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Aug 6th, 2022
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How to Link number in the Business Model Canvas

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so one of the interesting things about thinking about a start-up is how is your company going to be organized and what we now know is the most efficient way to think about all the pieces just all the parts is by a business model and so the next question is okay Steve you just told me to think about a business model but what is a business model what are all the pieces well lets take a look and a business model is how a company creates value for itself while delivering products or services for its customers now if you think about it in the old days we think about how to organize a company around functional organizations we think no no a company is about its sales department or its engineering department and you would draw an org chart but now were going to draw a very different diagram were going to draw a diagram how to think about all the pieces of a business and so lets take a look at these nine boxes the nine boxes to describe any company from the worlds largest to a two-person

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When considering key partners, you must consider the following questions: Who are your key partners and who are your suppliers? Which key resources are you acquiring from key partners and suppliers? What key activities do your key partners and suppliers perform?
The Business Model Canvas consists of nine essential parts: Customer Segments, Value Proposition, Revenue Streams, Channels, Customer Relationships, Key Activities, Key Resources, Key Partners, and Cost Structure.
A business model describes the rationale of how an organization creates, delivers and captures value. It can be described through 9 building blocks: Customer Segments, Value Propositions, Channels, Customer Relationships, Revenue Streams, Key Resources, Key Activities, Key Partnerships Cost Structure.
This is where the Business Model Canvas comes in. Developed by Swiss business theorist, author and consultant Alexander Osterwalder, the Business Model Canvas is a strategic tool that acts a one-page supplement to a full business plan.
The business model canvas helps you with the execution steps requirement to take your idea to market. Connecting the dots between your value proposition + customer segments + revenue streams, is a good input to your marketing strategy, positioning statement as well as your Sales strategy.
A business plan is more like a writing document thats shown in detail the mission, vision, goals of a startup or company while a business canvas is a simple pictorial representation of questions that assist you in clarifying your idea. You create a business model, then a business plan.
A well-developed business plan lays out a map for marketing, financial planning and operations. A business model describes how an organization creates, delivers and captures value in economic, social, cultural or other contexts.
Business Model Canvas helps you, the founder, to figure out the business model and design it ingly. Business Plan is for an external stakeholder to analyze your business. The Business Model Canvas functions as a guide. It helps in quick communication between the owners of the business and its stakeholders.

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