Money, pricing & model

What is a business model canvas, and how do I fill one in?

The Business Model Canvas is a one-page template, created by Alexander Osterwalder at Strategyzer, that shows how a business makes money in boxes: customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partners and cost structure. Fill it in pencil, customer side first: who buys, what you promise them, how you reach and keep them, what they pay; then the resources, activities, partners and costs it takes to deliver that. Every box is a guess to test with customers. Before you have a product, Ash Maurya's Lean Canvas is the startup version, swapping in problem, solution, key metrics and unfair advantage.

Part of SWOT and business model canvas on eChai Explore.

Go deeper

7 resources, 7 link-checked.

▶️ Video
✓ Link checked Free Beginner

Strategyzer's short animated walk through each box of the canvas and how the right side (customers and value) drives the left (resources and costs).

Business Model Canvas Explained

On youtube.com by Strategyzer ~2 min

  • Fill the customer side first; the cost side follows from it.
  • Watch it once before you sit down with a blank canvas.
Watch on YouTube youtube.com →
📖 Book
✓ Link checked Paid Beginner

The book that introduced the canvas, co-created by 470 practitioners from 45 countries, with worked examples of business models taken apart box by box.

Business Model Generation

From strategyzer.com by Alexander Osterwalder and Yves Pigneur

  • Read the patterns section to see how familiar businesses fit the canvas.
  • Use it as a reference, not a cover-to-cover read.
Open strategyzer.com →
✍️ Essay
✓ Link checked Free Beginner

Steve Blank's definition of a startup as an organisation formed to search for a repeatable and scalable business model, and why that makes it different from running a known business.

What's A Startup? First Principles

From steveblank.com by Steve Blank 8 min

  • A startup is searching for its model; an established business is executing one.
  • Treat every part of your plan as a hypothesis until customers confirm it.
Open steveblank.com →
📋 Template
✓ Link checked Freemium Beginner

A one page template that forces you to write down the problem, the customer, and why you are placed to solve it, all on a single sheet you can revise fast. Filling it in surfaces the weak spots in your idea quickly, especially whether the customer group is reachable and the problem is specific. Use it as a scoring sheet for a new idea rather than a formal business plan.

Lean Canvas

From leanfoundry.com by Ash Maurya one page

  • Forces problem and customer to the front, ahead of the solution
  • One page makes gaps and hand-waving in your idea obvious
  • Cheap to redo, so you can compare several ideas side by side
Open leanspark.ai →
📋 Template
✓ Link checked Free Beginner

The actual one-page canvas, free to print or copy into a doc, so you can fill it in within the hour instead of reading a whole book first. Use it before your first round of customer conversations to write down what you think is true, then use it again after to see what actually changed.

Lean Canvas template

From LEANSTACK by Ash Maurya

  • Fill in customer segment and problem before solution, in that order.
  • Leave boxes blank rather than guessing, a blank box tells you what to go find out.
  • Keep one canvas per customer segment if you are testing more than one type of user.
Open leanstack.s3.amazonaws.com →
🛠️ Tool
✓ Link checked Freemium Beginner

A one-page tool for writing down what you have learned about a customer's jobs, pains, and gains, then checking whether your idea actually addresses them. For an outsider it forces you to fill the customer side first, from real research, before you let yourself describe a solution. Print it and revisit it after every batch of interviews.

The Value Proposition Canvas

From Strategyzer by Strategyzer template

  • Map the customer's jobs, pains, and gains before your solution
  • Fit means your offer relieves their real pains and creates real gains
  • Fill the customer side from evidence, not assumptions
Open strategyzer.com →

Terms in this answer

People also ask

Also in D2C

The same ground, over in Money, pricing & unit economics, our D2C track.

Also in How Founders Use AI

How founders actually use AI for this, over in Finance & Accounting.

Also in GTM

The same ground, over in Close deals and price right, our GTM track.

Also in Wealth

The same ground, over in Founder money foundations, our Wealth track.

eChai Partner Brands The partnership →