eSign Single Page Business Plan Made Easy

Esign single page business plan

[Music] [Music] do you have a great idea but you don't want to waste time and energies in a complex business plan do you want to put order in your mind and not losing any important part of the idea well there is something called a business model canvas that was already invented by Alexander Osterwalder based on his earlier work on business model ontology published in 2008 which is used by companies like coca-cola GE P&G MasterCard Ericsson Lego or 3m on this model you just have to start writing on a piece of paper or a whiteboard the following things but wait let's take a closer look customer segments this is all the people who we intend to sell our product for example people who practice rock climbing in your area value propositions think about what characteristics make your product at different than other competitors from the customers point of view channels you have to describe how are you going to communicate to your customers and potential clients your value proposition and how are you going to deliver your product are you going to advertise on TV newspaper is it downloadable online are you going to sell it in physical stores customer relationships you need to think about different ways to establish and maintain your clients for a long time is it going to be with subscriptions will you reward your loyal customers with coupons and promos revenue stream just think about that thing that is going to generate money or for your business and how key resources you have to think in all these things that are indispensable for your success is that your website your physical store the people who work with you key activities think in all those activities indispensable for the operation of your idea for example if you are selling apples to a local store an indispensable activity could be apple picking key partnerships think who are going to be your suppliers are you buying your materials in a local supermarket are you importing them from the factory X in China cost structure describe all the costs that are incurred in the operation of your idea remember that not all costs are the same some costs are fixed which means that they remain always the same for example rent water and payroll and others are variables which means that they change depending on your production or sales volume for example the cost of the flower making each apple pie in our apple pie factory the more apple pies you produce the more money you will end up spending profit there must be a profit right this is calculated subtracting the total of all cost from the total of all revenues now that you have your one-page business plan you are ready to go to the next step and start implementing it the canvas model is very useful to put ideas in order as well as a powerful presentation tool if you need to pitch your idea in a very simple fast and visual way [Music] [Music]