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The hidden intel #5
the elimination begins now 🎬
Hey hey,
Welcome back to The Hidden Intel 💎 This post-episode review dives into the main lessons, and key points and helps you better understand and apply the highs and lows of entrepreneurship.
Today we’re covering:
The new trailer just dropped
The business model canvas explained
Let’s begin 🎢
INTEL 🧠
The rollercoaster just sped up!
Some dreams will be crushed, while others will fly.
Who will make it through this elimination stage?
After five episodes of introducing all the startups to their mentors, it's your turn to witness the survival of the smartest startups.
Your front-row seat awaits you. Get ready for what's coming!
LEVEL UP ⬆️
What is a business model canvas?
When diving into the startup world, it's like stepping into a whirlwind of ideas and excitement.
But to navigate this whirlwind successfully, entrepreneurs need a map, and that's where the Business Model Canvas comes in.
The Business Model Canvas is a strategic management tool used to visually represent and explore the key components of a business model. It consists of 9 building blocks:
Customer Segments to identify the target customers for the product or service.
Value Proposition that describes the value or benefit that the product or service offers to customers.
Channels that outline how the product or service will be delivered to customers.
Customer Relationships that defining the type of relationships a business establishes with its customers.
Revenue Streams to identify the sources of revenue for the business.
Key Resources to listing the essential assets required to operate the business.
Key Activities to describe the primary tasks necessary to deliver the value proposition.
Key Partnerships to identify external partners and suppliers crucial to the business's operations.
Cost Structure to outline the costs associated with operating the business.
With this canvas, you can sketch out your business model, tweak it, and even pivot if needed—all in a clear, visual way.
It's like having a GPS for your startup journey, helping you stay on track and make those crucial decisions that can turn your dream into reality.
Learn more about the business model canvas 👇
In case you missed it 🍿
Catch you next week for more updates, just like this one!
The team behind The Founder Games 👾
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