Building your Business Model Canvas

Key Activities and Your Business Model According to Strategyzer, when it comes to the Business Model Canvas, key activities are any activities that your business is…

Garvey Trade & Development has received such overwhelming response that we have expanded our services to the Charleston area. We provided micro enterprise and entrepreneurial training.

Our corporation is a collaboration of professionals and community leaders who focus on change. We are an international organization provided services globally. Our main office is located in Columbus, Ohio.

Our consultants are potential partners in our business. Your responsibilities would include:
Marketing
Co facilitation of training sessions
Co Host workshops
Mentor/Coach graduates of our Entrepreneur Academy

Great opportunity for those interested in social enterprise and entrepreneurship

Commission and bonus opportunities. Only the serious need to apply.
Forward email to: [email protected]

Please post a copy of your business model for review

Where a business model is a blueprint, a business plan is a roadmap. A business plan is a formal written document that includes a description of the business you want to run, your business goals, and the plan for reaching those goals.

A business plan is a detailed document that contains sections such as: Marketing Plan, Startup Expenses and Capitalization, Management and Organization, Products and Services, and Operational Plan.

A business plan is usually developed around the answers to three common questions:

Where are we now?
Where do we want to be?
How are we going to get there?
And is usually written for one or more of these five reasons:

To test the feasibility of your business idea and work out any bugs on paper first.
To develop strategies ahead of time for marketing, finance, operation and human resources, instead of when you’re in the fast-paced start-up stage.
To get funding, such as a bank loan.
To attract investors.
To have a roadmap to follow for at least the first year in business.

The business model is a blueprint for the business, outlining how you’re going to run your business, and how you’re going to make money.

There are five elements of a business model:

Business concept: A short description of an opportunity, including a description of your average customer; the benefit of your product or service to the customer; the product or service; and the way you’re going to get your product or service to the customer.
Value chain position: Your business’ position on the chain of activities through which products and services pass to get from you all the way to the end user.
Calculating customer value: An estimate of the value of the tangible benefits your customers will receive by purchasing your product or service.
Revenue sources and cost drivers: Identifying your sources of revenue, and activities that come at a cost.
Competitive advantage: The state when customers perceive your products or services to be superior to your competition.

Business Model vs Business Plan

There is a difference between a Business Model and a Business Plan. What most people in business do not understand is that in order to have a professional business plan; you must first develop a business model.

1) The Business Model is the mechanism (canvas) through which the company "generates it's profits".
2) The Business Plan is a document presenting the company's strategy and expected financial performance for the years to come.

The Business Model is at the center of the business plan. The business model describes how the company is positioned within its "industry's value chain", and how it organizes its relations with it's suppliers, clients, and partners in order to generate profits. The business plan translates this positioning in a series of strategic actions and quantifies their financial impact.

Business Plan: Explains why you are in business
Business Model: How and where you run your company

The U.S. Small Business Administration refers to the business model as a company's foundation and the business plan as its structure. The business model is the original idea for your business and a general description of how it functions. The business plan elaborates on the details of your business idea.

Some examples of succesful business models.

The Business Model Canvas value proposition provides a unique combination of products and services which provide value to the customer by resulting in the solution of a problem the customer is facing or providing value to the customer. ... It is important for a product to solve a problem in a unique way.