Business Model Canvass

                  As we go along with our discussion, I just realized that Business model canvas is really important for starting up a business. It’s a first step that must be considered before starting the actual operation of the business. Why business model canvas is important and must be considered? This canvas is a template that let the person to form the hypothesis about his business. Part of it is to identify his target market and how and what ways his business will earn. With this, a person could see the things that he must execute. Therefore, business model canvas is a way where a person putting up a business will think many possibilities about his business going whenever he will make it a real one. Part of the discussion was presenting the nine components of the canvas. Each of the components are unique to each other, stating what are the needs and must considered in putting up a business. Another thing about this canvas is that a person could identify and adjust something about his business. It will really help a person to evaluate and think things over again which is right before making the ideal business as a real one. From this discussion, I learned that everything must be think over and over again. Following a process is a must before executing what you have in mind. In exchange to that, you will have a great chance to be successful in what you were planning to put up to since you have evaluate and analyze that must be considered. Maybe, if ever I will have the chance to put up my own, I will surely and firstly put up the business model canvas in the list before anything else.