The Business Model Canvas - 9 Steps to Creating a Successful Business Model - Startup Tips

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.
/ @thebusinesschannel3465
Check out some of our other videos
Compensation claims - how long should it take • Video
LLC vs S Corp • Video
Minizing tax • Video
How to fund a startup • Video
Kickstarter success Ep 1 • Video
Kickstarter success Ep 2 • Video
How to pitch to investors with Guy Kawasaki • Guy Kawasaki - 2 Start...
If you are interested in sustainability issues then check this video out
Sustainable Business Model Canvas video • The Sustainable Busine...
The Sustainable Business Model Canvas • The Sustainable Busine...
See business model case studies here
• Business Model Canvas ...
• Sustainable Business M...

[@silverkazuki1]

Better than 2 hours lecture in uni

[@TheDilovely]

Or a 3 hour lol

[@Mr.Monta77]

Maybe you have a very limited attention span?

[@FernandoGarcia-po9lg]

Or 5 years....

[@FernandoGarcia-po9lg]

@@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.

[@JettCrocodile779]

hes a good man!

[@MatthewAGilbert]

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)

[@kalabasrate9578]

Thanks Matt...

[@infinite101_]

Thanks!

[@mickellawilliams9845]

thank you very much for your knowledge and understanding thumbs up

[@MatthewAGilbert]

@@infinite101_ You're most welcome!

[@MatthewAGilbert]

@@mickellawilliams9845 My pleasure; glad I was able to help you learn about this!

[@ninjanerdstudent6937]

My instructor linked us to a video about the business model with terrible information and examples, and KZbin recommended this video to me. You really helped me out a great deal. Thank you.

[@bamfordadams2155]

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.

[@feliciaharrison6322]

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.

[@gabrielleo1170]

"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.

[@fredrickharmel3867]

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.

[@jasminekim6698]

So how do you get your proper guide and the analysis you mentioned? Because I have incurred huge losses while investing by myself

[@ashernorth8346]

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?

[@wafikazizah1267]

Model bisnis kanvas menyediakan cara untuk melihat berbagai aspek produk dalam sebuah bisnis. Model ini sangat berguna karena memungkinkan kita mencatat semua hipotesis di satu tempat. Menggunakan model bisnis kanvas memerlukan pemikiran mendalam untuk mengidentifikasi peluang besar.

[@NathaniaAMWaoma-bj4eb]

thank you for the knowledge. It can be concluded that there are 9 ways to fill in the 9 main blocks on the Business Model Canvas to create a successful business model. By following these 9 steps and filling in each block carefully, someone can create a solid and integrated business model to guide business success.

[@ericsalazar6946]

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.

[@sumimaind]

This was the most clear explanation I found so far!! Thank you so much for this! All the other explanations seemed so complicated..

[@Whelsko]

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!

[@moriyanti3523]

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.

[@rohdianal-ahad1944]

Great straight and clear information. Informative, Systematized and straight to the point. No bullshit appeared in this video. Brilliant.

[@kendrickmason2577]

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.

[@marthajones1450]

@Debra James When you fail to invest while you are still active at work, you will end up regretting in the future

[@opylyrics6854]

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.

[@wulansarierwani6]

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

[@jaspalprajapati5969]

This is amazing and very helpful to understand what is a business model exactly. Thanks

[@jacksonnyenkan2621]

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

[@esponges]

Learned this tool during MBA courses. You made it so clear now. Thanks.

[@vogasoft]

You rock Steve! So miss your lectures back in the Haas School of Business days. :)

[@debbie-suevanrangelrooy6669]

Thank you for explaining this process so clearly and concisely. I found the content very helpful and useful.

[@dominiqueposhtar5369]

An excellent resource! Merci, thank you for the valuable direction.

[@RobynFuller1]

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 :)

[@blackjackTori]

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!

[@rosiabbott253]

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.

[@rhondastahl1555]

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.

[@Foxygrandpa2131]

It's a shame this channel was abandoned. This is a top notch presentation.

[@pradnya948]

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.

[@MIFTAHURISQA]

Dari vidio ini dapat saya simpulkan BMC terbagi 9 segmen atau elemen.BMC alat manajemen strategi dan kewirausahaan.mendeskripsikan,merancang,menantang,menciptakan dan memutar model bisnis.

[@hans-peterhubmann1543]

Brilliant! 10 out of 10 for this clear and informative presentation! Thanks a lot!

[@RohitVarma1978]

Thanks for clearing the concept about business model canvas in just one video. Kudos

[@oktaviaaulia5700]

videonya menarik dan mudah dipahami melalui ilustarasinya

[@dindavrani]

Terima kasih kepada the businesa chanel yang telah memberikan penjelasan mengenai BMC. dapat disimpulkan bahwa terdapat 9 langkah dalam BMC

[@tasyapermataputri3720]

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.

[@m.olsher3515]

An excellent presentation of the Osterwalder Business Model components. Well done and a very useful breakdown of the building blocks. Dr. O

[@copycat21c]

Wow! I've been using this canvas in my MBA studies, but this really brings it all home. Thank you!

[@tobigbemisola]

A very good presentation. Thank you for making it so clear in less than ten minutes!

[@stephanievillegas9343]

Thank you for this! Thank you for breaking it down and making it easy to understand!

[@DIYENT]

just what I needed THANK YOU!!!

[@dr.wezisunkutumd8745]

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.

[@saramaganda2433]

Thanks for the great presentation!

[@panuwatthevarakworakul6632]

Thank you for sharing this Business Model, it's very helpful

[@suhwinn]

I spent the past years of my life watching this video.

[@LebrunCoin]

WASTE OF TIME!

[@missionmedia1197]

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!

[@affendighazali1062]

Mission Media- Simple but Excellent presentation. Good job!

[@davidiancorpse1566]

Good-mornig

[@hafezadrianmarsaa798]

terimakasih materinya kita jadi lebih memahami tentang busines lebih banyak lagi

[@vitokasinda3884]

terima kasih atas materinya, kita sekarang jadi lebih tahu tentang busines model canvas(bmc) lebih banyak lagi.

[@macallinmaryama]

Thank you SOOOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH for this!!!! This is extremely helpful and simplified!!!

[@GAMEACRCADE]

I'm doing this in grade nine in the subject business basics 💛 I love it it's worth it keep up the good work 👍👍👍👍👍👍👍👍👍

[@jhiraetalmadge5358]

Great, thank you! I definitely understand the business model concept now!

[@thelastleaf9993]

Great, very big thumps up from algeria

[@rinioktariana256]

Terima kasih, video ini sangat membantu memahami bmc.. Tugas pkwu

[@nadyajozaprili1476]

Thank you for explaining the BMC steps

[@latifahamirah2112]

Di sini dijelaskan tentang bagaimana isi, bagaimana cara membuatnya. Informasi ini sangat bermanfaat dan sangat membantu mahasiswa untuk memahami tentang isi dari bagian bmc.

[@honavars]

This is a fantastic video. The best almost 10 minutes I have spent.

[@darmansyahfirdaus6195]

sangat keren sekali menginspirasi

[@simonakatsman974]

I'm an audio/visual learner which means textbooks are useless. This is perfect. Thank you so much!

[@onenationunderduress8994]

Like you, I’ve learned more from audiobooks over the past 15 years than I did in the 12 years of government schooling.

[@Benz999]

Massive help! Thank you!

[@voilajoy]

Excellent clarifications!! Thanks!

[@germannbilledo196]

thank you mam.pag aaralan ko pong mabuti,god bless \

[@susangrobes9630]

This was eye opening great way to put ideas into action using this method great start for sure

[@aprameyamadhusudan6430]

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!

[@KagamineLen96]

Can you do BMC separately? because im planning to separate the work with my assignment group mate, but not sure can it do separately.

[@TeSageDS]

This is the easiest tutorial video to understand about the Business Model Canvas!!!! Thank you!

[@opennube]

Excellent! Best video about the subject I've seen so far.

[@RoOoRi100]

This was very helpful, thanks a lot !!

[@paulooliveira3012]

Obrigado pelo vídeo! Muito edificante, uma ferramenta poderosa!

[@thefaredevil]

Great video! love your method of explaining with examples. Very helpful

[@dimasahouri]

Thank you for this wonderful presentation.

[@Alxnder7]

Amazing and very helpful! Love the narrator's voice and clear explanations of every point.

[@gurjitsidhu]

really good presentation, love the use of the board, keeps it interactive. its made me subscribe!

[@Razor_Bunny_]

Me too! :-)

[@jiwonkim5315]

Saw this chart/studied it at least five times but still relevant everytime.

[@nzizagospelfamily5155]

It's so nice, mwakoze cyane

[@irieelle5399]

thank you, this was VERY very helpful

[@101DaExclusive]

DOPE I NEEDED THAT I TOOK ALL NOTES!

[@yolitawahyuni9504]

thank you for the information and sharing ,i understand the explanation in the video

[@adityabrilliant-kf2fk]

TERIMAKASIH BANYAK,LUMAYAN MUDAH DIPAHAMI DAN SANGAT MEMBANTU.THANKYOU SO MUCH.

[@richardsneade6806]

Thank you for this resource. Very informative and thought provoking.

[@mohamadbaharloo6551]

Good presentation of a business model.it is useful. I realized the details of the model better.

[@Snarreet]

this is exactly what I needed! thanks!

[@user-py7jo5mz9z]

His best work tbh, such a sick flow. Free Website Templates e-web.top

[@MechanicLife]

Nice breakdown of the model. The associated art was well placed!

[@MuslimAdeyemo]

Interesting, informative and educative!

[@TheHelghast1138]

Excellent video, thank you!

[@silvesterchiweza9446]

very brief But straight to the point. No time consuming,,wao thats great,

[@tsaracarlie2386]

Loved it 👍🏾 so useful great informations fun and interactive

[@pupungna]

great explanation and also fun to learn through, thank you.

[@leonardjohnson4484]

This was very helpful.. thanks

[@daraaltiarahma9478]

This is the easiest tutorial video to understand about the business model canvas.thank you

[@kennethbeard5553]

One of the few videos here by someone who actually understand the system model knows the relationships between the boxes rather than simply a group of title on a piece of paper

[@flapjack4013]

it was such a useful video for my homework thank you so much

[@Razor_Bunny_]

This was very helpful. Thank you sooo much! :-)

[@Sam-hm9pt]

Thanks. Really helpful video for my exam on BPM

[@megaaap100]

Perfect vid, thanks

[@kumbandure8591]

Excellent presentation!!! Thanks for the great resources put in your presentation.

[@nnnbla]

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

[@iamjdesigns]

one of the best videos a startup needs. God Bless you brother

[@schoolofMBA]

Fantastic presentation!

[@anandraj6337]

Excellent presentation in less than 10 minutes.

[@tinad721]

Thank you so much for the presentation and explanation of each. I have actually used the key segments for my BM.

[@tinad721]

Such a shame and wish they could come back

[@suyogdandge7243]

Thanks a lot , Its very short and very clear !!!!

[@artitaselmi4170]

Thank you for the clearly explaining. Hopefully this video can be a motivation for many people. And hopefully your Chanel will always be a place for other people to learn.

[@user-cw9kg1rs4c]

Thank ,it is very excellence presentation.

[@ashiruomolara5604]

ชาญโชติ ชมพูนุท Zoe.

[@JustSkillGG]

Best explanation of the whole youtube world