With the COVID-19 issues, businesses are going to have to figure out how to come out of this. And as part of planning your recovery, using this Business Model Canvas from the Strategyzer will help you get more granular information so you can have more specific things to work on.
The 9 Segments of the Business Model Canvas
1. Customer Segments
Think about your current customers, how they feel, how you talk to them, and who they are. Think about how it might be different moving forward.
2. Value Proposition
What could be different in the value proposition you're offering moving forward?
3. The Channels
If you're used to a person-to-person sales process or a storefront type process, consider moving to an online process.
4. Customer Relationships
How do we actually interact with the customer and what changes should you anticipate going forward?
5. Revenue Streams
Once you have your revenues back up again, what might be different moving forward? Examples: lower price point, additional services, your relationship with your suppliers.
6. Key Resources
What are the key resources you either have today or you may need to develop for tomorrow?
7. Key Activities
Rethink your processes so that you can streamline what you do today.
8. Key Partnerships
How can you re-establish relationships with your suppliers, bankers, accountants, and marketers, etc.? You may need to form some new partnerships to help up your marketing game and create future product offerings.
9. Cost Structure
Think about how your cost structure looks like. Are there things you've been doing that you could change, eliminate, or add?
For more ideas on how you can plan your recovery out of this COVID-19 crisis, check out Leading the Factory Forward.
