The cost structure piece of the business model canvas helps you create a list of all the costs you will incur to operate your business.
Now, when I say “all costs for your business”, I should clarify that these are the more important and bigger costs. But as you go through this example, if you come up with additional costs I would absolutely keep them on the list. It might be helpful to add a star next to those that are the bigger costs so you can differentiate. Continue reading →
Today’s Business Task: List out the most important activities you need to do to deliver on the value you promise to customers.
As we determined in the value proposition phase of the Business Model Canvas, there are certain things customers are going to expect from your business. The key activities block of the canvas helps us figure out what those are and what we should be paying attention to that might not necessarily drive value. Continue reading →
So you’ve figured out who you’re helping, what value you’re going to be offering them, and what channels you’ll use to reach them.
But no one can do this alone – you’re going to need partnerships with certain people and companies.
Today’s Business Challenge: Determining who are those people or businesses that you’ll be working with. Continue reading →
In the Business Model Canvas, there is a block dedicated to “Channels.” In many of the examples I’ve found on the web, they discuss mostly the distribution channels, i.e. how will you deliver your product to your customer.
But there are at least 5 phases of channels we should be looking at when it comes to thinking about our business. Continue reading →
So you’ve figured out who you’re helping, what value you’re going to be offering them, and what your relationships with your customers will look like.
But how are you going to actually make money from this whole adventure? Continue reading →