Did you have a great idea or you are planning on starting a new company? If so, this is the time to translate that idea to a Business Model Canvas. With this document, you will be able to learn how to create an effective business model and describe the basic aspects of your new project.
Create a Business Model Canvas with EDIT.org editable templates
Having the key points of your project specified before starting is fundamental since you will better understand its reason for being, the future performance and the means you are going to count on at the beginning.
All the Business Model Canvas sections are related to each other, and it is crucial to define them and translate them into a document. Here you have some examples of templates you can edit in a few seconds. In our editor, find dozens of templates with different designs ready to customize online and completely free by inserting your your logo or changing the corporate colors. Use the final result to make others understand your business.
On our editor you'll also find other canvas templates such as Mission, Vision and Values canvas, Buyer Persona canvas, SWOT templates or PESTEL canvas, as well as templates for editable infographics.
Parts of a Business Model Canvas explained
- Key partners. Who are or will be your key suppliers or partners? Are you going to make a partnership agreement? A win-win deal can benefit your project a lot.
- Key activities. Write here the bullet points of your day-to-day routine. ¿What is the main activity your firm is going to carry out?
- Key resources. At this point, we will describe which resources your business needs. They can be: financial resources (how much capital do we need, whether we are going to borrow or need investors), human resources (how many staff we will need to develop our project), physical resources (if we need machinery, computers, office premises, etc.) or intellectual resources (brands and trademarks).
- Value propositions. Which benefits and advantages do your product or service have? It is perhaps one of the most fundamental points in which we will define if the product exists or not in the market, if it is of good quality, or if it offers better characteristics compared to competitors. Also, we can enumerate if the product or service differentiates by price, quality, or target segment.
- Relationship with customers. How do you relate to your clients? It can be face-to-face, by phone, or online such as by email. You can also use a software program with which the client himself can solve his doubts through automated processes. The more channels the client has, the greater the satisfaction.
- Channels. It is related to the previous point. Which are the channels with which you are going to convey your messages?
- Customer segments. In this section, we will have to define our client through a customer persona. It can be the case your product adapts to multiple market niches. It is crucial to be realistic in this section since one of the usual mistakes is to believe everyone is going to buy your product.
- Cost structure. Here we will define which are the costs that we will have in our project: initial costs (such as a vehicle or a computer), variable costs (such as material purchases, which increase when buying more material), fixed costs (staff, supplies, rentals, etc.), or costs in terms of economies of scale (higher sales means lower expenses).
- Sources of income. In this section, you must describe how the project obtains revenues: cash charges for selling a product (like in product stores), monthly payments from users (like Netflix), by using telephone lines, etc. Your project can mix several sources of income, that will make your model much healthier.
At the end, you will have
understood your business much better, and it will easier to make decisions. Now try to select one of the Canvas Model templates and start editing it. You can download it the final result for free in JPG, PNG or PDF and print it. Try
Business Model Canvas templates from EDIT.org now!
