Draw your One-Page Business model.

The term?business model refers to a company's?plan?for making a profit. It identifies the products or services the?business?plans to sell, its identified target market, and any anticipated expenses.?Writing your business plan on one page will be an extremely useful tool to help you refine your business strategy quickly and easily

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Following steps of sequence that defines Business model:

1.?Value proposition: What will you exclusively offer to your customers?

2.?Customer segments:?Who is your target customer?

3.?Channels: How will you reach your clients? Through what channels?

4.?Customer relationships: How will you receive feedback from your clients?

5.?Revenue streams: How will you make money? Who will pay you and what will they pay you for?

6.?Key resources: What resources are necessary to create and deliver the value proposition to target customers?

7.?Key partners: What partners are necessary to make this business model work?

8.?Key activities: What activities and tasks will you have to handle to create and deliver your value proposition?

9.?Cost structure: What fixed and variable costs will you have to bear?

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Summary- Write one or two sentences about ONE of the following:

? Business concept ? Current situation ? Key success factors ? Financial situation/needs

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The benefits of a one page business plan:

Simple presentation?—?Investors don’t have lots of time to read and one paged can get the idea of your business across quickly and succinctly.?

Approachable pitch —?Having a one page plan makes it easier to share, even if you’re not pitching in front of investors.

Focus on what’s important —?It’s actually a very good exercise to trim it down to the absolute minimum, and doing so forces you to trim needless words and communicate your business idea clearly.

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A Useful Exercise

A one-page business plan isn’t just busy work. It’s a clear and concise way to spur your audience into action—and to force yourself to think critically about your business. Adapt the outline for a standard business plan, and you’ll have a single-page plan that’s crisp and effective. Another best practice when developing the one-pager is to focus on the strengths of your business.

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Thanks.