If you are new at business start-up then you have found the perfect blog post for you. I am going to lie out in simple steps (given that order can vary from start-up to start-up). My goal is to get the wheels turning so you can develop your own protocol that works for your business. The most appealing attribute of being an entrepreneur is there is no single right way to start your new business venture. In fact, there are countless ways to get from point A to point B. The choice is yours in what path you take in starting your new business.
How your business is going to make money and what will be your strategy and approach?
Revenue Streams will form as you successfully deliver your value proposition to your customers. You will begin to notice how the Business Model Canvas (BMC) flows and each segment supports our value proposition. Remember that the right side of the BMC is all about generating positive cash flow.
My previous blog post introduced to you the Business Model Canvas (BMC) and the nine (9) building blocks. This blog post is going to be the first of three (1 of 3) focusing on the right side of the BMC. Strategyzer.com references the right side (customer segments, customer relationships, channels, and revenue streams) of the BMC as the “front stage.” The Front Stage is where all the interaction takes place and is visible to your audience. This is where you will see all interaction with your clients, customers, and end-users.