The Business Model Canvas - 9 Steps to Creating a Successful Business Model - Startup Tips
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- čas přidán 4. 09. 2016
- The Business Model Canvas - 9 Steps to Creating a Successful Business Model - Startup Tips
The Business Model Canvas, is a strategic management and entrepreneurial tool. It allows you to describe, design, challenge, invent, and pivot your business model.
The Business Model Canvas is comprised of 9 key segments:
The left hand section of the Business Model Canvas is the Infrastructure section and comprises three key areas:
Key Activities: The most important activities in executing a company's value proposition.
Key Resources: The resources that are necessary to create value for the customer.
Partner Network: In order to optimize operations and reduce risks of a business model, organization usually cultivate buyer-supplier relationships so they can focus on their core activity.
The middle section of the canvas describes the business offering and is the value proposition delivered to different customer segments.
Value Propositions: The collection of products and services a business offers to meet the needs of its customers. According to Osterwalder, (2004), a company's value proposition is what distinguishes itself from its competitors. The value proposition provides value through various elements such as newness, performance, customization, "getting the job done", design, brand/status, price, cost reduction, risk reduction, accessibility, and convenience/usability.
The value propositions may be:
Quantitative - price and efficiency
Qualitative - overall customer experience and outcome
The right hand side of the Business Model Canvas describes the customers, the channels through which you deliver services and and the relationships you have with your customers.
Customer Segments: To build an effective business model, a company must identify which customers it tries to serve. Various sets of customers can be segmented based on the different needs and attributes to ensure appropriate implementation of corporate strategy meets the characteristics of selected group of clients.
Channels: A company can deliver its value proposition to its targeted customers through different channels. Effective channels will distribute a company’s value proposition in ways that are fast, efficient and cost effective. An organization can reach its clients either through its own channels (store front), partner channels (major distributors), or a combination of both.
Customer Relationships: To ensure the survival and success of any businesses, companies must identify the type of relationship they want to create with their customer segments.
The bottom section of the canvas describes the finances.
Cost Structure: This describes the most important monetary consequences while operating under different business models. A company's DOC.
Revenue Streams: The way a company makes income from each customer segment.
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Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@JacobObdiah However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments
@@Stephanie-ytt Oh please I’d love that. Thanks!
@@JacobObdiah Judith Ann peace is her name
Lookup with her name on the webpage.
Better than 2 hours lecture in uni
Or a 3 hour lol
Maybe you have a very limited attention span?
Or 5 years....
@@Mr.Monta77 I've thought of this a lot...
The debate between "attention span" and shorter more concise lectures, the answer in my opinion comes down to: actionable knowledge and how the educational system fails to connect the dots between knowledge and actual application... Is this 3 hour lecture going to cover the essential points required for me to apply this knowledge?, yes or no?
I see this case specifically with higher spheres of knowledge for example Rollo Tomassi on the intersexual dynamics, he swears you need to read the whole book each and every word to have aplicable situations for your life and even tho the rational male (original rollos tomassis summary of intersexual dynamics) is absolutely packed with knowledge on how men and women interact.... it isn't necessary to ramble 10 times about the same situation.... its hard to maintain your head detached from whatever you are literally creating but it is so important to understand that the limited amount of time we have we should spend trying to get back time through superconcentrated actionable knowledge.... this is why millionares and billionares pay to get information, information buys back time you had to spend on some skill.... or whatever Fernando out.
hes a good man!
STEP 1: Value Proposition (1:01)
STEP 2: Customer Segments (2:40)
STEP 3: Channels (3:33)
STEP 4: Customer Relationships (4:26)
STEP 5: Revenue Streams (5:34)
STEP 6: Key Resources (6:34)
STEP 7: Key Partners (7:31)
STEP 8: Key Activities (8:18)
STEP 9: Cost Structure (8:43)
Thanks Matt...
Thanks!
thank you very much for your knowledge and understanding thumbs up
@@infinite101_ You're most welcome!
@@mickellawilliams9845 My pleasure; glad I was able to help you learn about this!
Great video. But let me talk about something important, I see many young and old make mistakes that I think should not be. I believe that everyone, young or old, should have an investment plan that increases their financial returns from three figures to six figures. The investment can be your retirement plan or future plan, depending on what you want, but what matters most is that you have an investment that is profitable.
@Debra James When you fail to invest while you are still active at work, you will end up regretting in the future
If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has finished. Investment is key.
I agree with you mate. Investment is the key to sustaining your financial longevity. And not just any investment but an investment with guaranteed return.
"To earn more you are required to have a multiple diversified means of income", which is why Investment is an avenue of making more money once it's profitable.
Most failures and loss on Investment usually happens when you invest without proper guide and the analysis of the profit and risk percentage of the Investment.
So how do you get your proper guide and the analysis you mentioned? Because I have incurred huge losses while investing by myself
I would like if you refer me to your personal nvestment manager. I will alIso want to know if while he handles my Investment, is my investment still accessible by me to monitor and authorize any action on the Investment portfolio?
My instructor linked us to a video about the business model with terrible information and examples, and CZcams recommended this video to me. You really helped me out a great deal. Thank you.
This was the most clear explanation I found so far!! Thank you so much for this! All the other explanations seemed so complicated..
Compartmentalization and scope are two major components of business organization that I hadn't really put into perspective. If one wants to make a venture that can be sustainable in the long run, then they need to be organized at the beginning. The diagram utilized in the video is one of the better ways I've seen or business organization because it considers more than revenue, sales, and operating costs. Using this model, I would be able to to view major company activities, customer information, and networking aspects in addition to revenue and the like.
Thanks for this. Extremely helpful and clearly explained. It's a pain in the ass to find some good material on the subject matter but you are the exception!
Great straight and clear information. Informative, Systematized and straight to the point. No bullshit appeared in this video. Brilliant.
This is amazing and very helpful to understand what is a business model exactly. Thanks
An excellent resource! Merci, thank you for the valuable direction.
You rock Steve! So miss your lectures back in the Haas School of Business days. :)
Thank you for explaining this process so clearly and concisely. I found the content very helpful and useful.
It's a shame this channel was abandoned. This is a top notch presentation.
Learned this tool during MBA courses. You made it so clear now. Thanks.
This is awesome! it's so helpful for ppl like me who can't 'visualize' what i'm supposed to do but the doodles actually help. thank you!
OK, thank you to the business channel for explaining the material about business models clearly. With this I conclude that the business model canvas consists of several elements, namely 1. partners 2. activities 3. resources 4. value proposition 5. customer relationships 6. customer segments 7. revenue streams 8. costs 9. channels
It provides play-by-play descriptive analysis for the entire process, and prepared researchers global analytical framework. It was tremendously useful doing my capstone project at graduate school
THANK YOU SO MUCH! I'm doing my masters in international business and I have no educational background in business. I've been struggling to understand some of the business models out there and this has really helped :)
Brilliant! 10 out of 10 for this clear and informative presentation! Thanks a lot!
Oh Dear Lord... this is so clear, I am so glad I found it..Thank you so much for such a clear exposition of what startups need to think about.
Thank you for sharing this Business Model, it's very helpful
Thanks for the great presentation!
A very good presentation. Thank you for making it so clear in less than ten minutes!
thanks for the video this time, which is about the business model canvas -9 tips, to create a successful business model. From here I can conclude that if we are serious oing business with the 9 tips that have been conveyed in the video, we will have many great opportunities to gain profits in entrepreneurship.
Thank you for this! Thank you for breaking it down and making it easy to understand!
just what I needed THANK YOU!!!
Thanks for clearing the concept about business model canvas in just one video. Kudos
Wow! I've been using this canvas in my MBA studies, but this really brings it all home. Thank you!
Thank you SOOOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH for this!!!! This is extremely helpful and simplified!!!
Great, thank you! I definitely understand the business model concept now!
An excellent presentation of the Osterwalder Business Model components.
Well done and a very useful breakdown of the building blocks. Dr. O
This is the best explanation which breaks it down. I always review it when I have a new business venture I am working on or ensuring we are on track with keeping the main thing, the main thing. I salute.
This was very helpful.. thanks
I partially agree on the point where you said some customers don't care about technologies.. well I have worked with some customers who were technical sound. Our talk started from technology only. It was great fun to work with such customer.
This was eye opening great way to put ideas into action using this method great start for sure
This is a fantastic video. The best almost 10 minutes I have spent.
Great video! love your method of explaining with examples. Very helpful
Kindly share the information about Softwares used for making this video.
Help appreciated.
Thank you for this resource. Very informative and thought provoking.
I am working backwards....I started my company, now I'm doing the actual business model canvas......and YES this probably shoulda been done before I got started, not 4 years in...BUT I'm discovering as I go along....I've done a lot the "right" way....the rest, let's just say, "Math is easier when you already have the right answer and this presentation really breaks it down in plain simple, understandable terms. Thanks...sign me better late than never.
Thank you for this wonderful presentation.
Excellent! Best video about the subject I've seen so far.
This is the easiest tutorial video to understand about the Business Model Canvas!!!! Thank you!
This was very helpful, thanks a lot !!
Saw this chart/studied it at least five times but still relevant everytime.
Excellent clarifications!! Thanks!
Good presentation of a business model.it is useful. I realized the details of the model better.
thank you, this was VERY very helpful
Thanks. Really helpful video for my exam on BPM
Amazing and very helpful! Love the narrator's voice and clear explanations of every point.
Nice breakdown of the model. The associated art was well placed!
DOPE I NEEDED THAT I TOOK ALL NOTES!
Terimakasih kepada chanel the business atas materinya. Videonya sangatlah bagus dan bermanfaat,canvas model bisnis menyediakan cara untuk melihat aspek produk dalam suatu bisnis.canvas model bisnis sangat bagus karena memungkinkan kita menuliskan semua hipotesis kita disatu tempat.hanya dengan menggunakan canvas model bisnis dibutuhkan pemikiran mendalam untuk menemukan peluang besar.Thank you very much for uploading the video, it is very useful for me.
Loved it 👍🏾 so useful great informations fun and interactive
Thank you for explaining the BMC steps
I love the way you delivered this especially in under ten minutes. its a fab model for entrepreneurs, freelancers and of course business start ups. You have a new subbie!
Mission Media- Simple but Excellent presentation. Good job!
Excellent presentation!!! Thanks for the great resources put in your presentation.
great explanation and also fun to learn through, thank you.
I'm doing this in grade nine in the subject business basics 💛 I love it it's worth it keep up the good work 👍👍👍👍👍👍👍👍👍
Right content for any business. I'm planning to start an online academy, it'll be great help if you let me know the tools that you used to create this video?
great video, you make it easy to understand the Business Model Canvas. Thank you
Perfect vid, thanks
This was very helpful. Thank you sooo much! :-)
great help for my training,well done guys
one of the best videos a startup needs. God Bless you brother
Good-mornig
I have been working on a Business Model Canvas for an assignment for my Master's. This Video has helped me a lot. The level of Explanation is deep, yet simple and made it very easy to understand. THANKS A LOT!! You have helped me a Lot!
Can you do BMC separately? because im planning to separate the work with my assignment group mate, but not sure can it do separately.
thank you for the information and sharing ,i understand the explanation in the video
100% informative... Thank You
Excellent presentation in less than 10 minutes.
it was a great presentation, thank you!!!!
really good presentation, love the use of the board, keeps it interactive. its made me subscribe!
Me too! :-)
Interesting, informative and educative!
nice explanation.....
Sure, it's great a video. really instructive. Good presentation structuring. Félicitations à vous.
Obrigado pelo vídeo! Muito edificante, uma ferramenta poderosa!
Best explanation of the whole youtube world
very brief But straight to the point. No time consuming,,wao thats great,
Thank you so much for the presentation and explanation of each. I have actually used the key segments for my BM.
Such a shame and wish they could come back
Thank you for the amazing explaination 🙏🙏
Amazing video! This is just what I need
Informasi yang diberikan vidio ini sangat bagus dan informatif.Konten videonya sangat bagus dan sangat bermanfaat. Business Model Canvas menawarkan pandangan komprehensif tentang seluruh aspek produk. Awalnya dirancang untuk meluncurkan satu produk, alat ini juga sama efektifnya untuk produk dalam perusahaan besar. Apa yang membuat Business Model Canvas luar biasa adalah kemampuannya untuk mengkonsolidasikan semua hipotesis kami, mulai dari kelayakan hingga distribusi, dalam satu kerangka kerja. Dengan hanya mengandalkan Business Model Canvas, mengidentifikasi peluang yang signifikan memerlukan pertimbangan yang cermat.
Thanks a lot , Its very short and very clear !!!!
really good! very clear guide on what the model is about
This is the best
Thank you
Massive help! Thank you!
Very helpful. Thank you.
This is the easiest tutorial video to understand about the business model canvas.thank you
The videos are great and useful, the Business model canvas provides a way to see all aspects of a product. This tool was originally developed to get started with a single product, but it works for products in large companies as well. The business model canvas is great because it allows us to write down all of our hypotheses, from probability to distribution, in one place. Using only the business model canvas, it takes deep thought to spot great opportunities. Thank you for uploading the video, it is very useful for me
Awesome
SUBSCRIBED!! Very well presented and so informative.
that was very helpful. many thanks for you
thanks for presentation...
this is exactly what I needed! thanks!
His best work tbh, such a sick flow. Free Website Templates e-web.top
thank you for this overview, it helped a lot with my business propostion!
I'm an audio/visual learner which means textbooks are useless. This is perfect. Thank you so much!
Like you, I’ve learned more from audiobooks over the past 15 years than I did in the 12 years of government schooling.
Very good video, well explained. Thanks.
Thanks soo much for this video!!