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Ready to Build Your Business Model?
A business model lays out how your product, pricing, people and value proposition all work together to create a successful company.
The Business Model Canvas could help you identify what each of these are for your business, and use them to create a plan.
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What is a Business Model Canvas?
A Business Model Canvas is a template you can use to plan out your whole business on one page. It’ll help you to map the different parts of your business, see how they’re connected, and find ways to improve.
It’s broken down into nine key areas. You can fill them out one by one, and then adjust to make sure all of the elements work together to achieve your goals. Here’s an example to show you what a Business Model Canvas looks like:
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The left hand side of the canvas is the operational side of your business:
- Key Partners – Who are your key partners?
- Key Activities – What are your key activities?
- Key Resources – What are the key resources you need to carry out your business activity?
- Cost Structure – What are you spending on partners, activities and resources?
The right hand side is all about your clients and the value you deliver to them:
- Client Relationships – What are the types of relationships are you establishing?
- Channels – What are the touch points you have with your clients?
- Client Segments – Who are the people or businesses buying the product or service you’ve created?
- Value Proposition – What is the value you deliver to each client segment?
- Revenue Streams – What are the different ways the business makes money as a result of delivering value to your clients?
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More ways to use the Business Model Canvas
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Improving and Inventing
Can you challenge existing or create new business models?
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Strategising
Can you create a blueprint for the future strategy of your business?
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Understanding Competition
Can you map out competitor business models?
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Team Alignment
Can you align team members to a common business strategy?
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New Innovations
Can you map out a new product/service innovation within an organisation?
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A Portfolio of BMCs
Can you test different business models?
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Contact us today for a free 40 minute business consultation to discuss the key challenges facing your business today and how we can help resolve those challenges through development of a powerful Business Model Canvas. One that is understood by your employees, clients, leadership team and key business stakeholders and which enables excellence in client and employee experience, financial health, shareholder value and peace of mind for you.
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