Takin Care of Business ... Business Model Cavas

In our first class we talked about “Takin’ Care of Business” using the Business Model Canvas from the Business Model Generation.

Models:
- give us ways to experiment
- give us ways to predict the future
- and are simplified representation of reality

It broke down the Business Modeling using the 9 key building blocks:

1.   Value Proposition – What is my business product
2.   Customer Segments – Who is the product for
3.   Costumer Relationships – How do we relate to our Customers
4.   Channels - How am I getting them the product
5.   Key Recourses - What do we need do to make that product/service
6.   Key Activities - What do we have to do to make that product/service
7.   Partner Network – Who do we partner with and how
8.   Cost Structure - What are we getting for this product
9.   Revenue Stream – How will we make money

We were told to do two Business Canvases. I chose to one for a fitness gym and the other for a wedding consulting business.

For the gym, I tried to apply my knowledge from being a customer of a gym and trying to understand what I thought they may need.

For the wedding planner, I remembered some of the things that I experienced while working with a wedding planning company.