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The business model of an organization consists of nine building blocks: customer segments, value proposition, channels, customer relationships, revenue streams, key resources, key activities, key partners, and cost structure. However, simply listing these blocks is not enough. You need to map them out on a canvas called the business model canvas. This tool helps you to map, discuss, design, and invent new business models. Customer segments are the people or organizations you are creating value for, with specific value propositions for each segment. Channels are the ways you reach customers, and customer relationships are the type of connections you establish. Revenue streams, key resources, key activities, key partners, and cost structure are also important components to consider when designing a business model.