This is Excellent. I met with my SCORE Reps 2 weeks ago. I admitted to them that I have avoided writing a business plan. They were so happy to hear me confess this, and are more than willing to walk me through the steps to help me achieve this high priority goal! This video was excellent and I am so excited to finally focus on doing this once and for all! Thank You!
It is a good tool to help folks visually understand what is going on in the organization. It is an easy to start tool to help everyone use a common vocabulary and converse with the hard facts which were previously masked in tons of redtape and mostly in spreadsheets of decision makers. Best part is the simplicity and the common language used to connect all in the organization and bring them all on the same page...
im doing this business model assignment for this semester, and aslo business plan. I wanted to try to find more about question to crete for the part of business model. ur video that provide help me a lot. TQ
Thank you for your lesson. This is helping me to focus and set up a revised model for my small business that is suffering due to COVID-19. Keep up the good work.
Brilliant. I'm studying this eslewhere and needed further clarification. This has really helped, the examples were particularly useful to put it into practice.
Thanks a lot. This session has helped me a lot to understand the business model canvas, especially with the examples provided it make it more practical.
that was great presentation with more clarity on Business Canvas Model. Just wanted to check where can the BCM be used in the banking industry if you could please share few examples ?
The part I require help with is Customer Segments which is the first building block of a business model according to the book. The part that is confusing to me is that it mentions "There are different types of Customer Segments. Here are some examples:" it goes on to list 5 different examples which are 1. Mass market 2. Niche Market 3. Segmented 4. Diversified 5. Multi-sided platforms. Questions I have: Are these 5 different examples different ways you can classify different customer segments? Is the "Mass market" example actually a customer segment? Because it says "business models focused on mass markets don't distinguish between different Customer Segments" does that sentence actually not make it a customer segment since it does not focus on customer Segments? Could you consider age, behaviour, or geography different types of Customer Segments?
And we call this a perfect presentation!!!!. no one, not even the guys with lot of experience can explain it with that precision.. thank you and we expect lot more videos' from you brother
I'm right now actually studying this model business in order to teach people and I had a question? Is this business model actually suitable for people who only sell their products outside of the building? I mean there are some people who did business beside the road and a lot of people especially old people didn't know how to use mobile phone except for calling and sending messages. Can I relate this business model with their business? Thank you :) This video is very simple and easy to understand btw
I have to admit that I disagree with Value proposition of Gillette example. As we can see that Value proposition of Google & Skype saying about what are customer Needs & Gains. But in Gillette case is saying how company make money, acquire and retain their customers with Bait and hook which I think it should be part of revenue stream.
Hello First of all thank you for this brilliant video. I have a question though. I am starting an e-commerce business that will have both B2B and B2C, is it better to have a single Business Model Canvas for both business types? or should I separate them ie; a business model canvas for the B2B and another business model canvas for the B2C? Thanks in advance
You should build both customers into one model under different customer segments. The point of the canvas is to show all of the functions in one page making it easy to digest, I would say making two complicates things slightly and id imagine you'd have some overlap in the other 8 sections too.
Yes. They can be different, for example, a used car dealership might have keeping cars in stock as it's biggest cost structure item, but have sales as its most important key activity.
You got the Value Proposition wrong. It's not about the newness or high performance, it's about addressing pain points and targeting customer needs. Ex: "Get from point A to point B easily without buying a car" or "Drink healthy smoothies at home thanks to our blender". You are describing features/attributes, which is NOT a value proposition. Maybe that's what you mean?
I have to disagree. I made the video after reading the definitive book on this topic: Business Model Generation. I standby what I said in the video, as in the book it explicitly references "newness" and "performance" etc as elements that can contribute to your value proposition. Having said that I can see why it might be confusing. Features/attributes are not mutually exclusive from your value proposition. I think the best way to define your value proposition is by defining what makes someone choose your product and not your competitors. So, getting from a to b without a car isn't a value proposition as every taxi firm in the world offers that. But getting from a to b without a car, cash, or a credit card is moving towards being a value proposition as you're beginning to separate yourself from others. Hope this makes sense and helps.
Thank you for this video I would like to ask some fundamental question : If we fulfill all of this nine blocks, is that mean a success business, or is there some other bocks should be add ? In other words, is that enough or their is some thing else ?? Thanks in advance for your time My best regads
This is by far the clearest and most concise explanation of the Business Model Canvas. This has been really helpful. Thank you so much.
THANK YOU SO MUCH , AFTER 10 YEARS IN BUSINESS I FINALLY SETTLE DOWN TO DO BIZ MODEL DURING LOCKDOWN PERIOD .
I think this is the best BMC video I ever seen. Easy to understand and straight to the point. Thank you!
This is Excellent. I met with my SCORE Reps 2 weeks ago. I admitted to them that I have avoided writing a business plan. They were so happy to hear me confess this, and are more than willing to walk me through the steps to help me achieve this high priority goal! This video was excellent and I am so excited to finally focus on doing this once and for all! Thank You!
4:17 Customer Segments
4:49 Value Propositions
5:23 Channels
6:05 Customer Relationships
7:08 Revenue
7:49 Customer related side of BMC
8:22 Key Resources
8:57 Key Activities
9:21 Key Partners
10:01 Cost Structure
2:33 Overview of Building Blocks
Thank you
👍👏
Thanks brother
Thank you
14:21 Example3: Gillette was very interesting personally. "Bait and hook business model" is something new I learned today, and was easy to understand.
It is a good tool to help folks visually understand what is going on in the organization. It is an easy to start tool to help everyone use a common vocabulary and converse with the hard facts which were previously masked in tons of redtape and mostly in spreadsheets of decision makers. Best part is the simplicity and the common language used to connect all in the organization and bring them all on the same page...
I have a Software Business here in California, USA. I am going to expand my business to Mexico and Canada too.
this concept great. thanks
Youre such a good teacher. This is easy and clear to understand. You helped me writing my bachelor thesis!
im doing this business model assignment for this semester, and aslo business plan. I wanted to try to find more about question to crete for the part of business model. ur video that provide help me a lot. TQ
@@breckendavid9900 scam
Can you share u r business plan
I get to understand this more than the other ones that was explained to me
Thank you very much, it really helps. Just a small note: At the last slide, last sentence instead of 'you should', it is written 'you show'.
The video helped me a lot to create a business model canvas for my class at school. Thanks a ton!
Thank you for your lesson. This is helping me to focus and set up a revised model for my small business that is suffering due to COVID-19. Keep up the good work.
Thank you. Good luck with your business!
Thank you,
I have a much better view of the bigger picture for starting my own cannabis cultivation company!
Best and most systematic I've watched on Business Models so far. Thank you!
The business model explained in the simplest way. Thanks a lot!
Brilliant. I'm studying this eslewhere and needed further clarification. This has really helped, the examples were particularly useful to put it into practice.
Where?
Learning this for 6 months at college, took me this video once to understand.😂
Right!?>
This presentation was very simple and made the BMC very easy to understand. Thank you!
Really thrilled to have found this channel on TH-cam. Am eating up your videos and learning a lot!
Great to hear!
Thanks a lot. This session has helped me a lot to understand the business model canvas, especially with the examples provided it make it more practical.
EXAMPLE 1: Google (10:37)
EXAMPLE 2: Skype (12:36)
EXAMPLE 3: Gillette (14:22)
Excellent video on BMC. Hugely helpful
that was great presentation with more clarity on Business Canvas Model. Just wanted to check where can the BCM be used in the banking industry if you could please share few examples ?
Thank you for this amazing presentation. You must be a really good teacher.
Really good model of business,thanks.
thanks you, for your useful explanation. it opens my mind
شكرا جزيلا... شرح مهم و مفيد اشكرك مرة ثانية بالعربية .
thank you
Business made easy to understand. Thank you so much.
Thank you so much for the explanation. Now I am no longer in the dark.
I have enjoyed every bit of the building block it will help me alot
Thank you so much. Explanation and samples were great!
Very clear and detailed plus it has excellent examples. Thank you so much!!!
The part I require help with is Customer Segments which is the first building block of a business model according to the book. The part that is confusing to me is that it mentions "There are different types of Customer Segments. Here are some examples:" it goes on to list 5 different examples which are 1. Mass market 2. Niche Market 3. Segmented 4. Diversified 5. Multi-sided platforms.
Questions I have:
Are these 5 different examples different ways you can classify different customer segments?
Is the "Mass market" example actually a customer segment? Because it says "business models focused on mass markets don't distinguish between different Customer Segments" does that sentence actually not make it a customer segment since it does not focus on customer Segments?
Could you consider age, behaviour, or geography different types of Customer Segments?
I got confused with that too
Thanks, again top class presenting, exposition and concise
Thank you so much for this, it really helped me understand the BM so easily and clearly. Thanks a lot.
Same, in my last year project too. Thx bruh
111544th
Can u share your plan?
Extremely helpful and straight to the point. Thanks.
Wow... Great work. Clear and concise!
Thanks for sharing us with insightful business model Canvas.
Wish to watch more videos of business or management strategies from you. Well done!!!
Thank you so much... It really helped me understand business model canvas
Thanks for the walkthrough. It solves the mystery of the BM canvas.
This video has been very helpful. Thank you so much☺
Thank you I learned a lot the best video so far
Well elaborated
Great explained.
Really helpful explanation. Simple, to the point and concise. Thanks
I really enjoy watching your video! very informative. Thanks a lot
And we call this a perfect presentation!!!!. no one, not even the guys with lot of experience can explain it with that precision.. thank you and we expect lot more videos' from you brother
Thank you it was a clear info for me on business model
Good, but why start with the customer segment without first finding the problem you are solving?
Thank you for posting such informative video!
Thank you this is very informative and very helpful as well.
Thank you, the easiest way described
Great Job ♥ Man
Thank you for making this video! Wishing you peace and prosperity!
Can you do one about the Value proposition canvas model and similar models to it?
thanks for the explaination.
Thank You 😊
Easy to understand presentation. Thank you
what an amazing video; great explanation and the multiple examples rounds out the content nicely!
Really simpe easy to understand and learn, thank you 💯
Can u send your plan?
Clear and precise
I'm right now actually studying this model business in order to teach people and I had a question? Is this business model actually suitable for people who only sell their products outside of the building? I mean there are some people who did business beside the road and a lot of people especially old people didn't know how to use mobile phone except for calling and sending messages. Can I relate this business model with their business? Thank you :) This video is very simple and easy to understand btw
THANK YOU!!!
Thank you so much❤️❤️❤️
Great thanks!!!❤
with gratitude for idea sharing really simple sample way to understand with eg of google and skypee
Well Done with great clarity
I have to admit that I disagree with Value proposition of Gillette example. As we can see that Value proposition of Google & Skype saying about what are customer Needs & Gains. But in Gillette case is saying how company make money, acquire and retain their customers with Bait and hook which I think it should be part of revenue stream.
Very good
Thanks for your video. It really helps me to finish the business model canvas and I really appreciate that.
can u send me what u did? :D
Thank you, crystal clear information!
good one
Thank you!
it’s a good section
Great.
Really helpful. Thanks a lot!
Excelent video. Thank you very much for sharing!
thank you so much very helpful Sir
Channels (how did your servers delivered to the market?
Well explanined
i love this contain ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
Thanks.. help me a lot
Thank you 🙏🏼🌷👍🏼🇸🇦
Thank you so much
Wow so impressed
nice share..thank you!
just check your last slide: "you should be..." NOT "you show". thanks for the video.
Hello
First of all thank you for this brilliant video.
I have a question though. I am starting an e-commerce business that will have both B2B and B2C, is it better to have a single Business Model Canvas for both business types? or should I separate them ie; a business model canvas for the B2B and another business model canvas for the B2C?
Thanks in advance
You should build both customers into one model under different customer segments. The point of the canvas is to show all of the functions in one page making it easy to digest, I would say making two complicates things slightly and id imagine you'd have some overlap in the other 8 sections too.
Javen Jav thanks bro!
For any types of the canvas, beware to design its up to your business are in it's not fixed.
I noticed that the key activities and cost structure have the same elements. Would there be any cases they are different?
Yes. They can be different, for example, a used car dealership might have keeping cars in stock as it's biggest cost structure item, but have sales as its most important key activity.
helps me alot
EXCELLENT! Thank you!
You got the Value Proposition wrong. It's not about the newness or high performance, it's about addressing pain points and targeting customer needs. Ex: "Get from point A to point B easily without buying a car" or "Drink healthy smoothies at home thanks to our blender". You are describing features/attributes, which is NOT a value proposition. Maybe that's what you mean?
I have to disagree. I made the video after reading the definitive book on this topic: Business Model Generation. I standby what I said in the video, as in the book it explicitly references "newness" and "performance" etc as elements that can contribute to your value proposition. Having said that I can see why it might be confusing. Features/attributes are not mutually exclusive from your value proposition.
I think the best way to define your value proposition is by defining what makes someone choose your product and not your competitors.
So, getting from a to b without a car isn't a value proposition as every taxi firm in the world offers that. But getting from a to b without a car, cash, or a credit card is moving towards being a value proposition as you're beginning to separate yourself from others. Hope this makes sense and helps.
@@epm8805 you people are confusing me now, I need clarity
Im confused. whats the difference between value propositions and key resources
Will a product fail without any one of the building blocks ?
Truly help me! Thanks!
The business canvas was created by Alexander Osterwalder. In fact, it
Thank you for this video
I would like to ask some fundamental question :
If we fulfill all of this nine blocks, is that mean a success business, or is there some other bocks should be add ?
In other words, is that enough or their is some thing else ??
Thanks in advance for your time
My best regads