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Business Model Canvas Dēmĭstəfīed
Traditional business plans are 🤬. Do this instead.
Demystifying the gap between ideas & execution to collapse time & accelerate results.
MIND THE GAP
New ick unlocked - the traditional business plan is outdated and painful.
Writing a traditional business plan can be a challenging and complex task. Moreover, it's no longer an effective method because it is time-consuming and requires a lot of research and writing. You don't have that kind of time when you're a start-up or a solopreneur, especially in today's fast-paced world.
Additionally, the traditional business plan is inflexible and lacks adaptability. Keeping it updated after weeks or even months of writing it becomes a chore.
Finally, it's challenging to communicate critical information quickly to investors or potential customers. Therefore, many businesses, including well-known companies, have opted to use the Business Model Canvas to streamline the process and enable robust strategic conversations that lead to action.
CLOSE THE GAP
I was introduced to this model in 2015 when I was on a team working with a non-profit to develop a center of neurosurgery excellence in Bolivia. I’ve used it ever since in my business and when advising others.
The Business Model Canvas (BMC) is a strategic management tool that provides a structured, visual framework for developing new or documenting existing business models. Developed by Alexander Osterwalder and Yves Pigneur, it has become a popular tool among entrepreneurs, executives, and business strategists for its simplicity and effectiveness in mapping out business strategies. It’s a great solution for planning your business while covering all relevant topics.
By the end of this edition, you will understand the Business Model Canvas and best practices for its application.
The Business Model Canvas makes the complicated simple.
The Business Model Canvas is designed to be straightforward and accessible. Each component represents a fundamental aspect of a business, from its value to its customers to the infrastructure it requires and its financial viability. This canvas allows businesses to clarify their strategies, align their activities, and identify potential trade-offs in a single visual document.
This process can be really fun. The goal is to capture your business's key attributes at a high level in the nine components. After explaining each component, I’ll show you how to apply it, whether you provide products or services.