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Let's recap everything we've learned about using the business model to expand on our business idea.
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There are nine sections in the traditional
business model canvas,
0:00
plus the one that we inserted in there.
0:01
First up is our value proposition.
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A business's value proposition is our
product or
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service through which we offer value to
our customers.
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We create this value by solving a problem
for
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the customer, or by satisfying a need or
want.
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This is very important.
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Our value proposition can be a mix of
different elements.
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Including newness, performance,
convenience, design, and so on.
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