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I see a little bit of discussion on here about business ideas, and questions like “why don’t people pay for paid apps?” - I think the business model canvas is a
by Quinzel 3y ago
I see a little bit of discussion on here about business ideas, and questions like “why don’t people pay for paid apps?” - I think the business model canvas is a simple tool that helps you to visualise your business model, and understand where and how you can add value to your business. It’s also useful for helping to identify your competitive advantage.
I would say, if you’re struggling to describe your key value proposition, you probably don’t have one.
When trying to create a business, or add value, this is not the only tool I would recommend, but it’s definitely one of my favourites for a quick way to check where you’re at without writing out a lengthy business plan.
I’ve linked in the wiki-page, but I originally came across the business canvas model from strategyzer when studying digital transformation and global business strategy.