Tools for Entrepreneurs: Business Model Canvas

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The Business Model Canvas may look like a simple diagram, but it is one of the main tools for entrepreneurs and was responsible for creating a revolution in the way entrepreneurs and companies began to think about new businesses or new products.

Swiss consultant Alexander Osterwalder realized that it was necessary to create something that would encourage innovation, prototyping and co-creation of business models . Using design thinking concepts, Osterwalder took advantage of the social media co-creation trend and called on more than 200 consultants from around the world to help create and spread the tool.

The Business Model Canvas allows the entire business to be viewed on a single page, enabling the visualization of the “strategic fit” between the different areas of the business. This makes the process more fun and intuitive; just grab a pen and post-its to start scribbling and throwing your ideas on the canvas collectively.

Want to know more about the Business Model Canvas and peru phone number lead how to use it in your business? Read the article to the end and download this and other tools for entrepreneurs for free.

Inside the Business Model Canvas
The Business Model Canvas is divided into nine quadrants. You can answer them in any order you like, but we've put them in the order that we think makes the most sense and will be easiest to answer.

Tools for Entrepreneurs: Business Model Canvas
Value proposition
What is the value delivered to the consumer?
What problems are you solving?
What needs are being met?
What are consumers willing to pay?
Ex: novelty, performance, customization, making it happen, design, brand/status, price, cost reduction, risk reduction, accessibility, convenience/usability.
Key activities
What is needed to support the value proposition?
Configure distribution channels;
Establish relationships with customers (access, traditional, social media);
Generate revenue streams;
Categories: production, problem-solving, platform, relationship.
Key Features
What/who can help us maintain the value proposition?
Resources needed: physical, human, financial, distribution, intellectual property, etc.
Key partners
Suppliers;
Salespeople;
Motivation for partnerships: optimization and savings, reduction of risks and uncertainties, acquisition of resources and private activities, Porter's Model (5 forces: rivalry of competitors, bargaining power of suppliers, new entrants, bargaining power of customers and threats of substitute products.
Cost structure
Main costs inherent to the business model;
Worry about higher costs (resources and activities);
Is your business cost-driven (maximum automation, lots of outsourcing, low cost structure, low-price value proposition) or value-driven (focused on value creation, premium value proposition, services, customer satisfaction)?
Separate what are fixed costs and what are variable costs.
Customer relationship
Types of relationships we want to establish with each consumer segment and maintain with them;
Which ones have we managed to establish?
How are they integrated with our business model?
How much do they cost?
Ex: personal assistance, dedicated team, self-service, automated services, communities, co-creation.