Business model canvas - your path to success!

What is business model canvas and why is it needed?
According to research, more than 70% of startups fail in the first three years of their existence. One of the main reasons for this is the lack of a clear business model.

Companies using the canvas business model, on average, profits by 20% .
What is this tool and how is it possible?

Let's figure it out.
Business model canvas (or simply BMC) is a universal model that turns complex business ideas into clear and accessible schemes.
BMC is a strategic tool for business model development and innovation. It is a tool for visualizing and structuring a company's business model.
Using a business model canvas, you can visualize how all the elements of your business are interconnected and how they work together to achieve success.

The BMC is used by over 5 million companies worldwide to structure and visualize their business models.
Companies that regularly update their business model using canvases demonstrate a 15-20% increase in profits within two years of implementing the changes.

How can business canvas be useful for different categories of business?

For startups : allows you to structure ideas and identify key components of the business, as well as calculate all weak points and identify growth points.

For existing companies, it helps optimize business processes, allowing them to identify weaknesses in the current model and adapt their strategy to changing market conditions.

Canvas is not only an analytical tool, but also an effective means of communication with partners and investors. It allows you to clearly present a business model without having to delve into complex documents.

The canvas can also be used to test different hypotheses about a business by changing components of the model and assessing their impact on overall performance.

So, a business model canvas that is suitable for both new startups and existing companies. It promotes a deeper understanding of customer needs and helps to find new opportunities for growth and innovation.

The BMC consists of nine key building blocks, each covering important elements of the business model:
1. Customer segments : defines target customer groups for whom value is created.
2. Value propositions : describes unique offerings that attract customers and solve their problems.
3. Channels : the ways in which a product or service is delivered to customers.
4. Customer relationships : customer engagement strategies to maintain and develop relationships.
5. Revenue streams : The sources of income a business receives from its customers.
6. Key resources : important assets and resources required for the operation of a business.
7. Key activities : the primary actions a company performs to create value.
8. Key partners : external organizations or companies with which a business collaborates to achieve its goals.
9. Cost structure : All costs associated with running a business

In order to fill out the business canvas correctly, you need to go through the following steps:
Collect the necessary information about the business.
Define the goals and objectives of filling the canvas
Identify key partners and suppliers.
Identify the key activities required to operate a business.
Identify the key resources needed for the business.
Identify unique offerings for customers.
Identify ways to interact with customers.
Identify ways to deliver value propositions to customers.
Identify target customer groups.
Identify the main business costs.
Identify sources of income.
Conduct a Business Model Strengths and Weaknesses Analysis
Identify possible improvements and changes
Make final edits and additions.
Documenting the results and preparing a report.

You might think: "Easier said than done".
Indeed, filling out a business canvas requires careful analysis and a deep understanding of the business.
Analysis and completion of each of the 15 stages takes from one day to several weeks.

Sometimes it is necessary to bring in external experts or consultants to fill out the business canvas. This can be expensive and require additional time to find and select the right specialists.
A business model canvas is not a static document. It requires constant updating and adaptation as market conditions, customer needs, and internal processes change. This means that you need to regularly review and adjust the canvas, which requires additional time and resource expenditures.

Precious time may be lost. And instead of an effective tool you will get more difficulties. 

However, there is a solution!

MarketFlowz - your ideal assistant!
This is MarketFlowz. The service allows you to get all the necessary information in less than a day, significantly simplifying and speeding up this process.
The main function of which is to form a strategic, detailed and understandable document for subsequent implementation

The principle of MarketFlowz is based on the analysis of more than 450 artificial intelligence parameters in real time.

Steps to get ready-made marketing strategy
To get a ready-made marketing strategy, you need to go through only three steps:
1. Enter a few sentences about your new product idea.
2. Select the package you need and fill out the form. Make payment without leaving your home using a bank card or PayPal.
3. Please allow up to 24 hours or less for MarketFlowz to generate strategy files for you.
MarketFlowz will email you your finished marketing strategy files!

Let's take a closer look at the TOP 5 advantages that make MarketFlowz unique and in demand on the market.
1. Deep analysis and a high level of detail will allow you to create more relevant and personalized marketing campaigns that resonate better with your audience. This will help you allocate your budget efficiently, increase conversions and revenue.
2. The final document will detail each step of creating or transforming your business. It is a step-by-step guide that will allow you to act without having to think too much – just follow the instructions. This will save you time and eliminate the possibility of mistakes.
3. Further analysis of your unique selling proposition will help you identify the aspects that make your product unique and valuable to your customers. When customers see that your product or service offers something unique and valuable, they are more likely to become repeat customers. This leads to more repeat sales and positive reviews.
4. Additional analysis of PESTLE and Porter's five forces in combination allows you to get a comprehensive view of the external and internal environment of the business. This helps to develop more informed and effective strategies that contribute to the sustainable growth and competitive advantage of the company. Which will lead to its sustainable position in the market
5. Additive SWOT analysis reduces the risk of errors and increases management efficiency. It also allows for more rational allocation of resources and increases overall business efficiency.

In addition, Market Flow performs market analytics based on artificial intelligence. This provides companies with powerful tools to increase efficiency, reduce costs and improve customer experience:

- provides more accurate forecasts of market behavior, product demand and consumer preferences.
This means you will deliver the right messages to the right people at the right time, which greatly increases the effectiveness of your marketing efforts.

- helps to avoid unnecessary costs on ineffective campaigns.
use your advertising budget as efficiently as possible.

- helps create deeper and more meaningful relationships with clients.

So, if you are looking for a reliable and innovative solution for your tasks, MarketFlowz is exactly what you need.

Don't miss out on the opportunity to take advantage of all the benefits our service offers for the price of a restaurant dinner for two.

If you still doubt whether the MarketFlowz service will help you, leave your email and we will send you a free checklist by email, thanks to which you will be able to figure out whether your business needs a business canvas.