These relationships become the basis for lots of business models. It’s needed to optimize their business models, minimize risks, or get resources. Financial resources or financial assurance such as money assets, credit money, or reserves. Yet some types of startups, like science-based or creative ones, require particular attention to HR. Trademarks, information protected by property rights, patents, databases of partners and clients, etc. Material resources – physical objects such as production assets, buildings, equipment, transport, etc.Here you describe the most important active assets of your business model. The ways of managing the company’s workflow. This aspect should also be considered when creating a business model. Additionally, no business can exist without partnerships with external organizations. The processes of conducting the business and the resources for its establishment. So, how to make a business model canvas? The first thing to consider when establishing a new company is its internal structure. The structure of the Business Model Canvas for Online Marketplace Infrastructure In the end, it will become polished and viable. Your initial model will most likely be changed a lot of times. We recommend that each team member evaluates the business model on a 1-10 scale. Is your business model protected from the competition?.Will you earn some money before you spend it?.Is it easy for customers to use your product? Or will they find a cheaper/more convenient alternative?.Evaluate the model according to the following criteria: So you will have a fresh and unprejudiced view of the results of your work. We recommend doing this step a few days after the brainstorming. These simple actions will help you to make the business model more logical and structured.
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