We have arrived at part 4 on our series How to create a Successful Business Model with PHC-BR. Previously we’ve studied what the business model canvas is and how you can use it to turn your idea into a business.
Your business model is not your business, its a method of inquiry to help you understand what to do next. A business model is the “core content” or the “short story” of the company (actual or perspective). A business plan is the “guideline for the action” or the “full story.”
The following video will show you how to fill in the last three building blocks of your business. Answer the following questions to identify what is necessary to add on your canvas.
7) Key Activities
- What key activities do our value Proposition require?
- Our distribution channels? Customer relationships? Revenue streams?
8 ) Key Partnership
- Who are our key partners?
- Which key resource are we acquiring from partners?
- Which key activities do partners perform?
9) Cost Structure
- What are the most important costs inherent in our business model?
- Which key resources are most expensive?
- Which key activities are most expensive?
Once you’ve answered these questions you will have a clear understanding of your current situation and you will be able to make smart decisions concerned to where you want to go.
We hope we’ve provided you with the language, the tools and techniques to create the business of your dream. In case you want to mastermind about your idea and you are serious about it, please feel free to contact me via skype or website.
Thanks for watching and stay tune for more business strategies with PHC-BR.
“Create a definite plan for carrying out your desire and begin at once, whether you ready or not, to put this plan into action.” Napoleon Hill
Find more about the business model canvas at: