Several key components form the backbone of any business model:
Value Proposition: What unique value does the company offer to its customers? Customer Segments: Who are the target customers? Revenue Streams: How does the company make money? Channels: How does the company deliver its value proposition to customers? Customer Relationships: How does the company interact with its customers? Key Resources: What assets are essential for the business model to work? Key Activities: What are the critical actions required to deliver the value proposition? Key Partnerships: Who are the external entities that help the business model function? Cost Structure: What are the major costs involved in operating the business model?