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hello everybody and welcome to tech in five minutes today we are talking about the business model canvas watch this video to get practical advice on how to describe business concept examples and analyze real-life business models on our channel we share thoughts on recent developments in the tech industry subscribe not to miss new videos lets start business canvas is a time-saving approach to business planning opposed to traditional planning methods it is basically a strategic management template used for developing new business models and documenting existing ones the main advantage of switching from plain text plans to visual canvas is its readability lets review other differences the document volume as you just have one page versus old-fashioned huge documents canvas has a clear structure its easy to understand as canvas describes the business model in everyday language focus on practical matters canvas features useful answers to urgent questions only wondering how to write a bus
