If you have a new business concept but are unsure how to implement it? Do you want to enhance your current company model? Writing your business plan giving you anxiety? We will help you to have the business model canvas explained, along with steps on how to create one.
A business model is simply a plan describing how a business intends to make money. It explains who your customer base is and how you deliver value to them and the related details of financing. And the business model canvas lets you define these different components on a single page. The business model canvas is a strategic management tool that lets you visualize and assess your business idea or concept. It’s a one-page document containing nine boxes that represent different fundamental elements of a business.