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The 9 building block canvas

From zero knowledge of entrepreneurship, the 9 building block canvas of entrepreneurship is very useful and has taught me a lot about entrepreneurship skills. Even though I am not planning to open up a business or involve in entrepreneurship in the short period but at least using the 9 building block canvas, I have the basic ideas on how to start a successful business, maybe in the future.

The 9 block segment written in a canvas is actually a summary of our group business start up process which covers all part of the process in a simpler way and step by step. The 9 block segments are :

1)      Customer Segment

2)      Value Propositions

3)      Channels

4)      Customer Relationships

5)      Revenue Streams

6)      Key Resources

7)      Key Activity

8)      Key Partners

9)      Cost Structure

Generally, the main objective of the 9 building block canvas is to :

      1)    know the basics of problem solving start up process

      2)    identify the market problem in the industry (what are the problem faced by society in the industry)

      3)    analyze the market of product (market price, cost of production and customer demand)

      4)    ideation of possible solutions (generating ideas on how to solve the problem in the industry)

      5)    develop the action plan (plan what to do and how)

      6)    implementation of the solutions (sell the product to the market)

It is a good and simple technique to explain about the basic entrepreneurship to students besides of let them having a critical thinking skills rather than reading all the notes in the textbook.