Nine blocks, one page. Work from right to left: start with your customer and finish with your costs. That way you avoid building a fine internal story with nobody to buy it.
01
Customer Segments
The groups of people or organisations you create value for. Not 'everyone', but concrete segments with shared needs, behaviour and willingness to pay. A strong business model chooses explicitly whom it serves and whom it does not.
Questions that help
- ·Who are you creating value for, and who is your most important customer?
- ·Which segments are willing to pay the most?
- ·Are there segments you serve today that actually lose you money?
Example
A planning SaaS platform targets SME construction firms with 20 to 100 employees first, and installation companies of a similar size second. Freelancers are deliberately not served.
Common mistake
Segmenting too broadly ('Dutch business owners'), so the value proposition becomes generic and nobody feels it is meant for them.
02
Value Proposition
The bundle of products and services that creates value for a specific customer segment. It is the reason customers choose you over an alternative. A good value proposition is concrete, measurable and demonstrably different from what is already on the market.
Questions that help
- ·Which problem do you solve, or which need do you meet?
- ·Which combination of products and services do you offer each segment?
- ·Why would a customer choose you now instead of the existing alternative?
Example
For SME construction firms: 'Plan a week ahead in 15 minutes instead of two hours, with automatic clash detection for materials and people.'
Common mistake
Writing a value proposition that says what you do instead of which problem you solve. 'We make planning software' is not a value proposition.
03
Channels
The ways you deliver your value proposition to your customer segment, from marketing and sales to delivery and after-sales. Channels shape your customer experience and a large share of your costs. Your own channels give you control and margin; partner channels give you reach.
Questions that help
- ·Through which channels does the customer segment want to be reached?
- ·Which channels work best, and which are the most cost-efficient?
- ·How do your channels fit into the customer's routines?
Example
Inbound through SEO content about planning problems, followed by a product demo. Customers upgrade themselves in the app. Onboarding happens in a 45-minute live call.
Common mistake
Choosing one channel with no backup, such as relying entirely on paid ads, and then being exposed to price rises or platform changes.
04
Customer Relationships
The type of relationship you build with each segment. From personal assistance and dedicated account managers to self-service, automated services or community models. The type of relationship shapes the customer experience, retention and costs.
Questions that help
- ·What kind of relationship does each segment expect?
- ·Which relationships have you already built, and what does it cost to maintain them?
- ·How well is the relationship integrated with the rest of your business model?
Example
Self-service for everyday use, a community forum where customers answer each other's questions, and a dedicated customer success manager for accounts with more than 50 users.
Common mistake
Offering every segment the same high-touch relationship. It does not scale and makes your low-value customers unprofitable.
05
Revenue Streams
The ways you earn money from each customer segment. One-off sales, subscriptions, licences, transaction fees, advertising, leasing: each stream has its own dynamics for growth, predictability and margin. It is the bloodstream of your model.
Questions that help
- ·What are customers really willing to pay for?
- ·How do they want to pay: once, per use, by subscription?
- ·Which stream is the largest, and which is growing fastest?
Example
A monthly subscription per user (core revenue, 85%), a one-off implementation fee (10%) and annual on-site training days (5%).
Common mistake
Assuming customers will pay for what you think is important, instead of testing what they will actually get their credit card out for.
06
Key Resources
The most important resources you need to deliver your value proposition, serve your channels and maintain your relationships. Physical (buildings, stock), intellectual (brand, patents, data), human (knowledge, talent) or financial (cash, credit lines).
Questions that help
- ·Which resources does your value proposition absolutely require?
- ·Which of them are scarce or hard to replace?
- ·Which resources do you own, and which do you rent or borrow?
Example
A development team of five engineers, the product itself (codebase and IP), customer data and an established brand in the construction sector.
Common mistake
Writing down only the visible resources (office, laptops) and forgetting the strategically important ones (data, knowledge, brand).
07
Key Activities
The crucial activities you must carry out to make your model work. Product development, production, solving customer problems or running a platform: it differs by type of business. These are the activities you really have to excel at, not everything you do.
Questions that help
- ·Which activities are essential to your value proposition?
- ·Which ones matter for your channels, customer relationships and revenue streams?
- ·Which activities are best done in house, and which should you outsource?
Example
Product development (ongoing), customer onboarding (for each new customer), content marketing (weekly) and uptime monitoring (24/7).
Common mistake
A long list of everything you do, instead of choosing the activities that genuinely set you apart.
08
Key Partners
The network of suppliers and partners that makes your model work. Strategic alliances, joint ventures, buyer-supplier relationships or co-opetition. Partners help you share risk, acquire resources or optimise activities.
Questions that help
- ·Who are your most important partners and suppliers?
- ·Which resources do we get from them, and which activities do they carry out for us?
- ·Which partners reduce risk or speed up access to a new market?
Example
Hosting with a cloud provider, an integration partner for accounting connections, and a network of two implementation agencies for larger customers.
Common mistake
Becoming too dependent on a single partner with no fallback. If that partner disappears, your whole model falls over.
09
Cost Structure
The main costs that follow from your model. Fixed versus variable costs, economies of scale, economies of scope. Some models are cost-driven (low price, lean), others value-driven (a premium experience at higher cost). Both can work; you just need to know which one you are.
Questions that help
- ·What are your largest costs, and are they fixed or variable?
- ·Which activities and resources are the most expensive?
- ·Does your cost structure fit your value proposition and revenue model?
Example
Development salaries (60%), hosting and infrastructure (15%), sales and marketing (15%), other (10%). Mostly fixed costs, with a small marginal cost per new customer.
Common mistake
Underestimating the acquisition cost per customer and not working out the payback time per customer, so you grow your way into losses.