Definition Of Business Model Canvas
The Canvas Model is a methodology that allows new or existing business models to be developed, visualized, evaluated, and altered. They opted for a method divided into nine basic modules, reflecting the company’s income-seeking logic. These nine modules cover the four main areas of a business: clients, offers, infrastructures, and economic viability.
Although defining or validating a business idea is not easy, the Canvas Model is helpful to go into practice and capture a business model. It is a tool to create your business model on a blackboard. Startups widely use the Business Model Canvas because of its flexibility and simplicity.
The canvas method consists of answering a series of critical questions and distributing all the elements that can intervene in the company’s activity in an orderly manner in a structured scheme. The Canvas business model is a valuable strategy when creating a new company or redesigning an existing one.
Starting a business is not an easy task. However, there are strategic tools to make this work a bearable, practical, and successful process. Such is the case of the Business Model Canvas or Business Model Canvas: a graphic, simple, and valuable tool for developing your business model.
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