ENTREPRENEURSHIP

Detailed explanation-1: -It’s a single, clear, compelling message that states why you are different and worth paying attention to.

Detailed explanation-2: -There are also nine essential sections in the Lean Canvas, each of which represents a crucial element of the business. These include problem, solution, key metrics, unique value proposition, unfair advantage, channels, customer segments, cost structure, and revenue streams.

Detailed explanation-3: -Value propositions This is the building block that is at the heart of the business model canvas. And it represents your unique solution (product or service) for a problem faced by a customer segment, or that creates value for the customer segment.

Detailed explanation-4: -Key activities – the key activities building block describes the most important things a company needs to do in order to make its business model work. These are the most important actions a company takes to successfully operate.

Detailed explanation-5: -Perhaps the most important part of your canvas is the customer segments. If you don’t know who your business is catering to you’ll never be able to sell to them. You need to figure out who your customers are and why they would buy from you.