What is the Business Model Canvas template?
Visualize, design, and reinvent your business model with an entrepreneurial template, Business Model Canvas. Identify all critical elements of your business and how they relate to each other. Develop a clear view of your operations, customers, or finances.
Create a one-page, easy-to-read document addressing all salient aspects of launching your startup or growing your business further. Determine your key partners, activities, and resources with a set of supporting questions. Present value proposition and describe your customer relationships and segments. Sum it all up by listing out the communication channels, cost structure, and revenue streams.
What are the benefits of the Business Model Canvas template?
Thanks to the Business Model Canvas template, you can:
- Launch a profitable business through product innovation and the right design and get your product to more paid customers.
- Modify your documentation easily, clearly, and concisely and better communicate with your team, investors, or stakeholders.
- Identify your customers’ needs with a detailed and clear blueprint to better target them in the future.
- Make the connection between value proposition, revenue streams, or customer segments to take your idea to market.
- Use the scientific framework to bring innovation not only in startups but also in large enterprises.
How to use the Business Model Canvas template in a few steps?
- Open the Business Model Canvas template on a new board or add it to an already existing one.
- Invite your attendees for an insightful video call on the digital board by sending them an online invitation or sharing the board link.
- Go through all the steps and write down your answers on available sticky notes. Use different colors of sticky notes to classify your research. Provide responses to:
- Key Partners — Who are your key partners or key suppliers to gain a competitive advantage?
- Key Activities — What activities do you perform daily to deliver on your value proposition?
- Key Resources — What essential resources do you use or rely on to provide outstanding services?
- Value Propositions — What values are you planning to deliver, what problems are you trying to solve, and which customers’ needs are you trying to satisfy?
- Customer Relationships — How does the primary relationship with your customers look like? How do you interact with your customers, and how do these interactions differ amongst various types of clients? How do you differentiate the level of support to different customer segments?
- Channels — How will you reach customers, deliver value proposition, and provide services? What are your distribution channels?
- Customer Segments — Who are your most important customers, and how is your value proposition intended to benefit them?
- Cost Structure — What are the financial expenses associated with operating your business and providing the services?
- Revenue Streams — How much return on investment do you plan to get by delivering your value proposition?
4. Share the online Business Model Canvas with other teams, stakeholders, or investors, ask for feedback in the form of comments, and make any needed updates.Use this template