A business model canvas is a tool entrepreneurs use to identify the key ingredients that make up their business and often form a business plan’s foundation. A lot more detail is included with a business plan, but the canvas does a great job of getting things started.
What your co-op will do, why it needs to do this, and how it will function as a business should become clear by completing a business canvas. But, before starting this exercise, try answering the following questions:
- Who are the co-op’s owners?
- What services will the co-op provide?
- Where will the co-op operate?
- Who will use the co-op’s services?
If you could provide a basic answer to these questions, go forth and conquer the canvas.