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In this tutorial, we will explore the nine steps to create a business model using the business model canvas. A business model is a plan that outlines how a business will operate, including revenue sources, target customers, products, and financing details. It shows how the key components of a business fit together. Trying to capture all this information in a document like a word document would require multiple pages. Visualizing and understanding this information in your brain can be a complicated and confusing task.