Creation should include using the business model canvas, a business tool used to visualize all the building blocks of starting a business, such as
- key partners
- key activities
- value proposition
- customer relationships
- customer segments
- key resources
- channels
- cost structure
- revenue streams.
Teacher Resources:
Process/Skill Questions:
- What is a business model canvas used for?
- Why is a business model canvas important?
- How does a business model work?
- How will the venture define one unit?
- What is the cost of one unit of the new product or service?
- How will the new venture generate revenue?
- How will the new venture generate profit?