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According to a study by stanford university business school. More than 90% of new businesses fail in their first year due to the lack of a viable. Business model. This is where the importance of the canvas. Model comes into play . By using it, entrepreneurs can analyze and understand their business. Scheme in depth, which will allow them to make informed. Strategic decisions and minimize the risks of failure.

Using the Canvas Model can help technology entrepreneurs identify their key resources, their distribution channels and the value proposition of their business. If you are an entrepreneur, do not underestimate the importance of using this tool to minimize the risks of failure and maximize the opportunities for success.

What is the canvas model?

The Model Canvas is a strategic planning tool that allows companies to visualize their business model in a clear and concise way. It was created by Alexander Osterwalder and Yves Pigneur in their book “Business Model Generation”, and has since been used by companies around the world to optimize their processes and increase Singapore Phone Number List their revenue.

This visual strategy is a simple tool that allowtrepreneurs and business owners to generate a complete map of their business model.

 

The characteristics of the canvas model consist of developing a canvas that is divided into nine blocks, each of which represents a key element of a business, such as:

Customer segments:

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The value proposition
Distribution channels
customer relationship
The sources of income
Key resources
Strategic activities
The relevant partners
The cost structure
Do you need help defininur business model?

Learn more about our services here:An indispensable tool for Singapore Phone Number List entrepreneurs seeking to develop a successful business structure, that is the canvas and example model. Through its simple visual composition, it allows the identification of the key elements that make up a company or brand and how these interact with each other.

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