activities and deliver value to the customers. Cost Structure: The final step of the Business Model Canvas is about the cost estimation, the total cost to run your business model. It defines all the costs and expenses that your business will incur while operating the business model.

  6. THANK YOU Contact Us hello@prodeasy.com https://www.prodeasy.com/

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