Question

Why do start-up companies prefer to use the Business Model Canvas instead of the conventional business plan?

Answer 1

Answer:

The Business Model Canvas breaks your business model down into easily-understood segments: Key Partners, Key Activities, Key Resources, Value Propositions, Customer Relationships, Channels, Customer Segments, Cost Structure, and Revenue Streams. ... It helps communicate to clients why they should do business with you

Answer 2

Answer:

The business model canvas is a great tool to help you understand a business model in a straightforward, structured way. Using this canvas will lead to insights about the customers you serve, what value propositions are offered through what channels, and how your company makes money.

Explanation:

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