Business Model Canvas Explained: Examples And Structure
Business canvas, also known as a lean business plan, is a time-saving approach to business planning, opposed to traditional planning methods. It is an advantageous approach if you want to focus on your product’s most strategically important elements. You don’t need tens of pages of a traditional business plan to understand the subtleties of the business. BMC is a one-page summary describing the high-level strategic details needed to get a business (or product) successfully to market. Business model canvas is easy to read because it always follows the same format. Investors, stakeholders, partners get used to seeing particular information where it belongs — so that everyone is literally on the same page. The structure of BMC can be customized, but here are the most common components:
- Customer Segments
- Key Partnerships
- Key Activities
- Revenue Streams
- Value Proposition
- Distribution Channels
- Key Resources
- Customer Relation Strategy
- Cost Structure
We have prepared for you real BMC examples of companies such as:
- Slack
- Youtube
- Uber
- Airbnb
Use the link below to learn more.
