Business Model Canvas

 Funding any business idea majorly depends on how strong,innovative and relevant the business plan is.

A business model Canvas is a blueprint that demonstrate how a business will develop itself.

It objectively indicates how a business creates value for itself when delivering products or services to customers.

Purpose of a business model Canvas.

It is done both for internal and external purposes.

1.The external purpose is to rise enough capital for the business.

2.The internal purpose are:

Defines the vision for the company

Establishes the mission of the company

Describes how the strategy will be implemented

Provides a plan for the development of the business 

Helps the entrepreneur to be realistic and put their theories to the test

There are different ways which can be included in a business model Canvas of any entrepreneur.

1)key partners 

These are the people you partner with for your business to be successful .some of the partners an entrepreneur can partner with are:

 Schools

  Community

  Small and large scale farmers

 2)Customer relationship

How an entrepreneur relates with his/her customers.what after sell services does he/she offer to customers.

3)Channels used to make the business run effectively

Here an entrepreneur can use demos,email, website,radios and social media.

Key resources

These include what the entrepreneur has as his/her stock.

5)These help in the daily running of the business.They include:

Electricity

Personnel

Transport

Administration cost

6) Revenue stream

Sale of products or getting money from the services offered by the entrepreneur.