Step 3: Business Model Canvas: Visualizing and understanding the various components of the project.
The Business Model Canvas (BMC) displays a business model, and it contains nine blocks: fi ll in each one using stickies, links, sketches, pictures, and videos. Use this business model template collaboratively with your team to clearly explain and visualize your business.
“ A business model describes the rationale of how an organization creates, delivers, and captures value”
Your project idea is starting to take shape — now it’s time to think like a changemaker!
The Business Model Canvas will help you organize your idea and understand how your project will work in real life. Don’t worry — you don’t need to be a business expert! Just answer the questions below based on what you already know or imagine for your project. This will help you plan, make smart decisions, and get support.
