The nine building blocks allow you to not only develop new business models, but to change and optimize existing ones as well.What are the advantages of using a Business Model Canvas? But that’s not all the Business Model Canvas has to offer. The canvas fields can be continually updated and amended to reflect any new developments. Now you’re ready to decide which strategy and which business model you want to pursue. Once you have worked through all these building blocks, you’ll have a detailed picture of your goals and activities. Cost structure: What funds are available and for what?.Key partners: Who are you most important partners?.Key activities: Which activities are most effective?. ![]() Key resources: What are your most important resources?.Revenue streams: What are your customers willing to spend?.Customer relationships: How can you build and cultivate relationships?.Channels: Where can you address your customers most effectively? How do you integrate your communication and sales channels?.Value proposition: What needs do you satisfy with your product/service? What benefits do you deliver to customers?.Customer segments: For whom can you create value? Who are your most important customers?.There are 9 building blocks to look at in your planning:
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