The Business Model Canvas is an excellent tool to create a business model and present your ideas. It gives a clear picture of how you will make money and sustain your business. The Business Model Canvas will challenge you by making you answer tough questions about your business which would help you to be more prepared to start a business. The Business Model Canvas should come before your business plan. Although some refer to the Business Model Canvas as a one-page business plan, it should not replace your business plan. But it should be the foundation of your business plan. Whether you are presenting your ideas to investors, starting a new business, or looking for funding, the Business Model Canvas is your best friend.