Easy Guide to Creating a Business Plan Model Canvas

Building a successful business in the market is not easy. However, you can determine several strategies so that your business can compete, for example by making business plans. business plan itself has many benefits, such as being a guide for business direction, to supporting initial funding.

More details about understanding, benefits, and how to make business plan Here, you can check the previous article. After understanding it, you should also know the 'branches' business plan named the business model canvas (BMC).

In its own terms, the business model canvas means a management framework for implementing business strategy. The business model canvas has three advantages. Focus, can convey important points. Flexible, can be changed easily. And transparent, the model is easier to catch and understand.

In essence, this business model canvas will greatly help business strategy into a more dense and concise visual framework. You can just create a business model canvas directly online. However, you also need to know the tips on how to make it so you don't enter the wrong idea into each box.

Immediately, see tips on how to make business plan the following canvas models.

Tips for Making Business Plan Canvas Model Well

Before learning to create a business model canvas, first pay attention to the elements in it. First of all, pay attention template business model canvas below.

From the picture, there are 9 important elements consisting of:

1. Customer Segments.Contains a discussion about who the target consumers of your business are, what are their characteristics, and which groups have the potential to repurchase your product.
2. Customer Relations. Targeting consumers to keep buying your product and end up becoming customers requires a strategy to keep them. You can enter these strategies in this section. For example, by asking what activities are needed to maintain loyalty, to how to give satisfaction to target consumers.
3. channels,means channel. This section is about how you get your product into the hands of consumers. When your business is new, consumers will not be familiar with your product. Therefore, in channels, You have to determine a marketing strategy, including in the product promotion section.
4. Value Propositions. This is one of the most important parts, where you must be able to position your business in the market. Value itself means value which will then talk about what your advantages are, the uniqueness of your business, how you answer consumer problems with your product, and what kind of product identity you want to show.
5. Key Activities.The core operational activities your business performs to deliver value proposition made to consumers. Typical examples are product sales and marketing.
6. Key Resources.Contains vital resources or assets of your business that play an important role in keeping the business running.
7. Key Partners. Core cooperation with key parties that will support keyactivities. For example, which party can supply the main materials to make the product. Or also certain agencies to help promote products.
8. Revenue Streams.As the translation implies, this section contains about where you will get your income stream from. Usually, the most important revenue aspects in a business are sources of capital and product pricing.
9. Cost Structure. If in revenue streams emphasize income, then in cost structure discuss expenses. Usually, this section contains marketing costs, space rental fees, fees maintenance websites,

After knowing the nine elements, all you have to do is fill in the empty boxes in each element with your business model. Before that, you must follow these tips so that the ideas in each element are more accurate.

Market and competitor analysis

Before determining your business model, it's a good idea to pay attention to market conditions. Make the real problems faced by consumers an early opportunity for you to start a business. Then study the character of consumers who have these problems.

In addition, you must also pay close attention to fellow businesses that are similar to yours. Observe their shortcomings so that it becomes an opportunity for you to reach consumers.

Enter ideas in order

It is important to put ideas into these 9 elements in order. Most importantly, come first consumer segments and value propositions when starting to create a business model canvas. These two things are the main gates for inserting ideas into the next element.

Adjust to current conditions

Be realistic. You do make a business plan for the future, but to make it, you must be based on real conditions that are currently happening. Enter accurate data and not a hoax.

Entering fake data means you don't understand the real problem consumers are facing. If the problem is just making it up, then automatically the solution you offer is also ephemeral. Indirectly, you make products that consumers don't need.

Review each element relationship

After all the elements have been filled in, make sure you review what you have written. Make sure each element is related or supports each other. If there is one aspect that is not coherent, then correct it again and adjust the root of the concept.

Example of a Food Canvas Business Model