Business Model Canvas

The Business Model Canvas is a tool used exclusively for documenting existing business models.

The Business Model Canvas provides a visual chart with elements describing a firm's value proposition, customers, and finances.

The primary purpose of the Business Model Canvas is to assist businesses in making financial decisions.

The Business Model Canvas is a tool used for strategic management and planning.

The Business Model Canvas is used to describe a firm's internal infrastructure and operations.

One of the reasons for business plan failure is that the entrepreneur has a total commitment to the business and family.

An entrepreneur with experience in the planned business is likely to fail.

Establishing a customer need for the proposed product or service is not crucial for business success.

Setting measurable objectives is not important for business success.