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Testing Your Business Model: Does it Work?

4/12/2016, 1:00:00 PM
Greater Louisville Inc
Start
4/12/2016, 1:00:00 PM
End
4/12/2016, 3:00:00 PM
Organizer
Unknown

The Business Model Canvas is a useful tool for both startup companies and growing businesses. It gives you the structure of a business plan with the improvisation of a 'back of the napkin' sketch. The Canvas has 9 components (or building blocks): Customer Segm

The Business Model Canvas is a useful tool for both startup companies and growing businesses.  It gives you the structure of a business plan with the improvisation of a 'back of the napkin' sketch. The Canvas has 9 components (or building blocks):
  • Customer Segments
  • Value Propositions
  • Channels
  • Customer Relationships
  • Revenue Streams
  • Key Resources
  • Key Activities
  • Key Partners
  • Cost Structure
Each block defines a very specific part of your business. You can use the canvas to define how each component of your business functions. This way, you can easily spot potential weaknesses and strengths of your business, and then use that information to anticipate and act on them. We'll show you how to apply the principles of the Canvas to your business to create strategies that can then tie into a business plan.