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In this lesson, we explore the business model canvas, focusing on the nine steps to create your first business model. The business model outlines a plan for operating a business, detailing revenue sources, target customers, product offerings, and financing aspects. It illustrates how key business components interact. Capturing this information in a document would require multiple pages, making it complex and difficult to visualize. The business model canvas simplifies this process by providing a structured framework to organize and understand these elements effectively. Examples will be discussed to clarify these concepts.