Entrepreneurs In Training | Fail Your Way To A Freedom Lifestyle | Create Online Businesses

Shownotes with links and details at www.entrepreneursintraining.net/28 We used the Business Model Generation canvas to develop our online yoga business model. In this episode we distinguish a business plan versus model thanks to Steve Blank, describe the BMG canvas, and walk you through a canvas example using our own bait and hook business model. The business model generation canvas has 9 building blocks: Customer segments: Who are you selling to? Value Proposition: What are you selling? Channels: How do you reach your customer segments to deliver your value proposition? Customer relations: What Type of relationship will your business have with its customers? Revenue Streams: How do you make money? How do customers pay for what you are selling? Key resources: What are the most important assets to make your business work? Key Activities: What are the most important things your business must do to succeed? Key partners: Who will you partner with to make your business work? Cost Structure: What are the costs to