How does the Business Model Canvas work?
With the Business Model Canvas, everything works in the same way. You only need a large sheet of paper, for example A0 format, different coloured Post-its and pens. Divide the sheet of paper (canvas) into nine segments of different sizes and put the name of a key factor into each segment. You will learn about these in more detail later.
To get started, you just need to sit down on your own or with your team and do some brainstorming. You then note down the keywords for your ideas and thoughts for each key factor on the Post-its. You then stick these in the relevant segments of the grid. You can also use drawings and stick these on the grid.
If you subsequently find that the keywords don’t fit the respective key segment or fit another one better, you can simply remove them or stick them somewhere else. In this way, you build a segmented collage of your ideas about the business model; you can then group them into clusters and relate them to each other. This should ultimately help you to find a marketable model.