I may have several types of customers in mind for my business model.
How this helps you
This canvas is great way to help creative entrepreneurs or entrepreneurs without a specific business background make a business plan. The visual aspects of the business model canvas make it accessible and easy to use.
What is it?
The Business Model Canvas is a strategic management and entrepreneurial tool. It allows you to describe, design, challenge, invent, and pivot your business model. The Business Model Canvas is divided in the nine essential elements that make up your business model.
The Business Model Canvas was initially proposed by Alexander Osterwalder based on his earlier work on Business Model Ontology. Since the release in 2008, new canvases for specific niches have appeared, such as the Lean Canvas and the Event Canvas.
How does it relate?
A business model canvas is a perfect way to make complex stuff around your business idea visible. It helps you to look at the big picture. Your business model canvas is a bridge between the creation of your product or service and how you get to its realisation.
Your next Waypoint
Go ahead and enter your own business model canvas. It will definitely give you a couple of challenging thoughts on your business model to sharpen it further.