1. Customer Segments
Who exactly you create value for. Not 'small businesses' — a group specific enough that you could name ten of them.
Example: Solo bookkeepers with 15–40 recurring clients who still reconcile by hand.
Common mistake: Describing a market instead of a person.
2. Value Proposition
The specific job you get done and the pain you remove. Stated in the customer's words, not yours.
Example: Month-end reconciliation goes from two evenings to twenty minutes.
Common mistake: Listing features instead of the outcome the customer buys.
3. Channels
How the customer discovers, evaluates, buys and gets your offer.
Example: Bookkeeper Facebook groups → free reconciliation template → trial.
Common mistake: Assuming a channel works before you have sent one message through it.
4. Customer Relationships
What the customer expects from you after they say yes: self-serve, hands-on onboarding, community.
Example: One 20-minute setup call, then fully self-serve.
Common mistake: Promising a level of support the price cannot fund.
5. Revenue Streams
What people actually pay for, how much, and how often.
Example: €29/month per bookkeeper, annual option at two months free.
Common mistake: A price picked by looking at competitors instead of at value delivered.
6. Key Resources
The assets the model cannot run without: people, data, IP, capital, brand.
Example: Bank-feed integrations and a rules engine trained on real ledgers.
Common mistake: Listing things you wish you had rather than what you have.
7. Key Activities
The handful of things you must do well every week for the model to work.
Example: Keeping integrations alive, and improving match accuracy.
Common mistake: Writing a to-do list instead of the two or three activities that matter.
8. Key Partners
Who does what you deliberately choose not to do, and who gives you reach.
Example: Accounting software vendors listing you in their marketplace.
Common mistake: Naming partners who have never committed anything.
9. Cost Structure
What it costs to keep the model running, split into fixed and variable.
Example: Integration fees per connected bank, hosting, one part-time support person.
Common mistake: Forgetting the cost of acquiring each customer.