Business model canvas template
Modify this business model canvas template to map out your business model and identify ways to test or optimize it. Collaborate with others to visualize cost centers, profit centers, and key value propositions.
What is the business model canvas?
When it comes to starting a business—or improving an existing one—planning is everything. But you may not have the time (or need) for a full-fledged business plan. At least not right away.
This is where a business model canvas comes in. A business model canvas is a single-page document for outlining your business plan and strategy. If your business were a ship, a business model canvas would help you answer that crucial question: Will it float?
Your business can’t succeed if you are spending more money than you are making. (Hopefully this isn’t news to anyone!) Before starting a business, it’s crucial that you consider the cost and revenue centers in your business model. A business model canvas breaks this process down into just nine steps, which we’ll dive into below.
How to make a business model canvas in Lucidspark
Business model canvases are meant to be quick and effective. You need to focus on the content of the document, not the structure. And with Lucidspark’s business model canvas template, you don’t have to worry about structure at all.
Use this template to create a blank business model canvas and work through these nine steps.
- Value proposition: What problem do your customers have and how are you going to solve it for them?
- Customer relationships: How will you communicate and build rapport with your customers? Each instance of communication should further promote your product or brand as a solution to a particular problem.
- Customer segments: What people and organizations do you create value for? List them out.
- Channels: At what points do you interact with customers to deliver value? How are they purchasing your product? It should be easy for customers to say “yes” to your solution!
- Key partners: What individuals, businesses, or other entities do you rely on to deliver your product to customers? These might be distributors, suppliers, etc.
- Key activities: What activities are absolutely essential to create, deliver, and promote your product? Those are your key activities.
- Key resources: What resources do you need to create, deliver, and promote your product? If it’s not essential, it’s not a key resource.
- Cost structure: How much will you spend on key resources, partners, and activities? That’s roughly how much it will cost you to run your business.
- Revenue streams: How will customers purchase your product and how much will it cost them? Is it a one-time purchase or subscription-based?
With Lucidspark, you can invite others to your board to contribute their ideas or give feedback. If you’re ready to present your business plan and strategy, you can even use Presentation Mode, to turn your sticky notes into a more polished slide deck.