You've got your idea for a business and wants to make a short business plan for the mean time... or
You are a business man who wants to put your plans in a single page.
Business Model Canvass is the right tool for you.
A business model canvas is a tool that helps entrepreneurs and business owners to visualise and understand the different elements of their business. It provides a structure for thinking about and planning the various components of a business, such as customer segments, value proposition, revenue streams, and key partners.
There are several reasons why a business model canvas can be useful:
It helps to clarify the business concept: A business model canvas can help to clarify the key elements of a business idea and how they fit together. This can be particularly helpful for entrepreneurs who are trying to develop a new business or product.
It promotes strategic thinking: By considering all of the different elements of a business, a business model canvas can help to promote strategic thinking and planning. It can also be used to identify potential weaknesses or areas for improvement in the business concept.
It is a visual representation: A business model canvas is a visual representation of a business, which can be easier to understand and communicate than a written plan.
It is flexible and adaptable: A business model canvas is a flexible tool that can be easily modified and adapted as the business evolves. This can be particularly useful for businesses that are in the early stages of development or that are facing changing market conditions.
It saves time: A start-up entrepreneur or small business owner like you would want to allocate more time on the execution than planning. If you don't need a loan or fundraising activities, Business Model Canvas would be enough to guide you in executing your ideas.
Overall, a business model canvas can be a useful tool for entrepreneurs and business owners to clarify and understand their business concept, and to develop a strategic plan for achieving their goals.
I've made an Excel Template to help you plan your business model.
This model is easy to edit and ready to be printed in Landscape format.
To make it easier to fill-up the Business Model Canvass, guide questions will pop-up when you select the cell.
If you want to plan for different ideas, you may make a copy of the template then rename the new sheet to the name of the idea.
The Business Model Canvass is divided into 3 categories and more subcategories. The numbered lists are their guide questions to fill up.
Value Propositions
- What value does your product or service bring to the customer?
Cost Centers
Key Partners
- Whom do you need to work with to produce and deliver your solution?
- Who are your suppliers and partners?
Key Activities - What do you need to do to produce, market, and deliver your solution?
Key Resources - What do you need to have in order to produce, market and deliver your solution?
- Who or what are the most important assets?
Cost Structures - What costs will you incur to operate your business model?
Profit Centers
Customer Relationship
- How do you talk to your market about your solution?
- How do you acquire customers?
Customer segments - Who needs your solution?
- How many people need your solution right now?
- How many people will eventually need your solution?
- Who will buy your product?
Channels - How do you deliver your solution to customers?
- Where can customers find your solution?
- How will you reach your chosen customer segments?
Revenue Streams - How will you generate revenue from each customer segment?
If you have questions or concerns, feel free to message me or email me at forcashheaven@gmail.com
You may purchase the template here.
You may also purchase this template directly from me. I accept HBD payment.