How to Use a Business Model Canvas to Fortify Your Bottom Line

Business Management
Published

For any business to grow and maintain success, owners and managers need to understand how every aspect of the operation aligns with the core business. If one essential component isn’t in sync, it could significantly impact the company’s revenue and longevity.

In the latest installment of NAHB’s BizTools Video Series, Edwin Williams, CEO of ZenHammer, highlights the importance of using a “business model canvas” to visualize the company’s key priorities more clearly.

Williams describes the business model canvas as a simplified version of a business plan that allows one to visually track operations and activities to map out the entire business model. Using this model helps a business identify the value it provides to the customers so it can more effectively prioritize its strategies.

In the full video, Williams explains in detail the essential components of the business model canvas, including:

  • Strategic partnerships
  • Key activities
  • Vital resources
  • Value propositions
  • Customer relationships
  • Customer segments
  • Costs and revenue

Williams then discusses how the components are interconnected, helping to ensure that business revenue outweighs the related costs.

To watch this month’s video, Business Planning Part 2: Using the Business Model Canvas to Better Understand Your Business, and to get more business planning tips, subscribe to the BizTools Video Series.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

Workforce Development

Oct 07, 2025

NAHB HBCU Cohort Prepares Students for Success in Construction

NAHB’s third annual Historically Black College and University (HBCU) Student Leadership program held a three-day learning, networking and development meeting in Washington, D.C.

Workforce Development

Oct 06, 2025

NAHB Grants Fuel Hands-On Learning for Future Builders

Across the country, NAHB’s Boys & Girls Club partnership funding — available through Career Connection at the National Housing Endowment — has helped local HBAs introduce young people to careers in the trades.

View all

Latest Economic News

Economics

Oct 07, 2025

Minority-Owned Residential Building Firms Continue to Rise

The share of minority-owned new residential builders and remodelers has more than doubled since the Great Recession, with noticeable gains from 2017 to 2022. Nevertheless, when compared to the overall U.S. population, minority-owned firms continue to be underrepresented within both housing sectors.

Economics

Oct 06, 2025

Shorter Apartment Construction Time in 2024

The average time needed to complete construction of a multifamily building after obtaining authorization edged down in 2024, according to the 2024 Survey of Construction (SOC) from the Census Bureau. On average, it took 19.6 months from permit to completion, about 0.3 months shorter than in 2023.

Economics

Oct 03, 2025

Supply-Side Cost Pressures Drove Housing as Inflation Leader in 2024

Though the rate of inflation peaked in June 2022, consumer prices continued to increase throughout 2023 and 2024 as inflation drove further price growth, according to 2024 CPI review from the Bureau of Labor Statistics.