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 โ price and efficiency
Qualitative โ 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 companyโs 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.
https://www.youtube.com/channel/UCIypuA7lS-FsVG6cMlNCK2w?sub_confirmation=1Check out some of our other videos
Compensation claims - how long should it take
https://youtu.be/NuxfrgSTg78LLC vs S Corp
https://youtu.be/4xNCnf9hitwMinizing tax
https://youtu.be/ybSnFb6rx6YHow to fund a startup
https://youtu.be/ctzDb59sw5MKickstarter success Ep 1
https://youtu.be/2EG78JNZ7nAKickstarter success Ep 2
https://youtu.be/ZMlq5CmUNz8How to pitch to investors with Guy Kawasaki
https://youtu.be/-epR-uGlv4MIf you are interested in sustainability issues then check this video out
Sustainable Business Model Canvas video
https://youtu.be/fYhpfI_JIMUThe Sustainable Business Model Canvas
https://youtu.be/gVimMEI2u2wSee business model case studies here
https://youtu.be/Kr_1eaGAYKQhttps://youtu.be/22-6cfoAy_cAbout the Site ๐
This site provides links to random videos hosted at YouTube, with the emphasis on random. ๐ฅ
Origins of the Idea ๐ฑ
The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. ๐ง
Challenges Faced ๐ค
Obtaining a large sample of videos was crucial for accurate ranking, but YouTube lacks a direct method to gather random video IDs.
Even searching for random strings on YouTube doesn't yield truly random results, complicating the process further. ๐
Creating Truly Random Links ๐ ๏ธ
The YouTube API offers additional functions enabling the discovery of more random videos. Through inventive techniques and a touch of space-time manipulation, we've achieved a process yielding nearly 100% random links to YouTube videos.
About YouTube ๐บ
YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. ๐
Content and Users ๐ต
Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.
While most content is uploaded by individuals, media corporations like CBS and the BBC also contribute. Unregistered users can watch videos, while registered users enjoy additional privileges such as uploading unlimited videos and adding comments.
Monetization and Impact ๐ค
YouTube and creators earn revenue through Google AdSense, with most videos free to view. Premium channels and subscription services like YouTube Music and YouTube Premium offer ad-free streaming.
As of February 2017, over 400 hours of content were uploaded to YouTube every minute, with the site ranking as the second-most popular globally. By May 2019, this figure exceeded 500 hours per minute. ๐
List of ours generatorsโก
Random YouTube Videos Generator
Random Film and Animation Video Generator
Random Autos and Vehicles Video Generator
Random Music Video Generator
Random Pets and Animals Video Generator
Random Sports Video Generator
Random Travel and Events Video Generator
Random Gaming Video Generator
Random People and Blogs Video Generator
Random Comedy Video Generator
Random Entertainment Video Generator
Random News and Politics Video Generator
Random Howto and Style Video Generator
Random Education Video Generator
Random Science and Technology Video Generator
Random Nonprofits and Activism Video Generator